LEASES

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

LEASES

LEASES

Leasing Guidance

The Company recognizes the assets and liabilities that arise from leases on the commencement date of the lease. The Company recognizes the liability to make lease payments as a lease liability as well as a right-of-use ("ROU") asset representing the right to use the underlying asset for the lease term, on the condensed consolidated balance sheet.

Lease Expense

The components of lease expense were as follows:

	Six Months Ended June 30,
Lease Cost	2020		2019
	(amounts in thousands)
Operating lease cost	$	24,313	$	25,051
Variable lease cost	5,198		$	4,551
Short-term lease cost	—		$	177
Total lease cost	$	29,511	$	29,779

	Three Months Ended June 30,
Lease Cost	2020		2019
	(amounts in thousands)
Operating lease cost	$	12,167	$	12,583
Variable lease cost	2,431		2,499
Short-term lease cost	—		79
Total lease cost	$	14,598	$	15,161

Supplemental Cash Flow

Supplemental cash flow information related to leases was as follows:

	Six Months Ended June 30,
Description	2020		2019
	(amounts in thousands)
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases	$	28,760	$	26,167
Right-of-use assets obtained in exchange for lease obligations
Operating leases (1)	$	5,229	$	307,844

(1)ROU assets obtained in exchange for lease obligations in 2019 include transition liabilities upon implementation of the amended leasing guidance, as well as new leases entered into during the six months ended June 30, 2019.

Maturities

The aggregate maturities of the Company’s lease liabilities as of June 30, 2020 are as follows:

	Lease Maturities
	Operating Leases
	(amounts in thousands)
Years ending December 31:
Remainder of 2020	$	23,982
2021	51,099
2022	45,441
2023	41,344
2024	38,006
Thereafter	133,804
Total lease payments	$	333,676
Less: imputed interest	$	(59,825)
Total	$	273,851

As of June 30, 2020, the Company has not entered into any leases that have not yet commenced.