LEASES (Tables)

12 Months Ended

Dec. 31, 2021

LEASES

Summary of components of lease expense

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

	December 31, 2021		December 31, 2020
Operating lease cost:
Operating lease cost	$	20,386	$	16,409
Short-term lease cost		2,402		2,712
Variable lease cost		3,874		4,059
Total operating lease cost	$	26,662	$	23,180
Finance lease cost:
Amortization of right-of-use asset	$	2,561	$	2,181
Variable costs		792		852
Total finance lease cost	$	3,353	$	3,033

Summary of weighted-average remaining lease term and discount rate

	December 31, 2021		December 31, 2020
Weighted-average remaining lease term
Operating leases		11.3 years		5.9 years
Financing leases		9.5 years		10.9 years
Weighted-average discount rate
Operating leases		5.4%		5.0%
Financing leases		6.4%		3.3%

Summary of maturities of operating lease liabilities

Maturities of lease liabilities as of December 31, 2021 were as follows (in thousands):

	Operating Leases		Financing Leases
2022	$	20,474	$	1,269
2023		17,941		1,278
2024		16,634		1,169
2025		13,640		975
2026		9,610		484
Thereafter		65,902		3,145
Total lease payments		144,201		8,320
Less imputed interest		(42,333)		(2,268)
Total	$	101,868	$	6,052

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

	Operating Leases		Financing Leases
2021	$	14,877	$	334
2022		14,202		333
2023		11,799		333
2024		10,633		211
2025		7,816		—
Thereafter		13,094		—
Total lease payments		72,421		1,211
Less imputed interest		(10,097)		(82)
Total	$	62,324	$	1,129

Summary of maturities of finance lease liabilities

Maturities of lease liabilities as of December 31, 2021 were as follows (in thousands):

	Operating Leases		Financing Leases
2022	$	20,474	$	1,269
2023		17,941		1,278
2024		16,634		1,169
2025		13,640		975
2026		9,610		484
Thereafter		65,902		3,145
Total lease payments		144,201		8,320
Less imputed interest		(42,333)		(2,268)
Total	$	101,868	$	6,052

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

	Operating Leases		Financing Leases
2021	$	14,877	$	334
2022		14,202		333
2023		11,799		333
2024		10,633		211
2025		7,816		—
Thereafter		13,094		—
Total lease payments		72,421		1,211
Less imputed interest		(10,097)		(82)
Total	$	62,324	$	1,129