LEASES (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Components of Lease Expense

The components of lease cost related to the Company's operating leases is as follows:

	Six Months Ended
	June 30,
	2020		2019
	(in thousands)
Operating lease cost	$	8,843	$	7,632
Sublease income	(2,044)		(1,685)
Net lease cost	$	6,799	$	5,947

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases, including leases acquired in business combinations, is as follows:

	Six Months Ended
	June 30,
	2020		2019
	(in thousands)
Cash paid for operating leases	$	6,402	$	5,700
Right-of-use assets obtained in exchange for lease obligations	17,762		5,452

Supplemental Balance Sheet Information of Operating Leases

Supplemental balance sheet information related to the Company's operating leases is as follows:

	June 30, 2020		December 31, 2019
Weighted-average remaining lease term	4.5 years		6.0 years
Weighted-average incremental borrowing rate	3.5	%	3.3	%

Maturities of Operating Lease Liabilities

Maturities of the Company’s operating lease liabilities at June 30, 2020 are as follows (in thousands):

2020 – remaining period	$	11,889
2021	20,502
2022	19,585
2023	18,503
2024	9,195
Thereafter	22,595
Total lease payments	102,269
Less: Imputed interest1	(14,952)
Present value of operating lease liabilities	$	87,317
1 Calculated using the incremental borrowing rate for each lease.