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LEASES (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Components of Lease Expense
The components of lease expense were as follows:
Three months ended June 30,Six months ended June 30,
2023202220232022
(In thousands)
Operating lease expense (1)
$39,459 $32,359 $77,427 $64,887 
Variable lease expense (1)
10,565 9,768 21,740 19,712 
Total lease expense$50,024 $42,127 $99,167 $84,599 
(1) Excludes short-term lease expense and sublease income, which were immaterial for the periods presented.
Schedule of Weighted Average Remaining Lease Term and Discount Rate
The weighted average remaining lease term and the weighted average discount rate were as follows:
June 30, 2023December 31, 2022
Weighted average remaining lease term (in years)1010
Weighted average discount rate7.0%6.7%
Maturities of Lease Liabilities
The following table summarizes the maturity of lease liabilities as of June 30, 2023:
Operating Leases
(In thousands)
Remainder of 2023$65,902 
2024154,654 
2025143,834 
2026136,610 
2027127,193 
Thereafter667,174 
Total lease payments1,295,367 
Less imputed interest(385,266)
Present value of lease liabilities910,101 
Less current portion of operating lease liabilities
(97,469)
Long-term operating lease liabilities$812,632