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LEASES (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Lease Expense, Remaining Lease Terms, Discount Rate and Other Information
Information regarding lease expense, remaining lease term, discount rate, and other select lease information is presented below as of December 31, 2021 and 2020, and for the twelve months ended December 31, 2021 and 2020 (dollars in thousands):
Twelve Months Ended December 31,
Lease Costs20212020
Operating lease expense$85,521 $86,451 
Short-term lease expense8,307 15,130 
Total lease expense$93,828 $101,581 
Twelve Months Ended December 31,
Other Lease Information20212020
Operating cash outflows from operating leases$85,244 $74,177 
Right-of-use lease assets obtained in exchange for new lease liabilities(1)
52,931 95,005 
As of December 31,
Lease Term and Discount Rate20212020
Weighted average remaining lease term (in years)(1)
6.46.8
Weighted average discount rate3.0 %3.2 %
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(1) The weighted average remaining lease term is significantly impacted by a 15-year lease related to office space in Chicago, IL, that commenced in 2018. Excluding this lease, the weighted average remaining lease term of our agreements is 4.5 years.
Schedule of Maturity of Lease Liabilities The maturity of lease liabilities as of December 31, 2021, were as follows (in thousands):
Maturity of Lease LiabilitiesOperating Leases
2022$74,600 
202369,277 
202448,819 
202536,461 
202626,678 
Thereafter86,859 
Total lease payments342,694 
Less: Interest(35,014)
Present value of lease liabilities
$307,680