LEASES (Tables)

6 Months Ended

Jun. 30, 2021

The following table presents components of lease expense for the three and six months ended June 30, 2021 and June 30, 2020 (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Finance lease cost
Amortization of right-of-use assets	$	937	$	1,261	$	1,874	$	1,753
Interest on lease liabilities	208		274		427		381
Operating lease cost	2,216		2,545		4,430		5,263

Variable lease cost	255		373		603		776
Sublease income	(131)		(213)		(344)		(344)
Total lease cost	$	3,485	$	4,240	$	6,990	$	7,829

Supplemental cash flow information related to leases for the six months ended June 30, 2021 and June 30, 2020 are as follows (in thousands):


	Six Months Ended June 30,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	3,293	$	5,075
Operating cash flows for financing leases	430		472
Financing cash flows for financing leases	2,414		1,331
Right-of-use assets obtained in exchange for lease liabilities(1):
Operating leases	$	676	$	(8,017)
Finance leases	—		10,785

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(1)During the second quarter of 2020, the Company executed an amendment to an existing lease agreement resulting in the reclassification of certain lease components from an operating lease to a finance lease. As such, the Company recorded an adjustment to reduce the operating lease liability and the corresponding operating lease right-of-use asset and increase the finance lease liability and corresponding finance lease right-of-use asset.

Supplemental balance sheet information related to leases as of June 30, 2021 and December 31, 2020 are as follows:


	June 30, 2021		December 31, 2020
Weighted average remaining lease term:
Operating leases	4 years		4 years
Financing leases	8 years		8 years
Weighted average discount rate:
Operating leases	4.1	%	4.1	%
Financing leases	3.0	%	3.0	%