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Leases | 3 Months Ended
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Mar. 31, 2021
Leases [Abstract] |
Leases | Leases J2 Global leases certain facilities and equipment under non-cancelable operating and finance leases which expire at various dates through 2031. Office and equipment leases are typically for terms of three to five years and generally provide renewal options for terms up to an additional five years. Some of the Company’s leases include options to terminate within one year. In certain agreements in which the Company leases office space where the Company is the tenant, it subleases the site to various other companies through a sublease agreement. Finance leases are not material to the Company’s Condensed Consolidated Financial Statements and are therefore not included in the disclosures below. The components of lease expense were as follows (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2021 |  | 2020
Operating lease cost |  |  |  |  | $ | 7,023 |  |  | $ | 7,104 |
Short-term lease cost |  |  |  |  | 1,173 |  |  | 445 |
Total lease cost |  |  |  |  | $ | 8,196 |  |  | $ | 7,549 |
Supplemental balance sheet information related to leases was as follows (in thousands):
| March 31, 2021 |  | December 31, 2020
Operating leases |  |  |
Operating lease right-of-use assets | $ | 85,342 |  |  | $ | 105,845 |
Operating lease right-of-use assets classified as assets held for sale | 15,150 |  |  | — |
Total operating lease right-of-use assets | $ | 100,492 |  |  | $ | 105,845 |
Operating lease liabilities, current | $ | 30,330 |  |  | $ | 32,211 |
Operating lease liabilities, current classified as assets held for sale | 2,648 |  |  | — |
Operating lease liabilities, noncurrent | 80,465 |  |  | 99,177 |
Operating lease liabilities, noncurrent classified as assets held for sale | 12,566 |  |  | — |
Total operating lease liabilities | $ | 126,009 |  |  | $ | 131,388 |
Supplemental cash flow information related to leases was as follows (in thousands):
| Three Months Ended March 31,
| 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 8,099 |  |  | $ | 7,411 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |
Operating leases | $ | 920 |  |  | $ | 1,790 |
Other supplemental operating lease information consists of the following:
| March 31, 2021 |  | December 31, 2020
Operating leases: |  |  |
Weighted average remaining lease term | 5.0 years |  | 5.2 years
Weighted average discount rate | 3.94 | % |  | 3.93 | %
Maturities of operating lease liabilities as of March 31, 2021 were as follows (in thousands):
| Operating Leases |  |
Fiscal Year: |  |  |
2021 (remainder) | $ | 25,640 |  |  |
2022 | 30,680 |  |  |
2023 | 25,072 |  |  |
2024 | 18,473 |  |  |
2025 | 10,035 |  |  |
Thereafter | 31,319 |  |  |
Total lease payments | $ | 141,219 |  |  |
Less: Imputed interest | 15,210 |  |  |
Present value of operating lease liabilities | $ | 126,009 |  |  |
Sublease Total sublease income for the three months ended March 31, 2021 and 2020 was $0.4 million and $0.8 million, respectively. Total estimated aggregate sublease income to be received in the future is $4.3 million. Significant Judgments Discount Rate The majority of the J2 Global’s leases are discounted using the Company’s incremental borrowing rate as the rate implicit in the lease is not readily determinable. Rates are obtained from various large banks to determine the appropriate incremental borrowing rate each quarter for collateralized loans with a maturity similar to the lease term. Options The lease term is generally the minimum noncancelable period of the lease. The Company does not include option periods unless the Company determined it is reasonably certain of exercising the option at inception or when a triggering event occurs. Practical Expedients As a practical expedient, the Company has not separated lease components from nonlease components for its real property operating leases. Certain of the Company’s leases contain nonlease components such as maintenance and certain utility costs. In addition, the Company elected and applied the available transition practical expedients upon adoption. By electing these practical expedients, the Company did: •not reassess whether expired or existing contracts contain leases under the new definition of a lease; •not reassess lease classification for expired or existing leases; and •not reassess whether previously capitalized initial direct costs would qualify for capitalization under Topic 842.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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