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LEASES (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Lease Expense
Expense
(in thousands)20202019
Fixed lease costs$20,235 $18,250 
Short-term lease costs1,669 1,291 
Variable lease costs4,470 5,554 
$26,374 $25,095 
Total rent expense under operating leases was $14.9 million for 2018.
Schedule of Right of Use Asset and Lease Liabilities
Right of use assets and lease liabilities
(in thousands)December 31, 2020December 31, 2019
Right of use assets (1)
$67,651 $58,273 
Lease liabilities (2)
$18,541 $15,885 
Long-term lease liabilities$59,053 $52,610 
(1) Represents the Company’s right to use the leased asset during the lease term. Included in other long-term assets. (2) Included in other current liabilities.
Schedule of Weighted Average and Discount Rate
The weighted-average remaining lease term and discount rate for the Company’s leases were:
December 31, 2020December 31, 2019
Weighted-average remaining lease term4.7 years4.0 years
Weighted-average discount rate (1)
5.4 %5.8 %
(1) The rates implicit in most of the Company’s leases are not readily determinable. Therefore the Company uses its incremental borrowing rate as the discount rate when measuring operating lease liabilities. The incremental borrowing rate represents an estimate of the interest rate the Company would incur to borrow an amount equal to the lease payments on a collateralized basis over the lease term in a similar economic environment.
Schedule of Lease Maturities after Adoption of 842
Maturities of lease liabilities are:
(in thousands)December 31, 2020
1 year or less$22,164 
1-2 years21,747 
2-3 years21,599 
3-4 years7,683 
> 4 years14,431 
Total lease payments87,624 
Less: imputed interest (1)(10,030)
Total short and long-term lease liabilities$77,594 
(1) Lease liabilities are measured at the present value of the remaining lease payments using a discount rate determined at lease commencement, unless the discount rate is updated due to a lease reassessment event.
Schedule Of Supplemental Cash Flow Lease Information
Cash flow information
(in thousands)20202019
Cash paid for leases$20,548 $19,727 
Right of use assets recognized for new leases and amendments (non-cash)$24,276 $31,155