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LEASES (Tables) | 6 Months Ended
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Jun. 30, 2020
Leases [Abstract] |
Schedule of Lease Expense, Remaining Lease Terms, Discount Rate and Other Information | Information regarding lease expense, remaining lease term, discount rate, and other select lease information is presented below as of June 30, 2020, and for the three and six months ended June 30, 2020 (dollars in thousands):
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |  |  |
Lease Costs | 2020 |  | 2019 |  | 2020 |  | 2019 |  |
Operating lease expense | $ | 21,508 |  |  | $ | 16,957 |  |  | $ | 41,482 |  |  | $ | 33,779 |  |  |
Short-term lease expense | 4,027 |  |  | 3,076 |  |  | 6,599 |  |  | 5,417 |  |  |
Total lease expense | $ | 25,535 |  |  | $ | 20,033 |  |  | $ | 48,081 |  |  | $ | 39,196 |  |  |
| Six Months Ended June 30, |  |
Other Lease Information | 2020 |  | 2019
Operating cash flows from operating leases | $ | 38,655 |  |  | $ | 33,376 |
Right-of-use lease assets obtained in exchange for new lease liabilities | 70,993 |  |  | 26,198 |
Lease Term and Discount Rate | As of June 30, 2020
Weighted average remaining lease term (in years)(1) | 7.1
Weighted average discount rate | 3.3 | %
____________________________________________ (1) The weighted average remaining lease term is significantly impacted by a 15-year lease related to office space in Chicago, IL, that commenced in 2018. Excluding this lease, the weighted average remaining lease term of our agreements is 4.8 years.
Schedule of Maturity of Lease Liabilities | The maturities of lease liabilities as of June 30, 2020, were as follows (in thousands):
Maturity of Lease Liabilities |  | Operating Leases
Remaining 2020 |  | $ | 35,421 |
2021 |  | 76,814 |
2022 |  | 65,473 |
2023 |  | 52,317 |
2024 |  | 34,555 |
Thereafter |  | 126,947 |
Total lease payments |  | 391,527 |
Less: Interest |  | (46,484) |
Present value of lease liabilities |  | $ | 345,043 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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