LEASES

We have operating and finance leases for warehouses, office space, data centers, and certain equipment. Our leases have remaining lease terms of 1 year to 11 years, some of which may include options to extend the leases perpetually, and some of which may include options to terminate the leases within 1 year. We note our finance leases are immaterial to our financial statements as a whole and thus are not discussed below. Variable lease costs include executory costs, such as taxes, insurance, and maintenance.

The following table provides a summary of leases by balance sheet location as of December 31, 2019 (in thousands):



	December 31, 2019
Operating right-of-use assets	$	25,384
Operating lease liability—current	6,603
Operating lease liability—non-current	21,554

The components of lease expense for the year ended December 31, 2019 were as follows (in thousands):



	December 31, 2019
Operating lease cost	$	9,765
Short-term lease cost	96
Variable lease cost	1,848

The following tables provides a summary of other information related to leases for the year ended December 31, 2019 (in thousands, apart from weighted-average lease term and weighted average discount rate):



	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	(10,925	)
Right-of-use assets obtained in exchange for new operating lease liabilities	$	17,947
Derecognition of right-of-use assets due to reassessment of lease term	$	16,855
Weighted-average remaining lease term—operating leases	5.86 years
Weighted-average discount rate—operating leases	8		%

During the three months ended December 31, 2019, we elected the early termination option for one of our existing warehouse leases, resulting in the derecognition of a portion of our right-of-use asset, with a corresponding decrease in our cumulative lease liability.

Maturity of lease liabilities under our non-cancellable operating leases as of December 31, 2019, are as follows (in thousands):



Payments due by period
2020	$	8,639
2021	5,758
2022	5,624
2023	4,684
2024	3,486
Thereafter	7,361
Total lease payments	35,552
Less interest	(7,395		)
Present value of lease liabilities	$	28,157

Information for our leases for the year ended December 31, 2018 under ASC Topic 840, Leases, follows for comparative purposes.

Minimum future payments under all operating leases as of December 31, 2018, were as follows (in thousands):



Payments due by period
2019	$	8,822
2020	7,414
2021	7,654
2022	7,579
2023	6,677
Thereafter	19,571
Total lease payments	$	57,717

Rental expense for operating leases totaled $7.8 million and $9.3 million for the years ended December 31, 2018 and 2017, respectively.