Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

Note 7 – Leases

The components of lease expense were as follows (in thousands):

	Year Ended
	December 31, 2019
Operating lease cost	$	15,005
Short-term lease cost		498
Variable lease cost		5,318
Sublease income		(205	)
Total lease cost	$	20,616

Additional lease information is summarized in the following table (in thousands, except lease term and discount rate):

	Year Ended
	December 31, 2019
Cash paid for amounts included in the measurement of operating    lease liabilities	$	10,953
Operating right-of-use assets obtained in exchange for lease    obligations	$	18,497
Weighted-average remaining lease term - operating leases (years)		6.4
Weighted-average discount rate - operating leases		5.1	%

Future minimum lease payments under non-cancellable leases as of December 31, 2019 are as follows (in thousands):

2020	$	15,904
2021		14,092
2022		13,577
2023		13,073
2024		12,673
Thereafter		23,936
Total lease payments		93,255
Less imputed interest		(13,985	)
Present value of lease liabilities	$	79,270

Lease balances are as follows (in thousands):

	As of
	December 31, 2019
Operating lease right-of-use assets	$	69,100
Short-term operating lease liabilities (1)	$	12,208
Non-current operating lease liabilities		67,062
Total operating lease liabilities	$	79,270

(1) Included in accrued expenses and other current liabilities in the Consolidated Balance Sheets.

The Company’s leases do not contain residual value guarantees, material restrictions or covenants, and all sublease transactions are not material.

The Company incurred $0.4 million of ROU asset impairments during the year ended December 31, 2019 related to facility leases from the SiriusDecisions acquisition. These impairments are included in acquisition and integrations costs in the Consolidated Statements of Income (Loss).