LEASES

6 Months Ended

Jun. 30, 2020

The Company has operating leases for its office facilities, data centers and certain vehicles, as well as finance leases for office equipment. The Company's leases have remaining terms of less than one year to nine years. The leases contain various renewal and termination options. The period that is subject to an option to extend the lease is included in the lease term if it is reasonably certain that the option will be exercised. The period that is subject to an option to terminate the lease is included if it is reasonably certain that the option will not be exercised.

Lease costs related to the Company's operating leases included in the condensed consolidated statements of operations were as follows (in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
Operating lease costs:	2020		2019		2020		2019

Cost of revenues	$	2,846	$	3,152	$	5,740	$	6,390
Software development	1,388		1,027		2,784		1,979
Selling and marketing (excluding customer base amortization)	2,550		2,179		5,089		4,370
General and administrative	1,176		950		2,350		1,242
Total operating lease costs	$	7,960	$	7,308	$	15,963	$	13,981

The impact of lease costs related to finance leases and short-term leases was not material for the three and six months ended June 30, 2020.

Supplemental balance sheet information related to operating leases was as follows (in thousands):


Balance	Balance Sheet Location	June 30, 2020			December 31, 2019




Long-term lease liabilities	Lease and other long-term liabilities	$	112,482		$	120,153


Weighted-average remaining lease term in years		4.5			5.0
Weighted-average discount rate		3.8		%	4.0		%

Balance sheet information related to finance leases was not material as of June 30, 2020.

Supplemental cash flow information related to leases was as follows (in thousands):


	Six Months Ended June 30,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	17,689	$	15,849

ROU assets obtained in exchange for lease obligations:
Operating leases	$	11,124	$	5,585

Maturities of operating lease liabilities at June 30, 2020 were as follows (in thousands):


Remainder of 2020	$	18,935
2021	34,477
2022	32,930
2023	31,433
2024	25,754
Thereafter	13,041
Total lease payments	156,570
Less imputed interest	(13,183)
Present value of lease liabilities	$	143,387