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Leases

12 Months Ended

Dec. 31, 2020

Note 15. Leases

The Company leases office space, cars, distribution centers and equipment under non-cancellable operating lease arrangements with various expiration dates through December 2026. The leases have remaining lease terms of 1 year to 6 years, some of which include options to extend for up to a further 5 years, and some of which include options to terminate prior to completion of the contractual lease term with or without penalties. The Company determines the duration of the lease arrangement giving thought to whether or not it is reasonably certain that the Company will exercise options to extend or terminate the lease arrangement ahead of its contractual term. The leases do not contain any material residual value guarantees.

The components of lease cost were as follows:

	Year Ended December 31,
	2020		2019
	(In thousands)
Operating lease cost	$	10,482	$	11,945
Short-term lease cost ⁽¹⁾		1,702		1,111
Total lease cost ⁽²⁾	$	12,184	$	13,056

⁽¹⁾	Includes variable lease cost, which was immaterial.

⁽²⁾	Included in cost of revenue, sales and marketing, research and development and general and administration in the Company’s consolidated statement of operations.

Prior to the adoption of ASC 842 Leases on January 1, 2019, rent expense in the year ended December 31, 2018 was $9.4 million.

Supplemental cash flow information related to leases was as follows:

	Year Ended December 31,
	2020		2019
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows relating to operating leases	$	12,127	$	11,652

Lease liabilities arising from obtaining right-of-use assets:
Operating leases	$	9,463	$	918

Supplemental balance sheet information related to leases was as follows:

	As of December 31,
	2020			2019
Weighted Average Remaining Lease Term (in years)
Operating leases		4.2			4.5

Weighted Average Discount Rate
Operating leases		4.0	%		3.7	%

As of December 31, 2020, maturities of operating lease liabilities were as follows (in thousands):

	Operating Lease
2021	$	10,209
2022		9,488
2023		6,764
2024		6,105
2025		4,430
Thereafter		796
Total lease payments		37,792
Less imputed interest		(3,131	)
Total	$	34,661