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LEASES (Tables)

12 Months Ended

Dec. 31, 2019

The following table summarizes our lease cost and sublease income for the year ended December 31, 2019 (in thousands):



	Year Ended December 31, 2019
Financing lease cost:
Amortization of right-of-use assets	$	18,922
Interest on lease liabilities	1,021
Total finance lease cost	19,943
Operating lease cost ⁽¹⁾	34,397
Variable lease cost	8,551
Short-term lease cost	365
Sublease income, gross ⁽²⁾	(5,045		)
Total lease cost	$	58,211

The following summarizes right-of-use assets as of December 31, 2019 (in thousands):



	December 31, 2019
Right-of-use assets - operating leases	$	133,832
Right-of-use assets - finance leases⁽¹⁾	28,193
Total right-of-use assets, gross	162,025
Less: accumulated depreciation and amortization	(36,380		)
Right-of-use assets, net	$	125,645

(1)

Right-of-use assets for finance leases are included in Property, equipment and software, net on the consolidated balance sheet.

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

As of December 31, 2018, the future payments under lease agreements in accordance with our historical accounting policies under Topic 840 were as follows (in thousands):



	Capital Leases			Operating Leases
2019	$	18,169		$	32,533
2020	7,634			31,116
2021	4,784			26,876
2022	687			26,097
2023	—			21,944
Thereafter	—			31,633
Total minimum lease payments	31,274			$	170,199
Less: Amount representing interest	(1,586		)
Present value of net minimum capital lease payments	29,688
Less: Current portion of capital lease obligations	(17,207		)
Total long-term capital lease obligations	$	12,481

Schedule of Finance Lease Liabilities

As of December 31, 2019, the future payments under finance leases and operating leases for each of the next five years and thereafter are as follows (in thousands):



	Finance Leases			Operating Leases
2020	$	8,510		$	39,261
2021	5,264			34,457
2022	715			32,546
2023	12			24,126
2024	—			17,117
Thereafter	—			16,242
Total minimum lease payments	14,501			163,749
Less: Amount representing interest	(658		)	(20,699		)
Present value of net minimum lease payments	13,843			143,050
Less: Current portion of lease obligations	(8,012		)	(32,756		)
Total long-term lease obligations	$	5,831		$	110,294

Schedule of Operating Lease Liabilities

As of December 31, 2019, the future payments under finance leases and operating leases for each of the next five years and thereafter are as follows (in thousands):



	Finance Leases			Operating Leases
2020	$	8,510		$	39,261
2021	5,264			34,457
2022	715			32,546
2023	12			24,126
2024	—			17,117
Thereafter	—			16,242
Total minimum lease payments	14,501			163,749
Less: Amount representing interest	(658		)	(20,699		)
Present value of net minimum lease payments	13,843			143,050
Less: Current portion of lease obligations	(8,012		)	(32,756		)
Total long-term lease obligations	$	5,831		$	110,294

Schedule of Lease Income

As of December 31, 2019, the future amounts due under subleases for each of the next five years and thereafter are as follows (in thousands):



	Subleases
2020	$	5,027
2021	5,065
2022	5,103
2023	4,385
2024	2,333
Thereafter	2,559
Total future sublease income	$	24,472

Schedule of Supplemental Cash Flow Information

The following table summarizes supplemental cash flow information on our leasing obligations for the year ended December 31, 2019 (in thousands):



	Year Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	(1,021	)
Operating cash flows from operating leases	(36,723		)
Financing cash flows from finance leases	(19,687		)
Right-of-use assets obtained in exchange for lease liabilities:
Finance leases	3,929
Operating leases	27,293

As of December 31, 2019, the weighted-average remaining lease term and weighted-average discount rate for our finance leases and operating leases was as follows:



	Finance Leases		Operating Leases
Weighted-average lease term	2 years		5 years
Weighted-average discount rate	5.2	%	5.6	%