LEASES (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Right-of-use lease assets and lease liabilities

The Company's right-of-use lease assets and lease liabilities at March 31, 2020 and December 31, 2019 were as follows (in thousands):

	Classification	March 31, 2020		December 31, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	66,295	$	36,654
Finance lease assets*	Property and equipment, net	2,093		2,420
Total leased assets		$	68,388	$	39,074
Liabilities
Current
Operating	Operating lease liabilities	$	18,201	$	7,719
Finance	Accrued expenses and other	1,376		1,005
Noncurrent
Operating	Operating lease liabilities, net of current	55,857		37,202
Finance	Other long-term liabilities	1,436		2,144
Total lease liabilities		$	76,870	$	48,070

* Finance lease assets were recorded net of accumulated depreciation of $2.3 million and $2.0 million at March 31, 2020 and December 31, 2019, respectively.

Components of lease expense

The components of lease expense for the three months ended March 31, 2020 and 2019 were as follows (in thousands):

	Three months ended
	March 31, 2020		March 31, 2019
Operating lease cost*	$	3,344	$	2,441
Finance lease cost
Amortization of leased assets	319		244
Interest on lease liabilities	55		64
Short-term lease cost	5,523		4,671
Variable lease costs (costs excluded from minimum fixed lease payments)	637		601
Net lease cost	$	9,878	$	8,021

* Operating lease cost for the three months ended March 31, 2020 includes $0.1 million of accelerated amortization for certain assets partially or fully vacated in 2020 with no intent or ability to sublease.

Other information related to the Company's leases as of and for the three months ended March 31, 2020 and 2019 was as follows (in thousands, except lease terms and percentages):

	Three months ended
	March 31, 2020		March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	3,113	$	2,355
Operating cash flows for finance leases	$	55	$	64
Financing cash flows for finance leases	$	338	$	230

	March 31, 2020		December 31, 2019
Weighted average remaining lease term (years)
Operating leases	5.36		6.73
Finance leases	2.19		2.35
Weighted average discount rate
Operating leases	5.58	%	6.50	%
Finance leases	7.49	%	7.54	%

Future minimum fixed lease payments under noncancelable finance leases

Future minimum fixed lease payments under noncancelable leases at March 31, 2020 and December 31, 2019 were as follows (in thousands):

	March 31, 2020
	Operating			Finance
	leases			leases
Remainder of 2020	$	16,251		$	1,214
2021	19,067			1,179
2022	15,345			587
2023	12,889			36
2024	6,692			—
2025 and beyond	16,127			—
Total lease payments	86,371			3,016
Less: interest	(12,313		)	(204		)
Present value of lease liabilities	$	74,058		$	2,812

	December 31, 2019
	Operating			Finance
	leases			leases
2020	$	10,290		$	1,644
2021	9,468			1,159
2022	7,665			581
2023	7,067			—
2024	5,303			—
2025 and beyond	15,738			—
Total lease payments	55,531			3,384
Less: interest	(10,610		)	(235		)
Present value of lease liabilities	$	44,921		$	3,149

Future minimum fixed lease payments under noncancelable operating leases

Future minimum fixed lease payments under noncancelable leases at March 31, 2020 and December 31, 2019 were as follows (in thousands):

	March 31, 2020
	Operating			Finance
	leases			leases
Remainder of 2020	$	16,251		$	1,214
2021	19,067			1,179
2022	15,345			587
2023	12,889			36
2024	6,692			—
2025 and beyond	16,127			—
Total lease payments	86,371			3,016
Less: interest	(12,313		)	(204		)
Present value of lease liabilities	$	74,058		$	2,812

	December 31, 2019
	Operating			Finance
	leases			leases
2020	$	10,290		$	1,644
2021	9,468			1,159
2022	7,665			581
2023	7,067			—
2024	5,303			—
2025 and beyond	15,738			—
Total lease payments	55,531			3,384
Less: interest	(10,610		)	(235		)
Present value of lease liabilities	$	44,921		$	3,149