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Leases
9 Months Ended
Sep. 30, 2019
Leases  
Leases

12.Leases

 

We have operating leases for office facilities and data centers. Our leases have remaining lease terms of less than one year to approximately five 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. 

 

The operating lease cost for the three months ended September 30, 2019 and 2018 was $1.3 million and $1.7 million, respectively.  The operating lease cost for the nine months ended September 30, 2019 and 2018 was $4.7 million and $5.1 million, respectively. The future maturities of lease liabilities as of September  30, 2019 are as follows (in thousands):

 

 

 

 

 

 

Year

    

 

    

 

2019 (remaining)

 

$

1,738

 

2020

 

 

6,071

 

2021

 

 

4,629

 

2022

 

 

3,261

 

2023

 

 

1,242

 

Thereafter

 

 

79

 

Total lease payments

 

 

17,020

 

Less: imputed interest

 

 

(1,327)

 

Total lease liability

 

$

15,693

 

 

All of our leases are classified as operating leases. In the three months ended September 30, 2019, the weighted average discount rate used to determine the lease liabilities was 5.0% and the weighted average remaining lease term was 36 months.

 

As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting standard, future minimum lease payments for operating leases having initial or remaining noncancellable lease terms in excess of one year were as follows as of December 31, 2018 (in thousands):

 

 

 

 

 

Year

    

 

    

2019

 

$

7,144

2020

 

 

5,553

2021

 

 

4,083

2022

 

 

3,074

2023

 

 

1,163

Total

 

$

21,017