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LEASES (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Lease Cost
The following summarizes right-of-use assets as of December 31, 2021 and 2020 (in thousands):
December 31, 2021December 31, 2020
Right-of-use assets - operating leases$91,934 $107,509 
Right-of-use assets - finance leases (1)
3,299 21,523 
Total right-of-use assets, gross95,233 129,032 
Less: accumulated depreciation and amortization (46,041)(44,590)
Right-of-use assets, net $49,192 $84,442 
(1)Right-of-use assets for finance leases are included in Property, equipment and software, net on the consolidated balance sheet.
The following table summarizes our lease costs and sublease income for the years ended December 31, 2021, 2020 and 2019 (in thousands):
Year Ended December 31,
202120202019
Financing lease cost:
Amortization of right-of-use assets$3,621 $6,737 $18,922 
Interest on lease liabilities120 522 1,021 
Total finance lease cost3,741 7,259 19,943 
Operating lease cost (1)
25,346 30,870 34,397 
Variable lease cost (2)
6,378 8,143 8,551 
Short-term lease cost83 313 365 
Sublease income, gross (3)
(4,650)(4,693)(5,045)
Total lease cost$30,898 $41,892 $58,211 
(1)Operating lease costs presented as Selling, general and administrative and Restructuring and related charges in the consolidated statements of operations totaled $17.6 million and $7.8 million for the year ended December 31, 2021 and $23.1 million and $7.8 million     for the year ended December 31, 2020.
(2)Variable lease costs presented as Selling, general and administrative and Restructuring and related charges in the consolidated statements of operations totaled $4.7 million and $1.7 million for the year ended December 31, 2021 and $7.0 million and $1.1 million for the year ended December 31, 2020.
(3)Sublease income, gross presented as Selling, general and administrative and Restructuring and related charges in the consolidated statements of operations totaled $0.0 million and $4.6 million for the year ended December 31, 2021 and $1.2 million and $3.5 million for the year ended December 31, 2020.
Schedule of Finance Lease Liabilities
As of December 31, 2021, the future payments under finance leases and operating leases for each of the next five years and thereafter are as follows (in thousands):
Finance LeasesOperating Leases
2022612 35,845 
2023— 26,737 
2024— 19,153 
2025— 16,078 
2026— 1,605 
Thereafter — 82 
Total minimum lease payments612 99,500 
Less: Amount representing interest(12)(8,690)
Present value of net minimum lease payments600 90,810 
Less: Current portion of lease obligations(600)(32,063)
Total long-term lease obligations$— $58,747 
Schedule of Operating Lease Liabilities
As of December 31, 2021, the future payments under finance leases and operating leases for each of the next five years and thereafter are as follows (in thousands):
Finance LeasesOperating Leases
2022612 35,845 
2023— 26,737 
2024— 19,153 
2025— 16,078 
2026— 1,605 
Thereafter — 82 
Total minimum lease payments612 99,500 
Less: Amount representing interest(12)(8,690)
Present value of net minimum lease payments600 90,810 
Less: Current portion of lease obligations(600)(32,063)
Total long-term lease obligations$— $58,747 
Schedule of Weighted-Average Remaining Lease Term and Discount Rate for Leases
As of December 31, 2021, the weighted-average remaining lease term and weighted-average discount rate for our finance leases and operating leases were as follows:
Finance LeasesOperating Leases
Weighted-average lease term1 year3 years
Weighted-average discount rate4.9 %5.4 %
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity
As of December 31, 2021, the future amounts due under subleases for each of the next five years and thereafter are as follows (in thousands):
Subleases
20225,103 
20234,385 
20242,333 
20252,362 
2026197 
Thereafter— 
Total future sublease income $14,380