LEASE

12 Months Ended

Dec. 31, 2019

NOTE 9:- LEASE

The components of the lease cost for the year ended in December 31, 2019 were as follows:

	Year ended December 31, 2019

Lease cost:
Fixed payment and variable payments that depend on an index or rate	$	16,995
Short-term lease cost		1,031
Total operating lease cost	$	18,026

	Year ended December 31, 2019

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(15,376)
Right-of-use assets obtained in exchange for new operating lease liabilities	$	18,225

Weighted average remaining operating lease term		2.62
Weighted average discount rate operating lease		4.8	%

F - 41

WIX.COM LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

U.S. dollars in thousands (except share and per share data)

NOTE 9:- LEASE (Cont.)

Future minimum lease payments of the operating lease liabilities as of December 31, 2019 were as follows:

Fiscal Years Ending December 31,	Lease Commitments

2020	$	16,927
2021		13,999
2022		12,419
2023		9,735
2024		9,314
After 2025		39,659
Total operating lease payments		102,053
Less:
Imputed interest		18,860
Present value of lease liabilities	$	83,193

Future minimum lease payments of the operating lease liabilities under ASC 840 as of January 1, 2019 were as follows:

Fiscal Years Ending December 31,	Lease Commitments

2019	$	13,385
2020		11,735
2021		7,447
2022		5,456
After 2023		17,807
Total operating lease payments	$	55,830

The Company sublease one of its partial real estate offices.

Lease income relating to lease payments of operating leases was $658 and $640 for the years ended December 31, 2019 and 2018, respectively.

As of December 31, 2019, the Company has an additional operating lease commitment of approximately $114,000 for a new offices in Israel, which has not yet commenced. The operating lease commitment will commence on June, 2022, and on June 2023 with a lease term of approximately ten years.