COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Lease Expense Components and Other Information Related to Leases

The components of lease expense for the periods presented were as follows (in thousands):

	Three Months Ended March 31,
	2021		2020
Fixed operating lease costs	$	20,432	$	15,125
Variable operating lease costs	3,508		5,724
Short term lease costs	388		1,856
Sublease income	(2,625)		(1,437)
Amortization of finance lease right-of-use assets	—		1,054
Total lease costs	$	21,703	$	22,322

Other information related to leases were as follows:

	March 31, 2021
Weighted Average Remaining Lease Term:
Operating leases	8.5 years
Weighted Average Discount Rate:
Operating leases	4	%

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

	Three Months Ended March 31,
	2021		2020
Cash flows from operating activities:
Payments for operating lease liabilities	$	(18,250)	$	(9,570)
Cash flows from financing activities:
Principal payments on finance lease obligation	$	—	$	(1,054)
Supplemental Cash Flow Data:
Right-of-use assets obtained in exchange for operating lease obligations	$	22,715	$	255,553

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 March 31, 2021 are as follows (in thousands):

	Operating
Year:
Remainder of 2021	$	53,124
2022	79,498
2023	73,060
2024	54,291
2025	49,424
Thereafter	241,098
Total	$	550,495
Less: amount representing interest	80,806
Less: lease incentives	13,835
Total	$	455,854

Future Minimum Finance Lease Payments

Future minimum lease payments under non-cancelable operating leases (with initial lease terms in excess of one year) as of March 31, 2021 are as follows (in thousands):

	Operating
Year:
Remainder of 2021	$	53,124
2022	79,498
2023	73,060
2024	54,291
2025	49,424
Thereafter	241,098
Total	$	550,495
Less: amount representing interest	80,806
Less: lease incentives	13,835
Total	$	455,854