Leases

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases

Leases

The Company has operating leases for data centers, corporate offices, data center equipment, and office equipment. The Company's leases have remaining lease terms of 1 year to 7 years, some of which include options to extend.

The Company's lease expense for the three months ended March 31, 2019 and 2020 consisted entirely of operating leases and amounted to $7.3 million and $6.9 million, respectively. Operating lease payments, which reduced operating cash flows for the three months ended March 31, 2019 and 2020, amounted to $6.7 million and $6.5 million, respectively.

Supplemental balance sheet information related to leases was as follows:

	December 31, 2019		March 31, 2020
			(unaudited)
	(in thousands)
Operating lease right-of-use assets	$	90,519	$	84,878
Operating lease liabilities—short term	21,193		20,309
Operating lease liabilities—long term	78,151		73,340
Total operating lease liabilities	$	99,344	$	93,649

As of March 31, 2020, the weighted-average remaining lease term was 5.19 years and the discount rate for the Company's leases was 6.78%.

Maturities for leases were as follows:

	Operating Leases
	(unaudited)
	(in thousands)
Remainder of 2020	$	20,010
2021	20,644
2022	18,804
2023	17,570
2024	13,828
Thereafter	20,692
Total lease payments	$	111,548
Less: imputed interest	17,899
Total	$	93,649