LEASES

9 Months Ended

Sep. 30, 2020

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:


	Nine Months Ended September 30,
Lease Cost	2020		2019
	(amounts in thousands)
Operating lease cost	$	36,664	$	37,733
Variable lease cost	7,808		$	7,029
Short-term lease cost	—		$	182
Total lease cost	$	44,472	$	44,944


	Three Months Ended September 30,
Lease Cost	2020		2019
	(amounts in thousands)
Operating lease cost	$	12,351	$	12,682
Variable lease cost	2,610		2,478
Short-term lease cost	—		5
Total lease cost	$	14,961	$	15,165

Supplemental Cash Flow

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended September 30,
Description	2020		2019
	(amounts in thousands)
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases	$	44,572	$	38,991
Right-of-use assets obtained in exchange for lease obligations
Operating leases (1)	$	6,826	$	304,650

(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 nine months ended September 30, 2019.

As of September 30, 2020, the Company has not entered into any leases that have not yet commenced.