LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Summary of Lease Costs Recognized Under Topic 842 and Other Information Pertaining to Operating Leases

The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s operating leases for the year ended December 31, 2019:

	For the Year Ended December 31, 2019
	(in thousands)
Lease cost
Operating lease cost	$	10,335
Variable lease cost		3,967
Total lease cost	$	14,302
Other information
Operating lease payments		10,416
Operating lease liabilities arising from obtaining ROU assets		—
Weighted average remaining lease term	5.5
Weighted average discount rate		7.50	%

Summary of Maturities of Lease Liabilities and Reconciliation of Lease Liabilities Recognized Under Topic 842

The following table summarizes maturities of lease liabilities and the reconciliation of lease liabilities as of December 31, 2019:

	As of December 31, 2019
	(in thousands)
2020	$	11,718
2021		12,891
2022		11,080
2023		11,230
2024		11,471
Thereafter		9,654
Total minimum lease payments		68,044
Less: imputed interest		(12,478	)
Total operating lease liabilities	$	55,566
Included in the condensed consolidated balance sheet:
Current portion of lease liabilities within other current liabilities	$	7,846
Lease liabilities		47,720
Total operating lease liabilities	$	55,566

Summary of Aggregate Future Minimum Non-Cancellable Commitments Under Leases

For comparable purposes, aggregate future minimum non-cancellable commitments under leases as of December 31, 2018, are as follows:

	As of December 31, 2018
	(in thousands)
2020	$	11,395
2021		12,558
2022		10,757
2023		10,898
2024		11,128
Thereafter		9,396
Total minimum lease payments	$	66,132