LEASES (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2021, and for the three and nine months ended September 30, 2021 (dollars in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
Lease Costs	2021		2020		2021		2020
Operating lease expense	$	21,220	$	22,373	$	64,241	$	63,855
Short-term lease expense	2,871		3,626		5,934		10,225
Total lease expense	$	24,091	$	25,999	$	70,175	$	74,080

	Nine Months Ended September 30,
Other Lease Information	2021		2020
Operating cash flows from operating leases	$	70,997	$	60,569
Right-of-use lease assets obtained in exchange for new lease liabilities	38,028		88,857

Lease Term and Discount Rate	As of September 30, 2021
Weighted average remaining lease term (in years)(1)	6.5
Weighted average discount rate	3.0	%

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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 4.4 years.

Schedule of Maturity of Lease Liabilities

The maturities of lease liabilities as of September 30, 2021, were as follows (in thousands):

Maturity of Lease Liabilities	Operating Leases
Remaining 2021	$	14,165
2022	79,177
2023	65,008
2024	44,974
2025	33,834
Thereafter	112,063
Total lease payments	349,221
Less: Interest	(36,849)
Present value of lease liabilities	$	312,372