Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Components of leases

The components of lease expense are as follows:

	Three Months Ended
	June 30, 2019						June 30, 2020
	Offices		Data Centers		Total		Offices		Data Centers		Total
	(in thousands)
Lease expense	$	8,574	$	6,154	$	14,728	$	7,487	$	6,784	$	14,271
Short term lease expense	523		525		1,048		(69)		(56)		(125)
Variable lease expense	1,821		239		2,060		4		(428)		(424)
Sublease income	(693)		—		(693)		26		—		26
Total operating lease expense	$	10,225	$	6,918	$	17,143	$	7,448	$	6,300	$	13,748

	Six Months Ended
	June 30, 2019						June 30, 2020
	Offices		Data Centers		Total		Offices		Data Centers		Total
	(in thousands)
Lease expense	$	16,914	$	11,341	$	28,255	$	13,801	$	13,320	$	27,121
Short term lease expense	1,448		1,055		2,503		217		—		217
Variable lease expense	1,821		353		2,174		13		88		101
Sublease income	(1,769)		—		(1,769)		(176)		—		(176)
Total operating lease expense	$	18,414	$	12,749	$	31,163	$	13,855	$	13,408	$	27,263

The weighted average remaining lease term and discount rates as of June 30, 2020 are as follows:

	June 30, 2019		June 30, 2020
Weighted average remaining lease term (years)
Offices	5.19		4.28
Data Centers	2.81		2.61
Weighted average discount rate
Offices	2.64	%	2.59	%
Data Centers	1.75	%	1.59	%

Supplemental cash flow information related to our operating leases is as follows for the three months and six month period ended June 30, 2020:

	Three Months Ended
	June 30, 2019		June 30, 2020
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Cash flow for operating activities	$	(13,967)	$	(12,733)
Right of use assets obtained in exchange for new operating lease liabilities	$	594	$	—

	Six Months Ended
	June 30, 2019		June 30, 2020
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Cash flow for operating activities	$	(27,931)	$	(26,781)
Right of use assets obtained in exchange for new operating lease liabilities	$	11,520	$	—

Schedule of future minimum lease payments

As of June 30, 2020, we had future minimum lease payments as follows:

	June 30, 2020
	Offices		Data Centers		Total
	(in thousands)
Remainder of 2020	$	16,037	$	12,530	$	28,567
2021	30,042		19,486		49,528
2022	27,794		10,725		38,519
2023	18,387		4,397		22,784
2024	9,379		2,243		11,622
Thereafter	14,283		375		14,658
Total minimum lease payments	115,922		49,756		165,678
Impact of Discount Rate	(7,500)		(970)		(8,470)
Total Lease Liability	$	108,422	$	48,786	$	157,208

Additional operating lease liabilities and right of use assets

As of June 30, 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	$	12,291	$	7,864
Additional right of use assets	$	9,380	$	7,864

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes restructuring activities as of June 30, 2020 included in other current liabilities on the balance sheet:

	Six Months Ended
	June 30, 2020
	(in thousands)
Restructuring liability - January 1, 2020	$	5,581
Restructuring costs	497
Restructuring costs - non cash items	—
Amount paid	(5,030)
Restructuring liability - June 30, 2020	1,048

The following table summarizes restructuring activities as of June 30, 2020 included in other current liabilities on the balance sheet:

	Six Months Ended
	June 30, 2020
	(in thousands)
Restructuring liability - January 1, 2020	$	510
Restructuring costs	1,133
Amount paid	(1,529)
Restructuring liability - June 30, 2020	114