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LEASE | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
LEASE | 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.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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