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Leases
3 Months Ended
Mar. 31, 2020
Leases  
Leases

11.Leases

 

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

 

On our balance sheet, we have current and noncurrent lease commitment liabilities of approximately $5.3 million and $8.8,  million, respectively, and corresponding right-of-use assets of approximately $12.6 million at March 31, 2020 for our operating leases.

 

The operating lease cost for the three months ended March 31, 2020 and 2019 was $1.3 million and $1.7 million, respectively. The future maturities of lease liabilities as of March 31, 2020 are as follows (in thousands):

 

 

 

 

 

 

Year

    

 

    

 

2020 (remaining)

 

$

4,620

 

2021

 

 

4,962

 

2022

 

 

3,514

 

2023

 

 

1,493

 

2024

 

 

330

 

Thereafter

 

 

555

 

Total lease payments

 

 

15,474

 

Less: imputed interest

 

 

(1,411)

 

Total lease liability

 

$

14,063

 

 

All of our leases are classified as operating leases. In the three months ended March 31, 2020, the weighted average discount rate used to determine the lease liabilities was 5.3% and the weighted average remaining lease term was 38 months.