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Leases

12 Months Ended

Dec. 31, 2020

The Company has operating leases for real estate and finance leases for computer equipment and automobiles. These leases have remaining lease terms of one year to seven years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the leases within one year. As of December 31, 2020, the weighted average remaining lease term for the Company's finance leases and operating leases was 1.70 years and 5.76 years, respectively. As of December 31, 2020, the weighted average discount rate for the Company's finance leases and operating leases was 13.9% and 13.5%, respectively.

The components of lease cost were as follows:


	Years Ended December 31,
(In thousands)	2020		2019
Finance lease cost
Amortization of right-of-use assets	$	1,652	$	2,413
Interest on lease liabilities	501		518
Total finance lease cost	$	2,153	$	2,931

Operating lease cost
Fixed lease cost	$	12,057	$	12,556
Short-term lease cost	824		830
Variable lease cost	1,926		1,986
Sublease income	(2,579)		(1,857)
Total operating lease cost	$	12,228	$	13,515

Lease costs, net of sublease income, are reflected in the Consolidated Statements of Operations and Comprehensive Loss as follows:


	Years Ended December 31,
(In thousands)	2020		2019
Amortization of right-of-use assets
Cost of revenues	$	1,212	$	1,771
Selling and marketing	176		258
Research and development	175		253
General and administrative	89		131
Total amortization of right-of-use assets	$	1,652	$	2,413

Operating lease cost
Cost of revenues	$	3,532	$	3,885
Selling and marketing	4,009		4,192
Research and development	2,609		2,595
General and administrative	2,078		2,843
Total operating lease cost	$	12,228	$	13,515

During 2020, the Company recorded an impairment charge related to certain facility leases and associated leasehold improvements. $2.8 million of this charge was recorded against the operating right-of-use assets line item in the Consolidated Balance Sheet.

Supplemental cash flow information related to leases was as follows:


	Years Ended December 31,
(In thousands)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	493	$	471
Operating cash flows from operating leases	11,170		15,546
Right-of-use assets obtained in exchange for lease obligations:
Right-of-use assets obtained in exchange for new finance lease liabilities	$	754	$	4,049
Right-of-use assets obtained in exchange for new operating lease liabilities	669		397

Maturities of operating and finance lease liabilities as of December 31, 2020 were as follows:


(In thousands)	Operating Leases		Finance Leases
2021	$	12,175	$	2,201
2022	9,406		1,108
2023	9,796		167
2024	8,798		—
2025	8,442		—
Thereafter	14,283		—
Total lease payments	62,900		3,476
Less: imputed interest	(19,749)		(343)
Total lease liabilities	43,151		3,133
Less: current lease liabilities	(7,024)		(1,922)
Total non-current lease liabilities	$	36,127	$	1,211

As of December 31, 2020, the Company subleases seven real estate properties. One sublease has a noncancelable term of less than one year. The remaining six subleases are noncancelable and have remaining lease terms of two years to seven years. None of these subleases contain any options to renew or terminate the sublease agreement. Future expected cash receipts from these subleases as of December 31, 2020 were as follows:


(In thousands)	Sublease Receipts
2021	$	2,416
2022	2,430
2023	1,522
2024	1,080
2025	808
Thereafter	1,312
Total expected sublease receipts	$	9,568

Leases

The components of lease cost were as follows:


	Years Ended December 31,
(In thousands)	2020		2019
Finance lease cost
Amortization of right-of-use assets	$	1,652	$	2,413
Interest on lease liabilities	501		518
Total finance lease cost	$	2,153	$	2,931

Operating lease cost
Fixed lease cost	$	12,057	$	12,556
Short-term lease cost	824		830
Variable lease cost	1,926		1,986
Sublease income	(2,579)		(1,857)
Total operating lease cost	$	12,228	$	13,515

Lease costs, net of sublease income, are reflected in the Consolidated Statements of Operations and Comprehensive Loss as follows:


	Years Ended December 31,
(In thousands)	2020		2019
Amortization of right-of-use assets
Cost of revenues	$	1,212	$	1,771
Selling and marketing	176		258
Research and development	175		253
General and administrative	89		131
Total amortization of right-of-use assets	$	1,652	$	2,413

Operating lease cost
Cost of revenues	$	3,532	$	3,885
Selling and marketing	4,009		4,192
Research and development	2,609		2,595
General and administrative	2,078		2,843
Total operating lease cost	$	12,228	$	13,515

Supplemental cash flow information related to leases was as follows:


	Years Ended December 31,
(In thousands)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	493	$	471
Operating cash flows from operating leases	11,170		15,546
Right-of-use assets obtained in exchange for lease obligations:
Right-of-use assets obtained in exchange for new finance lease liabilities	$	754	$	4,049
Right-of-use assets obtained in exchange for new operating lease liabilities	669		397

Maturities of operating and finance lease liabilities as of December 31, 2020 were as follows:


(In thousands)	Operating Leases		Finance Leases
2021	$	12,175	$	2,201
2022	9,406		1,108
2023	9,796		167
2024	8,798		—
2025	8,442		—
Thereafter	14,283		—
Total lease payments	62,900		3,476
Less: imputed interest	(19,749)		(343)
Total lease liabilities	43,151		3,133
Less: current lease liabilities	(7,024)		(1,922)
Total non-current lease liabilities	$	36,127	$	1,211


(In thousands)	Sublease Receipts
2021	$	2,416
2022	2,430
2023	1,522
2024	1,080
2025	808
Thereafter	1,312
Total expected sublease receipts	$	9,568

Leases

The components of lease cost were as follows:


	Years Ended December 31,
(In thousands)	2020		2019
Finance lease cost
Amortization of right-of-use assets	$	1,652	$	2,413
Interest on lease liabilities	501		518
Total finance lease cost	$	2,153	$	2,931

Operating lease cost
Fixed lease cost	$	12,057	$	12,556
Short-term lease cost	824		830
Variable lease cost	1,926		1,986
Sublease income	(2,579)		(1,857)
Total operating lease cost	$	12,228	$	13,515

Lease costs, net of sublease income, are reflected in the Consolidated Statements of Operations and Comprehensive Loss as follows:


	Years Ended December 31,
(In thousands)	2020		2019
Amortization of right-of-use assets
Cost of revenues	$	1,212	$	1,771
Selling and marketing	176		258
Research and development	175		253
General and administrative	89		131
Total amortization of right-of-use assets	$	1,652	$	2,413

Operating lease cost
Cost of revenues	$	3,532	$	3,885
Selling and marketing	4,009		4,192
Research and development	2,609		2,595
General and administrative	2,078		2,843
Total operating lease cost	$	12,228	$	13,515

Supplemental cash flow information related to leases was as follows:


	Years Ended December 31,
(In thousands)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	493	$	471
Operating cash flows from operating leases	11,170		15,546
Right-of-use assets obtained in exchange for lease obligations:
Right-of-use assets obtained in exchange for new finance lease liabilities	$	754	$	4,049
Right-of-use assets obtained in exchange for new operating lease liabilities	669		397

Maturities of operating and finance lease liabilities as of December 31, 2020 were as follows:


(In thousands)	Operating Leases		Finance Leases
2021	$	12,175	$	2,201
2022	9,406		1,108
2023	9,796		167
2024	8,798		—
2025	8,442		—
Thereafter	14,283		—
Total lease payments	62,900		3,476
Less: imputed interest	(19,749)		(343)
Total lease liabilities	43,151		3,133
Less: current lease liabilities	(7,024)		(1,922)
Total non-current lease liabilities	$	36,127	$	1,211


(In thousands)	Sublease Receipts
2021	$	2,416
2022	2,430
2023	1,522
2024	1,080
2025	808
Thereafter	1,312
Total expected sublease receipts	$	9,568