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LEASES (Tables) | 9 Months Ended
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Sep. 30, 2020
Leases [Abstract] |
Schedule of Right-of-use lease assets and lease liabilities | The Company's right-of-use lease assets and lease liabilities at September 30, 2020 and December 31, 2019 were as follows (in thousands):
| Classification |  | September 30, 2020 |  | December 31, 2019
Assets |  |  |  |  |
Operating lease assets | Operating lease right-of-use assets |  | $ | 61,648 |  |  | $ | 36,654 |
Finance lease assets* | Property and equipment, net |  | 1,472 |  |  | 2,420 |
Total leased assets |  |  | $ | 63,120 |  |  | $ | 39,074 |
Liabilities |  |  |  |  |
Current |  |  |  |  |
Operating | Operating lease liabilities |  | $ | 17,757 |  |  | $ | 7,719 |
Finance | Accrued expenses and other |  | 1,229 |  |  | 1,005 |
Noncurrent |  |  |  |  |
Operating | Operating lease liabilities, net of current |  | 51,328 |  |  | 37,202 |
Finance | Other long-term liabilities |  | 868 |  |  | 2,144 |
Total lease liabilities |  |  | $ | 71,182 |  |  | $ | 48,070 |
* Finance lease assets were recorded net of accumulated depreciation of $2.2 million and $2.0 million at September 30, 2020 and December 31, 2019, respectively.
Schedule of Components of lease expense | The components of lease expense for the three and nine months ended September 30, 2020 and 2019 were as follows (in thousands):
|  |  | Three months ended |  | Nine months ended
|  |  | September 30, 2020 |  | September 30, 2019 |  | September 30, 2020 |  | September 30, 2019
Operating lease cost* |  |  | $ | 5,350 |  |  | $ | 2,988 |  |  | $ | 13,911 |  |  | $ | 11,063 |
Finance lease cost |  |  |  |  |  |  |  |  |
Amortization of leased assets |  |  | 291 |  |  | 244 |  |  | 929 |  |  | 732 |
Interest on lease liabilities |  |  | 39 |  |  | 90 |  |  | 141 |  |  | 210 |
Short-term lease cost |  |  | 4,821 |  |  | 4,777 |  |  | 15,945 |  |  | 14,183 |
Variable lease costs (costs excluded from minimum fixed lease payments)** |  |  | 697 |  |  | 1,727 |  |  | 1,969 |  |  | 2,932 |
Sublease income |  |  | (307) |  |  | — |  |  | (871) |  |  | — |
Net lease cost |  |  | $ | 10,891 |  |  | $ | 9,826 |  |  | $ | 32,024 |  |  | $ | 29,120 |
* Operating lease cost for the nine months ended September 30, 2020 included $0.1 million of accelerated amortization for certain assets partially or fully vacated in 2020 with no intent or ability to sublease. The Company did not record accelerated amortization in the three months ended September 30, 2020. Operating lease cost for the three and nine months ended September 30, 2019 included $0.6 million and $3.5 million, respectively, of accelerated amortization for certain assets that were partially or fully vacated in 2019 with no possibility of sublease. ** Variable lease costs for the three and nine months ended September 30, 2019 included $0.9 million and $1.0 million, respectively, accrued for all future estimated variable expenses related to certain assets partially or fully vacated in 2019 with no intent or ability to sublease. No such variable lease costs were accrued in the three and nine months ended September 30, 2020. Cash flow information related to the Company's leases for the nine months ended September 30, 2020 and 2019 was as follows (in thousands):
|  |  | Nine months ended
|  |  |  |  | September 30, 2020 |  | September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |
Operating cash flows for operating leases |  |  |  |  | $ | 13,933 |  |  | $ | 7,850 |
Operating cash flows for finance leases |  |  |  |  | $ | 141 |  |  | $ | 210 |
Financing cash flows for finance leases |  |  |  |  | $ | 971 |  |  | $ | 698 |
Other information related to the Company's leases as of September 30, 2020 and December 31, 2019 was as follows:
| September 30, 2020 |  | December 31, 2019
Weighted average remaining lease term (years) |  |  |
Operating leases | 4.98 |  | 6.73
Finance leases | 1.88 |  | 2.35
Weighted average discount rate |  |  |
Operating leases | 5.55 | % |  | 6.50 | %
Finance leases | 6.65 | % |  | 7.54 | %
Schedule of Future minimum fixed lease payments under noncancelable finance leases | Future minimum fixed lease payments under noncancelable leases at September 30, 2020 and December 31, 2019 were as follows (in thousands):
| September 30, 2020
| Operating |  | Finance
| leases |  | leases
Remainder of 2020 | $ | 5,186 |  |  | $ | 355 |
2021 | 20,048 |  |  | 1,189 |
2022 | 16,699 |  |  | 593 |
2023 | 13,999 |  |  | 73 |
2024 | 7,416 |  |  | — |
2025 and beyond | 16,796 |  |  | — |
Total lease payments | 80,144 |  |  | 2,210 |
Less: interest | (11,059) |  |  | (113) |
Present value of lease liabilities | $ | 69,085 |  |  | $ | 2,097 |
| December 31, 2019
| Operating |  | Finance
| leases |  | leases
2020 | $ | 10,290 |  |  | $ | 1,644 |
2021 | 9,468 |  |  | 1,159 |
2022 | 7,665 |  |  | 581 |
2023 | 7,067 |  |  | — |
2024 | 5,303 |  |  | — |
2025 and beyond | 15,738 |  |  | — |
Total lease payments | 55,531 |  |  | 3,384 |
Less: interest | (10,610) |  |  | (235) |
Present value of lease liabilities | $ | 44,921 |  |  | $ | 3,149 |
Schedule of Future minimum fixed lease payments under noncancelable operating leases | Future minimum fixed lease payments under noncancelable leases at September 30, 2020 and December 31, 2019 were as follows (in thousands):
| September 30, 2020
| Operating |  | Finance
| leases |  | leases
Remainder of 2020 | $ | 5,186 |  |  | $ | 355 |
2021 | 20,048 |  |  | 1,189 |
2022 | 16,699 |  |  | 593 |
2023 | 13,999 |  |  | 73 |
2024 | 7,416 |  |  | — |
2025 and beyond | 16,796 |  |  | — |
Total lease payments | 80,144 |  |  | 2,210 |
Less: interest | (11,059) |  |  | (113) |
Present value of lease liabilities | $ | 69,085 |  |  | $ | 2,097 |
| December 31, 2019
| Operating |  | Finance
| leases |  | leases
2020 | $ | 10,290 |  |  | $ | 1,644 |
2021 | 9,468 |  |  | 1,159 |
2022 | 7,665 |  |  | 581 |
2023 | 7,067 |  |  | — |
2024 | 5,303 |  |  | — |
2025 and beyond | 15,738 |  |  | — |
Total lease payments | 55,531 |  |  | 3,384 |
Less: interest | (10,610) |  |  | (235) |
Present value of lease liabilities | $ | 44,921 |  |  | $ | 3,149 |

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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 -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 + 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 -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 + Details
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