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LEASES (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Summary of operating lease assets and liabilities recorded on the balance sheet

 

 

 

 

 

 

 

 

March 31, 

 

Classification on Balance Sheet

    

2020

Assets

 

 

(in thousands)

Non-current

Right-of-use assets - operating leases

 

$

49,600

 

 

 

 

 

Liabilities

 

 

 

 

Current

Current portion of lease liabilities - operating leases

 

$

3,040

Non-current

Lease liabilities - operating leases, net of current portion

 

 

53,401

Total operating lease liabilities

 

 

$

56,441

 

 

 

 

 

Weighted average remaining lease term (in years)

 

 

 

13.1

 

Summary of maturities of the Company’s lease liabilities

As of March 31, 2020, the maturities of the Company’s lease liabilities were as follows:

 

 

 

 

 

    

Operating Leases

 

 

(in thousands)

Remainder of 2020

 

$

5,082

2021

 

 

6,718

2022

 

 

6,721

2023

 

 

6,707

2024

 

 

6,856

Thereafter

 

 

53,809

   Total minimum lease payments

 

 

85,893

Less: imputed interest

 

 

29,452

   Lease liabilities

 

$

56,441