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LEASES (Notes)
 6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Lessee, Operating Leases [Text Block] LEASES
We have entered into various non-cancellable operating leases for our office and data center spaces with lease periods expiring between 2021 and 2025. The operating lease agreements generally provide for rental payments on a graduated basis and for options to renew, which could increase future minimum lease payments if exercised. We consider a termination or renewal option in the determination of the lease term when it is reasonably certain that we will exercise that option. Lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As our leases generally do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The incremental borrowing rate used is a fully collateralized rate that considers our credit rating, market conditions and the term of the lease at the lease commencement date. The lease right-of-use assets also include any lease payments made and exclude lease incentives such as tenant improvement allowances. Our operating leases typically include non-lease components such as common-area maintenance costs. We have elected to include non-lease components with lease payments for the purpose of calculating lease right-of-use assets and liabilities, to the extent that they are fixed. Non-lease components that are not fixed are expensed as incurred as variable lease payments. Leases with a term of one year or less are not recognized on our condensed consolidated balance sheet. We recognize lease expense for these leases on a straight-line basis over the lease term.
During the first quarter of 2021, we recognized additional right-of-use assets and lease liabilities of $1.1 million and $1.5 million, respectively, which includes $0.2 million of new lease agreements related to data center expansion. Additionally, right-of-use assets and lease liabilities of $0.9 million and $1.3 million, respectively, were recorded upon the acquisition of Dosh and assumption of Dosh's existing lease agreements. During the second quarter of 2021, we recognized additional right-of-use assets and lease liabilities of $2.2 million and $2.2 million, respectively, which includes $1.3 million of new lease agreements related to data center expansion,$0.3 million of new lease agreements related to office space expansion, and $0.1 million related to the modification of pre-existing office space lease agreements. Additionally, right-of-use assets and lease liabilities of $0.5 million and $0.5 million, respectively, were recorded upon the acquisition of Bridg and assumption of Bridg's existing lease agreements. Refer to Note 3 - Business Combinations to our condensed consolidated financial statements for further information.    
During the six months ended June 30, 2020 and 2021, we made cash payments of $1.7 million and $3.5 million, respectively, for operating leases which are included in cash flows used in operating activities in our condensed consolidated statement of cash flows.
The following table summarizes activity related to our leases (in thousands):
Three Months Ended June 30,Six Months Ended
June 30,
 2020202120202021
Operating lease expense$886 $1,401 $1,913 $2,592 
Variable lease expense175 245 472 445 
Short-term lease expense45 25 157 50 

The following table presents our weighted average borrowing rate and weighted average lease term:
 June 30, 2020June 30, 2021
Weighted average borrowing rate3.4 %3.4 %
Weighted average remaining lease term (years)3.82.7
The following table summarizes future maturities of lease liabilities as of June 30, 2021 (in
Lessee, Finance Leases [Text Block] LEASES
We have entered into various non-cancellable operating leases for our office and data center spaces with lease periods expiring between 2021 and 2025. The operating lease agreements generally provide for rental payments on a graduated basis and for options to renew, which could increase future minimum lease payments if exercised. We consider a termination or renewal option in the determination of the lease term when it is reasonably certain that we will exercise that option. Lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As our leases generally do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The incremental borrowing rate used is a fully collateralized rate that considers our credit rating, market conditions and the term of the lease at the lease commencement date. The lease right-of-use assets also include any lease payments made and exclude lease incentives such as tenant improvement allowances. Our operating leases typically include non-lease components such as common-area maintenance costs. We have elected to include non-lease components with lease payments for the purpose of calculating lease right-of-use assets and liabilities, to the extent that they are fixed. Non-lease components that are not fixed are expensed as incurred as variable lease payments. Leases with a term of one year or less are not recognized on our condensed consolidated balance sheet. We recognize lease expense for these leases on a straight-line basis over the lease term.
During the first quarter of 2021, we recognized additional right-of-use assets and lease liabilities of $1.1 million and $1.5 million, respectively, which includes $0.2 million of new lease agreements related to data center expansion. Additionally, right-of-use assets and lease liabilities of $0.9 million and $1.3 million, respectively, were recorded upon the acquisition of Dosh and assumption of Dosh's existing lease agreements. During the second quarter of 2021, we recognized additional right-of-use assets and lease liabilities of $2.2 million and $2.2 million, respectively, which includes $1.3 million of new lease agreements related to data center expansion,$0.3 million of new lease agreements related to office space expansion, and $0.1 million related to the modification of pre-existing office space lease agreements. Additionally, right-of-use assets and lease liabilities of $0.5 million and $0.5 million, respectively, were recorded upon the acquisition of Bridg and assumption of Bridg's existing lease agreements. Refer to Note 3 - Business Combinations to our condensed consolidated financial statements for further information.    
During the six months ended June 30, 2020 and 2021, we made cash payments of $1.7 million and $3.5 million, respectively, for operating leases which are included in cash flows used in operating activities in our condensed consolidated statement of cash flows.
The following table summarizes activity related to our leases (in thousands):
Three Months Ended June 30,Six Months Ended
June 30,
 2020202120202021
Operating lease expense$886 $1,401 $1,913 $2,592 
Variable lease expense175 245 472 445 
Short-term lease expense45 25 157 50 

The following table presents our weighted average borrowing rate and weighted average lease term:
 June 30, 2020June 30, 2021
Weighted average borrowing rate3.4 %3.4 %
Weighted average remaining lease term (years)3.82.7
The following table summarizes future maturities of lease liabilities as of June 30, 2021 (in