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LEASES (Tables) | 6 Months Ended
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Jun. 30, 2024
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 are presented below (dollars in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
Lease Costs | 2024 |  | 2023 |  | 2024 |  | 2023
Operating lease expense(1) | $ | 26,793 |  |  | $ | 24,773 |  |  | $ | 52,430 |  |  | $ | 49,426 |
Short-term lease expense | 1,521 |  |  | 1,486 |  |  | 2,683 |  |  | 2,900 |
Total lease expense | $ | 28,314 |  |  | $ | 26,259 |  |  | $ | 55,113 |  |  | $ | 52,326 |
___________________________ (1) Operating lease expense for the three and six months ended June 30, 2024, includes $3.9 million of restructuring charges related to rationalization of our facilities footprint including the early termination or abandonment of select office buildings under operating leases. Refer to Note 13, Restructuring, for further discussion related to our 2024 Restructuring Program.
| Six Months Ended June 30,
Other Lease Information | 2024 |  | 2023
Operating cash flows from operating leases | $ | 48,649 |  |  | $ | 47,360 |
Right-of-use lease assets obtained in exchange for new lease liabilities | 46,526 |  |  | 14,204 |
Lease Term and Discount Rate | As of June 30, 2024 |  | As of December 31, 2023
Weighted average remaining lease term (in years) | 5.8 |  | 5.9
Weighted average discount rate | 4.1 | % |  | 3.9 | %
Schedule of Maturity of Lease Liabilities | The maturities of lease liabilities as of June 30, 2024, were as follows (in thousands):
Maturity of Lease Liabilities |  | Operating Leases
Remaining 2024 |  | $ | 40,854 |
2025 |  | 90,514 |
2026 |  | 77,195 |
2027 |  | 61,100 |
2028 |  | 45,774 |
Thereafter |  | 107,249 |
Total lease payments |  | 422,686 |
Less: Interest |  | (48,999) |
Present value of lease liabilities |  | $ | 373,687 |

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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