Leasing Operations

3 Months Ended

Mar. 31, 2021

Leasing Operations

Leasing Operations

Note 10. Leasing Operations

The Company has operating leases for facilities, hosting co-location facilities and certain equipment under non-cancelable leases in the United States and various international locations. The leases have remaining lease terms of 1 to 11 years, with options to extend the lease term from 1 to 6 years. At the inception of an arrangement, the Company determines whether the arrangement is or contains a lease based on the arrangement covering the right to use property, plant or equipment for a stated period of time. For new and amended leases beginning in 2020 and after, the Company will separately allocate the lease (e.g., fixed lease payments for right-to-use land, building, etc.) and non-lease components (e.g., common area maintenance) for its leases.

Operating Leases

The Company leases office space under non-cancelable operating leases in the United States and various international locations. As of March 31, 2021, the future minimum lease payments under non-cancelable operating leases are as follows (in thousands):

	As of
Operating Leases:	March 31, 2021
2021	$	14,589
2022		14,167
2023		12,840
2024		7,962
2025		5,744
2026		4,006
Total future minimum payments	$	59,308

The Company rents its systems to certain qualified customers under arrangements that qualify as either sales-type lease or operating lease arrangements. Leases have terms that generally range from two to five years.