LEASES (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Operating lease cost	$	3,568	$	1,765	$	7,562	$	4,495
Short-term lease cost	11		21		49		69
Total lease cost	$	3,579	$	1,786	$	7,611	$	4,564

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

	September 30, 2020		December 31, 2019
Weighted average remaining lease term	13.0 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):

	Nine Months Ended September 30,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,077	$	4,191
Right-of-use assets obtained in exchange for new operating lease liabilities	$	66,463	$	21,912

Operating Lease Maturity

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

	Operating Leases
Remainder of current year	$	2,118
Year ending December 31, 2021	8,949
Year ending December 31, 2022	12,619
Year ending December 31, 2023	12,409
Year ending December 31, 2024	10,885
Thereafter	105,398
Total lease payments	152,378
Less: Interest	46,096
Less: Tenant improvement allowances	12,859
Present value of lease liabilities	$	93,423