Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.20.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Lease Maturity Analysis
The Company’s maturity analysis of lease payments under operating leases that have a remaining term in excess of one year as of March 31, 2020 was as follows (in thousands):
 
 
Minimum Payments
2020
 
$
1,657

2021
 
1,715

2022
 
1,234

2023
 
1,186

2024
 
987

Years subsequent to 2024
 
8,498

Total future minimum lease payments
 
15,277

Less: imputed interest
 
6,452

Present value of lease liabilities
 
$
8,825


Assets and Liabilities, Lessee
Supplemental balance sheet information related to these leases as of March 31, 2020 and December 31, 2019 were as follows (in thousands):
 
 
March 31,
2020
 
December 31,
2019
Operating lease right-of-use asset
 
$
8,672

 
$
9,468

Other current liabilities
 
$
1,722

 
$
1,773

Long-term lease liabilities
 
7,103

 
7,815

Total operating lease liabilities
 
$
8,825


$
9,588


Lease, Cost
Other information related to these leases as of March 31, 2020 and December 31, 2019 were as follows:
 
 
March 31,
2020
 
December 31,
2019
Weighted average remaining lease term
 
17 years

 
16 years

Weighted average discount rate
 
6.15
%
 
6.11
%