v3.20.2
LEASES
 6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
LEASES LEASES
Leasing Guidance
The Company recognizes the assets and liabilities that arise from leases on the commencement date of the lease. The Company recognizes the liability to make lease payments as a lease liability as well as a right-of-use ("ROU") asset representing the right to use the underlying asset for the lease term, on the condensed consolidated balance sheet.
Lease Expense
The components of lease expense were as follows:
Six Months Ended June 30,
Lease Cost20202019
(amounts in thousands)
Operating lease cost$24,313  $25,051  
Variable lease cost5,198  $4,551  
Short-term lease cost—  $177  
Total lease cost$29,511  $29,779  

Three Months Ended
June 30,
Lease Cost20202019
(amounts in thousands)
Operating lease cost
$12,167  $12,583  
Variable lease cost
2,431  2,499  
Short-term lease cost
—  79  
Total lease cost
$14,598  $15,161  
Supplemental Cash Flow
Supplemental cash flow information related to leases was as follows:
Six Months Ended June 30,
Description20202019
(amounts in thousands)
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases$28,760  $26,167  
Right-of-use assets obtained in exchange for lease obligations
Operating leases (1)
$5,229  $307,844  
(1)ROU assets obtained in exchange for lease obligations in 2019 include transition liabilities upon implementation of the amended leasing guidance, as well as new leases entered into during the six months ended June 30, 2019.
Maturities
The aggregate maturities of the Company’s lease liabilities as of June 30, 2020 are as follows:
Lease Maturities
Operating Leases
(amounts in thousands)
Years ending December 31:
Remainder of 2020$23,982  
202151,099  
202245,441  
202341,344  
202438,006  
Thereafter133,804  
Total lease payments$333,676  
Less: imputed interest$(59,825) 
Total$273,851  
As of June 30, 2020, the Company has not entered into any leases that have not yet commenced.