LEASES (Tables)

3 Months Ended

Mar. 31, 2020

LEASES

Summary of components of lease expense

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

	Three months ended March 31, 2020		Three months ended March 31, 2019
Operating lease cost:
Operating lease cost	$	4,047	$	3,516
Short-term lease cost		543		713
Variable lease cost		803		961
Total operating lease cost	$	5,393	$	5,190
Finance lease cost:
Amortization of right-of-use asset	$	571	$	593
Variable costs		272		296
Total finance lease cost	$	843	$	889

Summary of weighted-average remaining lease term and discount rate

The weighted average remaining lease terms and discount rates as of March 31, 2020 and December 31, 2019 are noted in the table below:

	March 31, 2020		December 31, 2019
Weighted-average remaining lease term
Operating leases		6.4 years		6.5 years
Financing leases		11.7 years		11.7 years
Weighted-average discount rate
Operating leases		5.1%		5.0%
Financing leases		n/a		n/a

Summary of maturities of lease liabilities

Maturities of lease liabilities as of March 31, 2020 were as follows (in thousands):

	Operating Leases
2020 (excluding the three months ended March 31, 2020)	$	11,097
2021		13,748
2022		12,773
2023		10,561
2024		9,532
Thereafter		18,572
Total lease payments		76,283
Less imputed interest		(11,384)
Total	$	64,899

Maturities of lease liabilities as of December 31, 2019 were as follows (in thousands):

	Operating Leases
2020	$	14,526
2021		13,714
2022		12,787
2023		10,713
2024		9,671
Thereafter		18,355
Total lease payments		79,766
Less imputed interest		(12,195)
Total	$	67,571