LEASES (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Schedule of lease expense

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Fixed lease costs (1)	$	4,688	$	(3,108)	$	14,747	$	(6,780)
Short-term lease costs	916		542		2,510		1,516
Variable lease costs	905		1,099		2,395		3,826
	$	6,509	$	(1,467)	$	19,652	$	(1,438)

(1) The lower fixed lease costs in the nine months ended September 30, 2021 was due to the modification of the corporate headquarters lease.

Schedule of right of use asset and lease liabilities

(in thousands)	September 30, 2022		December 31, 2021
Right of use assets (1)	$	80,163	$	87,521
Operating lease liabilities (2)	$	5,787	$	6,989
Long-term operating lease liabilities	$	82,705	$	87,818

(1) Represents the Company’s right to use the leased asset during the lease term. Included in other long-term assets.

(2) Included in other current liabilities.

Schedule of weighted average and discount rate

Weighted-average remaining lease term and discount rate for the Company’s leases were:

	September 30, 2022		December 31, 2021
Weighted-average remaining lease term	7.4 years		7.7 years
Weighted-average discount rate (1)	4.2	%	4.4	%

(1) The rates implicit in most of the Company’s leases are not readily determinable. Therefore, the Company uses its incremental borrowing rate as the discount rate when measuring operating lease liabilities. The incremental borrowing rate represents an estimate of the interest rate the Company would incur to borrow an amount equal to the lease payments on a collateralized basis over the lease term in a similar economic environment.

Schedule of lease maturities

Maturities of lease liabilities:

(in thousands)	September 30, 2022
Remainder of 2022	$	(4,717)
2023	18,804
2024	16,841
2025	14,778
2026	11,257
2027 and thereafter	48,397
Total lease payments	105,360
Less: imputed interest (1)	(16,868)
	$	88,492

(1) Lease liabilities are measured at the present value of the remaining lease payments using a discount rate determined at lease commencement unless the discount rate is updated due to a lease reassessment event.

Schedule of supplemental cash flow lease information

	Nine Months Ended September 30,
(in thousands)	2022		2021
Cash paid for leases	$	11,628	$	14,403
Right of use assets recognized for new leases and amendments (non-cash)	$	6,618	$	54,716