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LEASES (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Components of Lease Expense
The components of lease cost related to the Company's operating leases are as follows:
Nine Months Ended
September 30,
20202019
(in thousands)
Operating lease cost$13,979 $11,613 
Sublease income(2,834)(2,732)
Net lease cost$11,145 $8,881 
Supplemental Cash Flow Information Related to Leases
Supplemental cash flow information related to leases, including leases acquired in business combinations, is as follows:
Nine Months Ended
September 30,
20202019
(in thousands)
Cash paid for operating leases$10,357 $9,639 
Right-of-use assets obtained in exchange for lease obligations18,409 5,452 
Supplemental Balance Sheet Information of Operating Leases
Supplemental balance sheet information related to the Company's operating leases is as follows:
September 30, 2020December 31, 2019
Weighted-average remaining lease term4.4 years6.0 years
Weighted-average incremental borrowing rate3.5  %3.3 %
Maturities of Operating Lease Liabilities
Maturities of the Company’s operating lease liabilities at September 30, 2020 are as follows (in thousands):
2020 – remaining period$3,787 
202120,908 
202219,980 
202318,864 
20249,598 
Thereafter22,401 
Total lease payments95,538 
Less: Imputed interest1
(9,379)
Present value of operating lease liabilities$86,159 
1 Calculated using the incremental borrowing rate for each lease.