COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 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 periods presented are follows (in thousands):

	Three Months Ended March 31,
	2020		2019
Fixed operating lease costs	$	15,125	$	6,690
Variable operating lease costs	5,724		637
Short term lease costs	1,856		441
Sublease income	(1,437)		—
Finance lease costs
Amortization of finance right-of-use assets	1,054		1,293
Interest on finance lease liabilities	—		—
Total lease costs	$	22,322	$	9,061

Other information related to leases was as follows:

	March 31, 2020
Weighted Average Remaining Lease Term:
Operating leases	8.8 years
Finance leases	0.5 years
Weighted Average Discount Rate:
Operating leases	4	%
Finance leases	—	%

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

	Three Months Ended March 31,
	2020		2019
Cash flows from operating activities:
Payments for operating lease liabilities	$	(9,570)	$	(9,293)
Cash flows from financing activities:
Principal payments on finance lease obligation	$	(1,054)	$	(1,284)
Supplemental Cash Flow Data:
Right-of-use assets obtained in exchange for operating lease obligations	$	255,553	$	19,918

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) and future minimum finance lease payments as of March 31, 2020 are as follows (in thousands):

	Finance		Operating
Year:
Remainder of 2020	$	1,391	$	39,616
2021	—		67,683
2022	—		70,409
2023	—		65,056
2024	—		45,520
Thereafter	—		269,229
Total	$	1,391	$	557,513
Less: amount representing interest	—		78,640
Less: leases executed but not yet commenced	—		82,692
Less: lease incentives	—		9,284
Total	$	1,391	$	386,897

Future Minimum Finance Lease Payments

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

	Finance		Operating
Year:
Remainder of 2020	$	1,391	$	39,616
2021	—		67,683
2022	—		70,409
2023	—		65,056
2024	—		45,520
Thereafter	—		269,229
Total	$	1,391	$	557,513
Less: amount representing interest	—		78,640
Less: leases executed but not yet commenced	—		82,692
Less: lease incentives	—		9,284
Total	$	1,391	$	386,897