COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Lease Expense Components and Other Information Related to Leases

The components of lease expense for the year ended December 31, 2020 were as follows (in thousands):

	Year Ended December 31,
	2020		2019
Fixed operating lease costs	$	70,254	$	29,422
Variable operating lease costs	15,625		5,737
Short term lease costs	6,375		2,512
Sublease income	(8,594)		(3,381)
Finance lease costs
Amortization of finance right-of-use assets	2,446		5,029
Total lease costs	$	86,106	$	39,319

Other information related to leases was as follows:

	December 31, 2020
Weighted Average Remaining Lease Term:
Operating leases	8.6 years
Weighted Average Discount Rate:
Operating leases	4	%

Cash flows related to leases were as follows (in thousands):

	Year Ended December 31,
	2020		2019
Cash flows from operating activities:
Payments for operating lease liabilities	$	(46,901)	$	(33,340)
Cash flows from financing activities:
Principal payments on finance lease obligation	$	(2,446)	$	(5,029)
Supplemental Cash Flow Data:
Right-of-use assets obtained in exchange for operating lease obligations	$	342,662	$	40,555

Future Minimum Lease Payments under Non-Cancelable Operating Leases

Future minimum lease payments under non-cancelable operating leases (with initial lease terms in excess of one year) as of December 31, 2020 are as follows (in thousands):

	Operating
Year:
2021	$	70,774
2022	78,724
2023	72,478
2024	54,095
2025	49,430
Thereafter	240,827
Total	$	566,328
Less: amount representing interest	82,811
Less: leases executed but not yet commenced	21,914
Less: lease incentives and transfer to held for sale	19,194
Total	$	442,409