Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Components of leases

The components of lease expense are as follows:

	Three Months Ended
	September 30, 2019						September 30, 2020
	Offices		Data Centers		Total		Offices		Data Centers		Total
	(in thousands)
Lease expense	$	8,515	$	6,086	$	14,601	$	6,969	$	7,199	$	14,168
Short term lease expense	496		518		1,014		115		—		115
Variable lease expense	406		605		1,011		307		22		329
Sublease income	(769)		—		(769)		(338)		—		(338)
Total operating lease expense	$	8,648	$	7,209	$	15,857	$	7,053	$	7,221	$	14,274

	Nine Months Ended
	September 30, 2019						September 30, 2020
	Offices		Data Centers		Total		Offices		Data Centers		Total
	(in thousands)
Lease expense	$	27,077	$	17,427	$	44,504	$	20,770	$	20,519	$	41,289
Short term lease expense	1,944		1,573		3,517		332		—		332
Variable lease expense	458		958		1,416		320		110		430
Sublease income	(2,538)		—		(2,538)		(514)		—		(514)
Total operating lease expense	$	26,941	$	19,958	$	46,899	$	20,908	$	20,629	$	41,537

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

	September 30, 2019		September 30, 2020
Weighted average remaining lease term (years)
Offices	4.98		3.78
Data Centers	2.64		2.46
Weighted average discount rate
Offices	2.65	%	1.99	%
Data Centers	1.82	%	1.62	%

Supplemental cash flow information related to our operating leases is as follows for the three and nine months ended September 30, 2020:

	Three Months Ended
	September 30, 2019		September 30, 2020
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Cash flow for operating activities	$	(12,885)	$	(20,070)
Right of use assets obtained in exchange for new operating lease liabilities	$	4,194	$	9,792

	Nine Months Ended
	September 30, 2019		September 30, 2020
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Cash flow for operating activities	$	(40,816)	$	(46,851)
Right of use assets obtained in exchange for new operating lease liabilities	$	15,714	$	9,792

Schedule of future minimum lease payments

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

	September 30, 2020
	Offices		Data Centers		Total
	(in thousands)
Remainder of 2020	$	7,281	$	6,369	$	13,650
2021	28,738		20,914		49,652
2022	27,271		10,809		38,080
2023	17,463		4,411		21,874
2024	8,220		2,258		10,478
Thereafter	9,556		378		9,934
Total minimum lease payments	98,529		45,139		143,668
Impact of Discount Rate	(2,876)		(1,542)		(4,418)
Total Lease Liability	$	95,653	$	43,597	$	139,250

Additional operating lease liabilities and right of use assets

As of September 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	$	—	$	8,015
Additional right of use assets	$	—	$	8,015