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LEASES (Tables) | 3 Months Ended
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Mar. 31, 2022
Leases [Abstract] |
Schedule of Right-of-use Lease Assets and Lease Liabilities | The Company's right-of-use lease assets and lease liabilities at March 31, 2022 and December 31, 2021 were as follows (in thousands):
| Classification |  | March 31, 2022 |  | December 31, 2021
Assets: |  |  |  |  |
Operating lease assets | Operating lease right-of-use assets |  | $ | 49,549 |  |  | $ | 53,147 |
Finance lease assets* | Property and equipment, net |  | 195 |  |  | 287 |
Total leased assets |  |  | $ | 49,744 |  |  | $ | 53,434 |
Liabilities: |  |  |  |  |
Current: |  |  |  |  |
Operating | Operating lease liabilities |  | $ | 16,622 |  |  | $ | 17,403 |
Finance | Accrued expenses and other |  | 398 |  |  | 503 |
Noncurrent: |  |  |  |  |
Operating | Operating lease liabilities, net of current |  | 51,599 |  |  | 55,196 |
Finance | Other long-term liabilities |  | — |  |  | 64 |
Total lease liabilities |  |  | $ | 68,619 |  |  | $ | 73,166 |
* Finance lease assets were recorded net of accumulated depreciation of $1.9 million and $1.8 million at March 31, 2022 and December 31, 2021, respectively.
Schedule of Components of Lease Expense | The components of lease expense for the three months ended March 31, 2022 and 2021 were as follows (in thousands):
|  |  |  |  | Three months ended
|  |  |  |  |  |  | March 31, 2022 |  | March 31, 2021
Operating lease cost* |  |  |  |  |  |  | $ | 4,630 |  |  | $ | 8,837 |
Finance lease cost: |  |  |  |  |  |  |  |  |
Amortization of leased assets |  |  |  |  |  |  | 92 |  |  | 229 |
Interest on lease liabilities |  |  |  |  |  |  | 6 |  |  | 26 |
Short-term lease cost |  |  |  |  |  |  | 3,718 |  |  | 3,292 |
Variable lease costs (costs excluded from minimum fixed lease payments)** |  |  |  |  |  |  | 826 |  |  | 2,158 |
Sublease income |  |  |  |  |  |  | (490) |  |  | (276) |
Net lease cost |  |  |  |  |  |  | $ | 8,782 |  |  | $ | 14,266 |
* Operating lease costs for the three months ended March 31, 2021 included $3.4 million of accelerated amortization for certain assets partially or fully vacated in 2021 with no intent or ability to sublease. No such accelerated amortization was recorded in the three months ended March 31, 2022. ** Variable lease costs for the three months ended March 31, 2021 included an accrual of $1.4 million for all future estimated variable expenses related to certain assets partially or fully vacated with no intent or ability to sublease. No such variable costs were accrued in the three months ended March 31, 2022. Cash flow information related to the Company's leases for the three months ended March 31, 2022 and 2021 was as follows (in thousands):
|  |  | Three months ended
|  |  |  |  | March 31, 2022 |  | March 31, 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |
Operating cash flows for operating leases |  |  |  |  | $ | 5,578 |  |  | $ | 5,561 |
Operating cash flows for finance leases |  |  |  |  | $ | 6 |  |  | $ | 26 |
Financing cash flows for finance leases |  |  |  |  | $ | 198 |  |  | $ | 272 |
Other information related to the Company's leases as of March 31, 2022 and December 31, 2021 was as follows:
| March 31, 2022 |  | December 31, 2021
Weighted average remaining lease term (years): |  |  |
Operating leases | 6.25 |  | 6.25
Finance leases | 0.82 |  | 1.00
Weighted average discount rate: |  |  |
Operating leases | 5.72 | % |  | 5.61 | %
Finance leases | 3.74 | % |  | 4.15 | %
Schedule of Future Minimum Fixed Lease Payments Under Noncancelable Operating Leases | Future minimum fixed lease payments under noncancelable leases at March 31, 2022 were as follows (in thousands):
| March 31, 2022
| Operating |  | Finance
| leases |  | leases
Remainder of 2022 | $ | 15,153 |  |  | $ | 342 |
2023 | 17,802 |  |  | 63 |
2024 | 10,469 |  |  | — |
2025 | 7,539 |  |  | — |
2026 | 6,488 |  |  | — |
2027 and beyond | 24,850 |  |  | — |
Total lease payments | 82,301 |  |  | 405 |
Less: interest | (14,080) |  |  | (7) |
Present value of lease liabilities | $ | 68,221 |  |  | $ | 398 |
Schedule of Future Minimum Fixed Lease Payments Under Noncancelable Finance Leases | Future minimum fixed lease payments under noncancelable leases at March 31, 2022 were as follows (in thousands):
| March 31, 2022
| Operating |  | Finance
| leases |  | leases
Remainder of 2022 | $ | 15,153 |  |  | $ | 342 |
2023 | 17,802 |  |  | 63 |
2024 | 10,469 |  |  | — |
2025 | 7,539 |  |  | — |
2026 | 6,488 |  |  | — |
2027 and beyond | 24,850 |  |  | — |
Total lease payments | 82,301 |  |  | 405 |
Less: interest | (14,080) |  |  | (7) |
Present value of lease liabilities | $ | 68,221 |  |  | $ | 398 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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=123408670&loc=SL77918701-209980 + Details
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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=123408670&loc=SL77918686-209980 + Details
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