LEASES (Tables)

6 Months Ended

Jun. 30, 2022

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 June 30, 2022, and for the three and six months ended June 30, 2022 and 2021, is as follows (dollars in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
Lease Costs	2022		2021		2022		2021
Operating lease expense	$	23,082	$	21,459	$	44,727	$	43,021
Short-term lease expense	1,137		1,462		3,597		3,063
Total lease expense	$	24,219	$	22,921	$	48,324	$	46,084

	Six Months Ended June 30,
Other Lease Information	2022		2021
Operating cash flows from operating leases	$	43,937	$	42,495
Right-of-use lease assets obtained in exchange for new lease liabilities	87,554		18,299

Lease Term and Discount Rate	As of June 30, 2022
Weighted average remaining lease term (in years)(1)	6.5
Weighted average discount rate	3.0	%

____________________________________________

(1) The weighted average remaining lease term is significantly impacted by a 15-year lease related to office space in Chicago, IL, which commenced in 2018. Excluding this lease, the weighted average remaining lease term of our agreements is 5.1 years.

Schedule of Maturity of Lease Liabilities

The maturities of lease liabilities as of June 30, 2022, were as follows (in thousands):

Maturity of Lease Liabilities	Operating Leases
Remaining 2022	$	38,669
2023	84,653
2024	63,944
2025	47,866
2026	38,314
Thereafter	121,832
Total lease payments	395,278
Less: Interest	(41,273)
Present value of lease liabilities	$	354,005