LEASES (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Significant Components of Operating Lease Expense

The significant components of operating lease expense are as follows:

	Three Months Ended March 31,
	2020		2019
	(in thousands)
Operating lease cost	$	62,128	$	46,729
Variable and short-term lease cost	12,522		13,765
Sublease income	(4,151)		(3,741)
Net lease cost	$	70,499	$	56,753

Supplemental Cash Flow Information for Operating Leases

Supplemental cash flow information for our operating leases is as follows:

	Three Months Ended March 31,
	2020		2019
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities	$	58,908	$	48,940
Lease assets obtained in exchange for lease obligations, net of terminations	$	55,042	$	27,872

Future Maturities of Operating Leases

Future maturities of our operating lease liabilities at March 31, 2020 are as follows:

	(in thousands)
April 1 - December 31, 2020	$	138,661
2021	189,415
2022	184,770
2023	181,046
2024	163,811
Thereafter	1,430,324
Total lease payments	2,288,027
Less: Interest	785,852
Present value of lease liabilities	$	1,502,175

Operating Leases Weighted Average Remaining Lease Term and Discount Rate

The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows:

	March 31,
	2020		2019
Weighted average remaining lease term (in years)	13.9		13.5
Weighted average discount rate	5.94	%	5.76	%