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LEASES (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Components of Lease Expenses
During the three months ended March 31, 2020 and 2019, the components of lease expense were as follows:
 
 
 
 
Three Months Ended March 31,
 
 
Income Statement Classification
 
2020
 
2019
Operating lease cost
 
Selling, general and administrative expenses
 
$
18,863

 
$
13,719

Variable lease cost
 
Selling, general and administrative expenses
 
2,635

 
2,097

Short-term lease cost
 
Selling, general and administrative expenses
 
540

 
898

Total lease cost
 
 
 
$
22,038

 
$
16,714


Supplemental Cash Flow Information
Supplemental cash flow information related to leases for the three months ended March 31, 2020 and 2019 was as follows:
 
 
Three Months Ended 
 March 31, 2020
 
Three Months Ended 
 March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
 
 
Operating cash flows used for operating leases
 
$
16,891

 
$
14,696

Right-of-use assets obtained in exchange for lease obligations:
 
 
 
 
Operating leases
 
$
31,252

 
$
12,825

Non-cash net increase/(decrease) due to lease modifications:
 
 
 
 
Operating lease right-of-use assets
 
$
4,584

 
$
(5,174
)
Operating lease liabilities
 
$
4,573

 
$
(5,106
)

Weighted Average Lease Terms and Discount Rates
Weighted average remaining lease term and discount rate as of March 31, 2020 and 2019 were as follows:
 
 
As of March 31, 2020
 
As of March 31, 2019
Weighted average remaining lease term, in years:
 
 
 
 
Operating leases
 
6.0

 
5.9

Weighted average discount rate:
 
 
 
 
Operating leases
 
3.3
%
 
4.0
%

Maturity of Operating Lease Liabilities
As of March 31, 2020, operating lease liabilities will mature as follows:
Year ending December 31,
 
Lease Payments
2020 (excluding three months ended March 31, 2020)
 
$
50,933

2021
 
59,351

2022
 
42,665

2023
 
31,190

2024
 
26,870

Thereafter
 
62,988

Total lease payments
 
273,997

Less: imputed interest
 
(24,577
)
Total
 
$
249,420