LEASES

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases

LEASES

During the three months ended March 31, 2020 and 2019, the Company incurred operating lease expenses of $7.7 millionand $5.2 million, respectively, including short-term lease expenses, which were included as a component of selling, general and administrative expenses in the unaudited condensed consolidated statements of comprehensive income (loss). As of March 31, 2020, the weighted-average remaining lease term was 5.3 years and the weighted-average discount rate was 5.47%.

Operating leases mature as follows (in thousands):

Fiscal Year Ending December 31,	Minimum Payments
2020	$	18,202
2021	19,201
2022	14,103
2023	10,767
2024	8,008
Thereafter	18,327
Total lease payments	$	88,608
Less: Interest	14,715
Present value of lease liabilities	$	73,893

During the three months ended March 31, 2020, the Company did not enter into any significant new operating or financing leases. As of March 31, 2020, the Company did not have any significant operating or financing leases that had not yet commenced.

Leases

LEASES

During the three months ended March 31, 2020 and 2019, the Company incurred operating lease expenses of $7.7 millionand $5.2 million, respectively, including short-term lease expenses, which were included as a component of selling, general and administrative expenses in the unaudited condensed consolidated statements of comprehensive income (loss). As of March 31, 2020, the weighted-average remaining lease term was 5.3 years and the weighted-average discount rate was 5.47%.

Operating leases mature as follows (in thousands):

Fiscal Year Ending December 31,	Minimum Payments
2020	$	18,202
2021	19,201
2022	14,103
2023	10,767
2024	8,008
Thereafter	18,327
Total lease payments	$	88,608
Less: Interest	14,715
Present value of lease liabilities	$	73,893

During the three months ended March 31, 2020, the Company did not enter into any significant new operating or financing leases. As of March 31, 2020, the Company did not have any significant operating or financing leases that had not yet commenced.