LEASES

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

LEASES

LEASES

The following table presents the Company’s ROU assets and lease liabilities as of December 31, 2019:

Lease Classification	Classification	December 31, 2019
Assets:
Operating	Other Assets	$	49,045
Financing	Other Assets	10,389
Total ROU assets		$	59,434
Liabilities:
Current:
Operating	Accounts payable and accrued liabilities	$	7,451
Financing	Accounts payable and accrued liabilities	3,249
Noncurrent:
Operating	Other long-term liabilities	44,092
Financing	Other long-term liabilities	6,708
Total lease liabilities		$	61,500

Maturities of lease liabilities as of December 31, 2019 by fiscal year were as follows: 

Maturity of Lease Liabilities	Operating		Financing		Total
2020	$	10,019	$	3,705	$	13,724
2021	9,081		3,090		12,171
2022	8,699		2,346		11,045
2023	7,748		1,748		9,496
2024	5,916		—		5,916
Thereafter	22,027		—		22,027
Total lease payments	63,490		10,889		74,379
Less: Interest	(11,947)		(932)		(12,879)
Present value of lease liabilities	$	51,543	$	9,957	$	61,500

Lease Cost	Classification	December 31, 2019
Operating (1)	Operating Expenses	$	13,026
Financing:
Amortization	Operating Expenses	2,615
Interest expense	Operating Expenses	606
Total lease costs		$	16,247

(1) Includes short-term leases and variable lease costs, both of which were not material. Rent expense under operating leases for the years ended December 31, 2018 and 2017 was $12.2 million and $11.4 million, respectively.

Minimum lease payments for future years as of December 31, 2018 were as follows: 

2019	$	12,976
2020	12,549
2021	11,198
2022	10,574
2023	9,993
Thereafter	27,701
Total	$	84,991

Deferred rent accruals at December 31, 2018 totaled $2.1 million, of which $0.5 million was current.

Other Information	December 31, 2019
Weighted average remaining lease term (in years):
Operating leases	7.9
Financing leases	3.3
Weighted average discount rate:
Operating leases	5.2	%
Financing leases	5.4	%

As of December 31, 2019, no operating leases were expected to commence that create significant rights and obligations for the Company.

Supplemental Cash Flow Information	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Cash used in operating activities:
Operating leases	$	8,183
Financing leases	$	628
Cash used in financing activities:
Financing leases	$	5,087
ROU assets obtained in exchange for lease obligations:
Operating leases	$	9,772
Financing leases	$	3,267