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LEASES (Tables)

6 Months Ended

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		%

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(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

X

- 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

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X

- References

No definition available.

+ Details

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X

- 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

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