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COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Components of lease expense
The components of lease expense were as follows:
Year Ended December 31,
(In thousands)202120202019
Finance lease cost
Amortization of right-of-use assets$5,731 $1,935 $27 
Interest on lease liabilities1,018 383 
Operating lease cost31,730 22,551 9,200 
Short-term lease cost628 356 219 
Variable lease cost5,212 2,703 896 
Total lease Cost$44,319 $27,928 $10,344 
Supplemental disclosure of cash flow information related to the Company's cash and non-cash activities with its leases are as follows:
Year Ended December 31,
(In thousands)202120202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$27,461$17,531$9,641
Operating cash flows from finance leases9383811
Finance cash flows from finance leases5,2901,75615
Non-cash investing and financing activities:
Right-of-use assets obtained in exchange for new operating lease liabilities (1)74,36913,26151,030
Right-of-use assets obtained in exchange for new finance lease liabilities5,46020,349237
Weighted-average remaining lease term - operating leases (in years)8.338.759.80
Weighted-average remaining lease term - finance leases (in years)2.953.681.20
Weighted-average discount rate - operating leases6.11 %6.80 %6.80 %
Weighted-average discount rate - finance leases5.36 %5.67 %5.60 %
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(1) For the year ended December 31, 2021, this includes right-of-use assets acquired as part of the business combinations described in Note 19 of $39.6 million. For the year ended December 31, 2019, this includes right-of-use assets obtained from the initial adoption of ASC 842 of $17.9 million.
Operating lease maturity
Maturities of operating lease liabilities on an annual basis as of December 31, 2021 were as follows:
(In thousands)
2022$30,706 
202331,793 
202432,209 
202530,446 
202629,890 
Thereafter106,967 
Total minimum lease payments262,011 
Imputed interest(60,135)
Total$201,876 
Finance lease maturity
Maturities of finance lease liabilities on an annual basis as of December 31, 2021 were as follows (amounts in thousands):
(In thousands)
2022$7,040
20236,930
20245,253
2025911
202651
Thereafter
Total minimum lease payments20,185
Imputed interest(1,449)
Total$18,736