COMMITMENTS, CONTINGENCIES AND LITIGATION

9 Months Ended

Sep. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS, CONTINGENCIES AND LITIGATION

Capital Leases

During the nine months ended September 30, 2017, we entered into 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 $169.4 million, net of the deferred rent balance on the previous operating leases, included in "Property and equipment, net" in the accompanying consolidated balance sheets and capital lease obligations of $172.0 million.

As of September 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	$7,530
2018	31,062
2019	28,546
2020	24,432
2021	23,970
Thereafter	365,284
Remaining capital lease payments	480,824
Less: amounts representing imputed interest	(262,168	)
Present value of minimum lease payments	218,656
Less: current portion	(11,729	)
	$206,927

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.