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COMMITMENTS AND CONTINGENCIES (Tables) | 12 Months Ended
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Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract] |
Components of lease expense | The components of lease expense were as follows:
|  | Year Ended December 31,
(In thousands) |  | 2023 |  | 2022 |  | 2021
Finance lease cost |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 3,845 |  |  | $ | 4,612 |  |  | $ | 5,731 |
Interest on lease liabilities |  | 800 |  |  | 808 |  |  | 1,018 |
Operating lease cost |  | 36,576 |  |  | 36,291 |  |  | 31,730 |
Short-term lease cost |  | 750 |  |  | 476 |  |  | 628 |
Variable lease cost |  | 8,449 |  |  | 7,985 |  |  | 5,212 |
Total lease Cost |  | $ | 50,420 |  |  | $ | 50,172 |  |  | $ | 44,319 |
Supplemental disclosure of cash flow information related to the Company's cash and non-cash activities with its leases are as follows:
|  | Year Ended December 31,
(In thousands) |  | 2023 |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 39,301 |  | $ | 33,448 |  | $ | 27,461
Operating cash flows from finance leases |  | 783 |  | 699 |  | 938
Finance cash flows from finance leases |  | 3,569 |  | 4,345 |  | 5,290
Non-cash investing and financing activities: |  |  |  |  |  |
Right-of-use assets obtained in exchange for new operating lease liabilities (1) |  | 4,986 |  | 24,572 |  | 74,369
Right-of-use assets obtained in exchange for new finance lease liabilities |  | 5,443 |  | 11,276 |  | 5,460
Weighted-average remaining lease term - operating leases (in years) |  | 6.87 |  | 7.43 |  | 8.33
Weighted-average remaining lease term - finance leases (in years) |  | 2.80 |  | 3.27 |  | 2.95
Weighted-average discount rate - operating leases |  | 6.59 | % |  | 6.37 | % |  | 6.11 | %
Weighted-average discount rate - finance leases |  | 7.43 | % |  | 6.60 | % |  | 5.36 | %
_________________________________ (1) This includes an insignificant amount of right-of-use assets acquired as part of the business combinations described in Note 18 for the years ended December 31, 2023 and 2022, and $39.6 million for the year ended December 31, 2021.
Operating lease maturity | Maturities of operating lease liabilities on an annual basis as of December 31, 2023 were as follows:
(In thousands) |  |
2024 |  | $ | 39,476 |
2025 |  | 36,660 |
2026 |  | 34,851 |
2027 |  | 34,226 |
2028 |  | 27,901 |
Thereafter |  | 66,634 |
Total minimum lease payments |  | 239,748 |
Imputed interest |  | (49,299) |
Total |  | $ | 190,449 |
Finance lease maturity | Maturities of finance lease liabilities on an annual basis as of December 31, 2023 were as follows (amounts in thousands):
(In thousands) |  |
2024 |  | $ | 5,044
2025 |  | 4,552
2026 |  | 2,797
2027 |  | 827
2028 |  | —
Thereafter |  | —
Total minimum lease payments |  | 13,220
Imputed interest |  | (1,279)
Total |  | $ | 11,941

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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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