LEASES (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Schedule of Lease Expense, Remaining Lease Terms, Discount Rate and Other Information

Information regarding lease expense, remaining lease term, discount rate, and other select lease information is presented below as of March 31, 2020, and for the three months ended March 31, 2020 (dollars in thousands):

Lease Costs	Three Months Ended March 31, 2020		Three Months Ended March 31, 2019
Operating lease expense	$	19,974	$	16,822
Short-term lease expense	2,572		2,341
Total lease expense	$	22,546	$	19,163

Other Lease Information	Three Months Ended March 31, 2020		Three Months Ended March 31, 2019
Operating cash flows from operating leases	$	19,112	$	16,629
Right-of-use lease assets obtained in exchange for new lease liabilities	60,281		7,732

Lease Term and Discount Rate	As of March 31, 2020
Weighted average remaining lease term (in years)(1)	7.2
Weighted average discount rate	3.3	%

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(1) The weighted average remaining lease term is significantly impacted by a 15-year lease related to office space in Chicago, IL, that commenced in 2018. Excluding this lease, the weighted average remaining lease term of our agreements is 4.9 years.

Schedule of Maturity of Lease Liabilities

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

Maturity of Lease Liabilities	Operating Leases
Remaining 2020	$	61,390
2021	74,485
2022	62,947
2023	49,726
2024	32,536
Thereafter	123,925
Total lease payments	405,009
Less: Interest	(48,376)
Present value of lease liabilities	$	356,633