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LEASES
 9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Leases LEASES
The components of lease cost, net for the three and nine months ended September 30, 2020 and 2019 were as follows (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2020201920202019
Operating lease cost$13,714 $13,544 $41,512 $40,878 
Short-term lease cost (12 months or less)369 291 1,070 938 
Sublease income(1,954)(1,475)(5,868)(2,764)
Total lease cost, net$12,129 $12,360 $36,714 $39,052 
The Company's leases and subleases do not include any variable lease payments, residual value guarantees, related-party leases, or restrictions or covenants that would limit or prevent the Company's right to obtain substantially all of the economic benefits from use of the respective assets during the lease term.
The Company has subleased certain office facilities under operating lease agreements that expire in 2025. The sublease agreements do not contain any options to renew. The Company recognizes a majority of the sublease rental income as a reduction in rent expense on a straight-line basis over the lease period, with any sublease income in excess of the original lease cost recorded to other income, net.
Supplemental cash flow information related to leases for the nine months ended September 30, 2020 and 2019 was as follows (in thousands):
September 30, 2020September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases$44,181 $42,323 
As of September 30, 2020, maturities of lease liabilities for (i) the remaining three months of 2020, (ii) each of the succeeding five years, and (iii) thereafter were as follows (in thousands):
Year Ending December 31,Operating
Leases
2020 (from October 1, 2020)$14,858 
202152,067 
202246,400 
202343,495 
202441,263 
202522,316 
Thereafter24,009 
Total minimum lease payments244,408 
Less imputed interest(34,715)
Present value of lease liabilities$209,693 
As of September 30, 2020 and December 31, 2019, the weighted-average remaining lease terms and weighted-average discount rates were as follows:
September 30, 2020December 31,
2019
Weighted-average remaining lease term (years) — operating leases5.25.5
Weighted-average discount rate — operating leases6.0 %6.1 %

In October 2020, the Company entered into a lease agreement for an office facility in Toronto, Canada for which the lease term is expected to commence in 2021 and expire in 2031. The Company expects to classify this as an operating lease and, as of September 30, 2020, expected to recognize operating lease cost of approximately $9.0 million over the life of the lease.