The Company has operating leases for office buildings, data centers, office equipment, and vehicles. The Company’s leases have initial terms of one to 12 years. As of September 30, 2019, the Company did not have any additional material operating leases that were entered into, but not yet commenced.

The maturity schedule of future minimum lease payments under operating leases and the reconciliation to the operating lease liabilities reported on the Condensed Consolidated Balance Sheets was as follows:



	September 30, 2019
	(In thousands)
Remaining three months of 2019	$	3,655
2020	13,576
2021	12,966
2022	11,832
2023	8,409
Thereafter	27,585
Total operating lease payments	78,023
Present value adjustment	(15,004		)
Total operating lease liabilities ⁽¹⁾	$	63,019

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Prior to the adoption of the new lease accounting standard, the maturity schedule of future minimum lease payments under operating leases was as follows:



	December 31, 2018
	(In thousands)
2019	$	14,153
2020	13,104
2021	12,729
2022	11,809
2023	8,334
Thereafter	27,289
Total minimum future lease payments	$	87,418

Operating lease costs were $3.7 million and $11.0 million for the three and nine months ended September 30, 2019, respectively. Short-term lease costs and variable lease costs were immaterial for the three and nine months ended September 30, 2019.

The following table summarizes supplemental cash flow information related to the Company’s operating leases for the nine months ended September 30, 2019:



	Nine months ended September 30, 2019
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities	$	11,023
Right-of-use assets obtained in exchange for new lease liabilities	$	957

The following table summarizes the weighted-average remaining lease term and weighted-average discount rate related to the Company’s operating leases as of September 30, 2019:



	September 30, 2019
Weighted-average remaining lease term, years	6.6
Weighted-average discount rate, %	6.4	%