COMMITMENTS, CONTINGENCIES AND LITIGATION

6 Months Ended

Jun. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS, CONTINGENCIES AND LITIGATION

Capital Leases

During the three months ended June 30, 2017, we entered into several amended agreements for data center space. The lease extensions triggered new lease agreements, with new terms resulting in capital lease treatment for accounting purposes. We recorded property of $147.5 million, net of the deferred rent balance on the previous operating leases, and capital lease obligations of $148.2 million.

As of June 30, 2017, future minimum capital lease payments and the present value of the minimum lease payments for all capital leases are as follows (in thousands):




2017	$13,462
2018	27,573
2019	24,671
2020	20,730
2021	20,361
Thereafter	331,292
Remaining capital lease payments	438,089
Less: amounts representing imputed interest	(240,476	)
Present value of minimum lease payments	197,613
Less: current portion	(11,392	)
	$186,221

Litigation

We are subject to legal proceedings, claims and litigation arising in the ordinary course of business. Although the outcome of these matters is currently not determinable, we do not expect that the ultimate costs to resolve these matters will have a material adverse impact on our financial condition, results of operations or cash flows.