LEASES

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

LEASES

LEASES

The Company has various non-cancelable operating leases for its offices and data centers. These arrangements have remaining lease terms ranging from one to 12 years. Certain lease agreements contain renewal options, termination rights, rent abatement, and/or escalation clauses with renewal terms that can extend the lease term, generally from one to five years.

The components of lease cost related to the Company's operating leases is as follows:

	Six Months Ended
	June 30,
	2020		2019
	(in thousands)
Operating lease cost	$	8,843	$	7,632
Sublease income	(2,044)		(1,685)
Net lease cost	$	6,799	$	5,947

Supplemental cash flow information related to leases, including leases acquired in business combinations, is as follows:

	Six Months Ended
	June 30,
	2020		2019
	(in thousands)
Cash paid for operating leases	$	6,402	$	5,700
Right-of-use assets obtained in exchange for lease obligations	17,762		5,452

Supplemental balance sheet information related to the Company's operating leases is as follows:

	June 30, 2020		December 31, 2019
Weighted-average remaining lease term	4.5 years		6.0 years
Weighted-average incremental borrowing rate	3.5	%	3.3	%

Maturities of the Company’s operating lease liabilities at June 30, 2020 are as follows (in thousands):

2020 – remaining period	$	11,889
2021	20,502
2022	19,585
2023	18,503
2024	9,195
Thereafter	22,595
Total lease payments	102,269
Less: Imputed interest1	(14,952)
Present value of operating lease liabilities	$	87,317
1 Calculated using the incremental borrowing rate for each lease.