LEASES (Tables)

6 Months Ended

Jun. 30, 2020

LEASES

Summary of components of lease expense

The components of lease expense were as follows (in thousands):

	Three months ended June 30, 2020		Three months ended June 30, 2019		Six months ended June 30, 2020		Six months ended June 30, 2019
Operating lease cost:
Operating lease cost	$	4,029	$	4,151	$	8,076	$	7,667
Short-term lease cost		729		867		1,271		1,578
Variable lease cost		1,540		288		2,343		1,250
Total operating lease cost	$	6,298	$	5,306	$	11,690	$	10,495
Finance lease cost:
Amortization of right-of-use asset	$	522	$	586	$	1,094	$	1,179
Variable costs		186		262		458		558
Total finance lease cost	$	708	$	848	$	1,552	$	1,737

Summary of weighted-average remaining lease term and discount rate

The weighted average remaining lease terms and discount rates as of June 30, 2020 and December 31, 2019 are noted in the table below:

	June 30, 2020		December 31, 2019
Weighted-average remaining lease term
Operating leases		6.2 years		6.5 years
Financing leases		11.8 years		11.7 years
Weighted-average discount rate
Operating leases		5.0%		5.0%
Financing leases		n/a		n/a

Summary of maturities of lease liabilities

Maturities of lease liabilities as of June 30, 2020 were as follows (in thousands):

	Operating Leases
2020 (excluding the six months ended June 30, 2020)	$	7,659
2021		14,279
2022		13,019
2023		10,737
2024		9,638
Thereafter		19,329
Total lease payments		74,661
Less imputed interest		(10,928)
Total	$	63,733

Maturities of lease liabilities as of December 31, 2019 were as follows (in thousands):

	Operating Leases
2020	$	14,526
2021		13,714
2022		12,787
2023		10,713
2024		9,671
Thereafter		18,355
Total lease payments		79,766
Less imputed interest		(12,195)
Total	$	67,571