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LEASES (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Components of Lease Expense
The components of lease expense were as follows:
Lease Cost
For the Years Ended December 31,
20202019
(amounts in thousands)
Operating lease cost$49,061 $50,169 
Variable lease cost
10,575 9,691 
Short-term lease cost— 182 
Total lease cost
$59,636 $60,042 
The following table provides the Company’s rent expense for the periods indicated:
Years Ended December 31,
202020192018
(amounts in thousands)
Rent expense$58,656 $58,947 $53,948 
Supplemental Cash Flow Information Related to Leases Supplemental cash flow information related to leases was as follows:
For the Years Ended December 31,
Description20202019
(amounts in thousands)
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases$53,237 $52,056 
Right-of-use assets obtained in exchange for lease obligations
Operating leases (1)
$11,851 $315,377 
(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 year ended December 31, 2019.
Supplemental Balance Sheet information Related to Leases
Supplemental balance sheet information related to leases was as follows:
DescriptionDecember 31, 2020December 31,
2019
(amounts in thousands)
Operating Leases
Operating leases right-of-use assets$236,903 $259,613 
Operating lease liabilities (current)$40,439 $35,335 
Operating lease liabilities (noncurrent)$229,400 $253,346 
Total operating lease liabilities$269,839 $288,681 

December 31, 2020December 31, 2019
Weighted Average Remaining Lease Term
Operating leases8 years8 years
Weighted Average Discount Rate
Operating leases4.9 %4.9 %
Aggregate Maturities of Lease Liability
The aggregate maturities of the Company’s lease liabilities as of December 31, 2020, are as follows:
Lease Maturities
Operating Leases
(amounts in thousands)
Years ending Years ending December 31:
2021$52,721 
202250,100 
202345,675 
202439,785 
202532,942 
Thereafter
103,121 
Total lease payments
324,344 
Less: imputed interest
(54,505)
Total
$269,839