Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Components of leases

The components of lease expense are as follows:

	Three Months Ended						Three Months Ended
	March 31, 2019						March 31, 2020
	Offices		Data Centers		Total		Offices		Data Centers		Total
	(in thousands)
Lease expense	$	8,340	$	5,187	$	13,527	$	6,314	$	6,536	$	12,850
Short term lease expense	925		530		1,455		286		56		342
Variable lease expense	—		114		114		9		516		525
Sublease income	(1,076)		—		(1,076)		(202)		—		(202)
Total operating lease expense	$	8,189	$	5,831	$	14,020	$	6,407	$	7,108	$	13,515

The weighted average remaining lease term and discount rates as of March 31, 2020 are as follows:

	March 31, 2019		March 31, 2020
Weighted average remaining lease term (years)
Offices	5.4		4.5
Data Centers	3.0		3.0
Weighted average discount rate
Offices	2.6	%	2.5	%
Data Centers	1.7	%	1.7	%

Supplemental cash flow information related to our operating leases is as follows for the period ended March 31, 2020:

	Three Months Ended
	March 31, 2019		March 31, 2020
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Cash flow for operating activities	$	(13,964)	$	(14,048)
Right of use assets obtained in exchange for new operating lease liabilities	$	10,926	$	—

As of March 31, 2020, we have additional operating leases, that have not yet commenced which will result in additional operating lease liabilities and right of use assets:

	Offices		Data Centers
	(in thousands)
Additional operating lease liabilities	$	11,295	$	7,807
Additional right of use assets	$	8,446	$	7,807

Schedule of future minimum lease payments

As of March 31, 2020, we had future minimum lease payments as follows:

	March 31, 2020
	Offices		Data Centers		Total
	(in thousands)
Remainder of 2020	$	24,813	$	14,251	$	39,064
2021	30,386		14,586		44,972
2022	27,839		10,714		38,553
2023	18,455		4,383		22,838
2024	9,413		2,229		11,642
Thereafter	14,285		373		14,658
Total minimum lease payments	125,191		46,536		171,727
Impact of Discount Rate	(9,748)		(770)		(10,518)
Total Lease Liability	$	115,443	$	45,766	$	161,209