Leases

The Company has long-term, non-cancelable operating leases for campuses and other administrative facilities. These leases generally range from one to ten years and may include renewal options to extend the lease term. The Company also subleases certain portions of unused building space to third parties. During the three months ended March 31, 2019, the Company recognized $7.6 million of lease costs.

The components of lease costs were as follows (in thousands except lease term and discount rate):



	For the three months ended March 31,
	2019
Lease cost:
Operating lease cost	$	8,084
Short-term lease cost	233
Sublease income	(722		)
Total lease costs	$	7,595
Other information:
Cash paid for amounts included in the measurement of lease liabilities⁽¹⁾	$	8,552
Weighted-average remaining lease term (years)	5.8
Weighted-average discount rate	4.23		%

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⁽¹⁾Includes $1.3 million related to interest.

Maturities of lease liabilities (in thousands):



Year Ending March 31,
2020	$	30,724
2021	27,021
2022	21,035
2023	12,858
2024	10,326
Thereafter	30,942
Total lease payments⁽¹⁾	$	132,906
Less: interest	(15,943		)
Present value of lease liabilities	$	116,963

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⁽¹⁾Operating lease payments exclude $1.4 million of legally binding minimum payments for leases signed but not yet commenced.

The minimum rental commitments for the Company as of December 31, 2018 were as follows (in thousands):



	Minimum rental commitments⁽¹⁾
2019	$	33,600
2020	28,399
2021	23,485
2022	13,770
2023	10,316
Thereafter	32,745
Total	$	142,315

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⁽¹⁾Amounts are based on the accounting guidance in ASC 840, Leases, that was superseded upon the Company's adoption of ASC 842 on January 1, 2019.