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Lessee Leases | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Lessee Leases | Lessee LeasesThe 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 December 31, 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 Consolidated Balance Sheets was as follows:
| December 31, 2019
| (In thousands)
2020 | $ | 13,573 |
2021 | 13,071 |
2022 | 11,970 |
2023 | 8,487 |
2024 | 7,961 |
Thereafter |  | 19,768 |
Total operating lease payments |  | 74,830 |
Present value adjustment |  | (14,103) |
Total operating lease liabilities (1) | $ | 60,727 |
_________________________________________________ (1) Amount consists of a current and long-term portion of operating lease liabilities of $10.1 million and $50.7 million, respectively. The short-term portion of the operating lease liabilities is included in accrued liabilities in the Consolidated Balance Sheets. 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 $14.6 million for the year ended December 31, 2019. Short-term lease costs and variable lease costs were immaterial for the year ended December 31, 2019. Prior to the adoption of the new lease accounting standard, rent expense was $12.7 million and $11.5 million for the years ended December 31, 2018 and 2017. The following table summarizes supplemental cash flow information related to the Company’s operating leases for the year ended December 31, 2019:
| Year Ended December 31, 2019
| (In thousands) |
Cash paid for amounts included in the measurement of lease liabilities | $ | 14,636 |
Right-of-use assets obtained in exchange for new lease liabilities | $ | 1,204 |
The following table summarizes the weighted-average remaining lease term and weighted-average discount rate related to the Company’s operating leases as of December 31, 2019:
| December 31, 2019
| (In thousands) |
Weighted-average remaining lease term, years | 6.4
Weighted-average discount rate, % | 6.4 | %

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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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