LEASES (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Summary of Lease Expense and Weighted Average

Lease expense, which is included in general and administrative expense on the accompanying consolidated statements of operations and comprehensive income, consists of the following (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Operating lease cost	$	2,140	$	1,467	$	3,994	$	2,730
Short-term lease cost	17		9		38		48
Total lease cost	$	2,157	$	1,476	$	4,032	$	2,778

Weighted average remaining lease term and discount rate for operating leases are as follows:

	June 30, 2020		December 31, 2019
Weighted average remaining lease term	14.0 years		5.0 years
Weighted average discount rate	5.0	%	4.7	%

Lessee operating leases supplemental cash flow information and noncash activity table

Supplemental cash flow information related to leases is as follows (in thousands):

	Six Months Ended June 30,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,056	$	2,581
Right-of-use assets obtained in exchange for new operating lease liabilities	$	65,740	$	11,398

Operating Lease Maturity

Maturities of lease liabilities as of June 30, 2020 are as follows (in thousands):

	Operating Leases
Remainder of current year	$	4,052
Year ending December 31, 2021	8,595
Year ending December 31, 2022	12,530
Year ending December 31, 2023	12,409
Year ending December 31, 2024	10,885
Thereafter	105,398
Total lease payments	153,869
Less: Interest	47,219
Less: Tenant improvement allowances	14,078
Present value of lease liabilities	$	92,572