LEASES (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021, and for the three months ended March 31, 2021 (dollars in thousands):

	Three Months Ended March 31,
Lease Costs	2021		2020
Operating lease expense	$	21,562	$	19,974
Short-term lease expense	1,601		2,572
Total lease expense	$	23,163	$	22,546

	Three Months Ended March 31,
Other Lease Information	2021		2020
Operating cash flows from operating leases	$	21,114	$	19,112
Right-of-use lease assets obtained in exchange for new lease liabilities	15,253		60,281

Lease Term and Discount Rate	As of March 31, 2021
Weighted average remaining lease term (in years)(1)	6.7
Weighted average discount rate	3.1	%

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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 4.6 years.

Schedule of Maturity of Lease Liabilities

The maturities of lease liabilities as of March 31, 2021, were as follows (in thousands):

Maturity of Lease Liabilities	Operating Leases
Remaining 2021	$	55,864
2022	73,152
2023	60,689
2024	41,169
2025	31,071
Thereafter	107,345
Total lease payments	369,290
Less: Interest	(40,543)
Present value of lease liabilities	$	328,747