Leases (Tables)

3 Months Ended

Mar. 31, 2019

The cumulative effects of the changes made to the Company’s January 1, 2019 consolidated balance sheet were as follows (in thousands):



	December 31, 2018			Adjustments Due to Adoption of New Leasing Standard			January 1, 2019

Assets
Other current assets	$	4,103		$	188		$	4,291
Property and equipment, net	61,511			(25,461		)	36,050
Operating lease right-of-use assets	—			42,010			42,010
Other assets	7,228			147			7,375

Liabilities
Operating lease liabilities, current	$	—		$	6,498		$	6,498
Accrued expenses and other current liabilities	10,908			(2,637		)	8,271
Lease financing obligation, net of current portion	22,987			(22,987		)	—
Operating lease liabilities, net of current portion	—			43,351			43,351
Other liabilities	9,290			(3,651		)	5,639

Stockholders’ Equity
Accumulated deficit	$	(373,482	)	$	(3,690	)	$	(377,172	)

Lease costs

For the three months ended March 31, 2019, the Company recorded operating lease costs, excluding subleases, that were included in the statement of operations as follows:



Operating lease costs recorded within:	Three Months Ended March 31, 2019

Cost of revenue	$	200
Sales and marketing	439
Technology and development	871
General and administrative	634
Total operating lease costs	$	2,144

Future minimum payments under non-cancellable lease obligations

Future undiscounted lease payments for the Company's operating lease liabilities, a reconciliation of these payments to its operating lease liabilities, and related sublease income at March 31, 2019 are as follows (in thousands):



Nine months ended December 31, 2019 and years ended December 31,
2019	$	6,282
2020	8,523
2021	7,152
2022	7,369
2023	7,628
Thereafter	22,561
Total lease payments	$	59,515
Less: imputed interest	(11,065		)
Total lease liabilities (discounted)	$	48,450

Sublease income



Nine months ended December 31, 2019 and year ended December 31,	Sublease Income
2019	$	(1,640	)
2020	(1,299		)
Total sublease income	$	(2,939	)

Future minimum lease payments under previous guidance

As previously disclosed in the Company’s 2018 Annual Report on Form 10-K and under the previous lease accounting standard, future minimum lease payments for the Company's operating leases at December 31, 2018, on an undiscounted basis, were as follows (in thousands):



Years ended December 31,	Lease Commitments		Sublease Income
2019	$	9,220	$	(2,180	)
2020	8,716		(1,282		)
2021	7,145		—
2022	7,362		—
2023	7,621		—
Thereafter	22,532		—
Total minimum lease payments	$	62,596	$	(3,462	)