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LEASE COMMITMENTS (Tables) | 12 Months Ended
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Dec. 31, 2015
LEASE COMMITMENTS |
Summary of future minimum payments under operating leases | Following is a summary of future minimum payments under operating leases that have initial or remaining non-cancelable lease terms for the next five years (in thousands):
|  | Operating Leases |
Year ending December 31, |  |  |
2016 |  | $ | 1,071 |
2017 |  | 1,071 |
2018 |  | 1,071 |
2019 |  | 1,071 |
2020 |  | 1,071 |
Total minimum lease payments |  | $ | 5,355 |

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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41502-112717 + Details
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