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COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS (Tables)
6 Months Ended
Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
Lease term and assumption
Information about our lease terms and our discount rate assumption is as follows:
 
 
As of
June 30, 2020
 
 
 
Weighted average remaining lease term (in years)
 
3.37

Weighted average discount rate
 
6.99
%

Lease activity during period
Our lease activity during the period is as follows:
 
 
Three months ended
 June 30,
 
Six months ended
 June 30,
(in thousands)
 
2020
 
2019
 
2020
 
2019
 
 
 
 
 
 
 
 
 
Operating lease costs:
 
 
 
 
 
 
 
 
Selling, general and administrative expense
 
$
2,529

 
$
3,050

 
$
4,810

 
$
6,616

Cost of revenue
 
635

 
743

 
1,269

 
1,712

 
 
 
 
 
 
 
 
 
Cash used in operating activities for amounts included in the measurement of lease liabilities
 
$
3,447

 
$
3,720

 
$
6,758

 
$
8,457

Short-term (less than one year) lease costs
 
1,222

 
1,152

 
2,427

 
2,309


Maturities of operating lease liabilities
Maturities of our lease liabilities as of June 30, 2020 are as follows:
(in thousands)
 
Operating lease obligations
 
 
 
2020
 
$
5,652

2021
 
8,056

2022
 
5,630

2023
 
4,582

2024
 
2,863

Thereafter
 
599

Total lease payments
 
27,382

Less: interest
 
(3,058
)
 
 
 
Present value of lease liabilities
 
$
24,324