LEASES (Tables)

9 Months Ended

Sep. 30, 2019

LEASES

Summary of components of lease expense

The components of lease expense were as follows (in thousands):

	Three months ended September 30, 2019		Nine months ended September 30, 2019
Operating lease cost:
Operating lease cost	$	3,627	$	11,294
Short-term lease cost		652		2,232
Variable lease cost		1,151		2,400
Total operating lease cost	$	5,430	$	15,926
Finance lease cost:
Amortization of right-of-use asset	$	570	$	1,749
Variable costs		244		802
Total finance lease cost	$	814	$	2,551

Summary of weighted-average remaining lease term and discount rate

The weighted average remaining lease terms and discount rates as of September 30, 2019 are noted in the table below:

Weighted average remaining lease term
Operating leases	6.7 years
Financing leases	11.8 years
Weighted average discount rate
Operating leases	5.0%
Financing leases	n/a

Summary of maturities of lease liabilities

Maturities of lease liabilities as of September 30, 2019 were as follows (in thousands):

	Operating Leases
2019 (excluding the nine months ended September 30, 2019)	$	4,247
2020		13,516
2021		13,510
2022		12,551
2023		10,693
Thereafter		28,062
Total lease payments		82,579
Less imputed interest		(13,002)
Total	$	69,577

Summary of maturities of lease liabilities as of December 31, 2018

Maturities of lease liabilities as of December 31, 2018 were as follows (in thousands):

	Operating Leases
2019	$	11,801
2020		12,650
2021		11,491
2022		10,713
2023		9,990
Thereafter		27,325
Total lease payments	$	83,970