Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.20.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Operating lease right-of-use assets and liabilities
Operating lease right-of-use assets and lease liabilities are as follows (dollar amounts in thousands):
December 31,
2019
January 1,
2019
Assets:
Operating lease right-of-use assets $ 23,951    $ 23,143   
Liabilities:
Current 4,941    4,426   
Long-term 20,213    19,566   
Total operating lease liabilities $ 25,154    $ 23,992   
Approximate aggregate commitments under non-cancelable operating leases
The approximate aggregate commitments under non-cancelable operating leases in effect at December 31, 2019 were as follows (dollar amounts in thousands):
2020 $ 5,928   
2021 5,055   
2022 3,550   
2023 3,053   
2024 2,913   
Thereafter 8,849   
Total lease payments $ 29,348   
Less: Imputed interest (1) 4,194   
Present value of lease liabilities $ 25,154   

(1) Calculated using our corporate borrowing rate based on the term of each lease ranging from 4.09 percent to 4.29 percent.
Future minimum rental commitments
As of December 31, 2018, future minimum rental commitments for non-cancelable operating leases were as follows (dollar amounts in thousands):
2019 $ 5,646   
2020 4,692   
2021 3,864   
2022 2,367   
2023 2,162   
Thereafter 10,296   
Total $ 29,027