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Leases
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Leases Leases
We have operating leases for corporate offices and data centers ("colocation leases"), and finance leases for networking equipment. Our leases have remaining lease terms of 0.1 years to 6 years, some of which include options to extend the leases. We have elected the short-term lease recognition practical expedient, whereby we will not recognize right-of-use ("ROU") assets or lease liabilities for existing short-term leases.

We also sublease a portion of our corporate office spaces. Our subleases have remaining lease terms of 3 years. Our sublease income was $0.2 million and $0.3 million, respectively, for the three months ended September 30, 2021, and 2020. Our sublease income was $0.7 million and $0.9 million, respectively, for the nine months ended September 30, 2021, and 2020.

The components of lease cost were as follows:

Three months ended September 30,Nine months ended September 30,
2021202020212020
(in thousands)
Operating lease cost:
Operating lease cost$7,018 $5,578 $19,741 $15,670 
Variable lease cost1,806 1,234 4,624 2,590 
Total operating lease costs$8,824 $6,812 $24,365 $18,260 
Finance lease cost:
Amortization of assets under finance lease$4,124 $419 $6,608 $1,827 
Interest524 186 1,259 454 
Total finance lease costs$4,648 $605 $7,867 $2,281 

Other information related to leases was as follows:

Three months ended September 30,Nine months ended September 30,
2021202020212020
(in thousands)
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Payments for operating leases liabilities included in cash from operating activities$6,879 $4,439 $19,735 $12,852 
Payments for finance leases interest included in cash from operating activities$524 $186 $1,259 $454 
Payments for finance leases liabilities included in cash from financing activities$3,985 $1,001 $10,564 $3,901 
Assets obtained in exchange for lease obligations:
Operating leases$12,264 $4,817 $25,745 $15,095 
Finance leases$12,861 $3,510 $28,399 $11,352 
As of September 30,As of December 31,
20212020
Weighted Average Remaining Lease Term (in years)
Operating leases4.444.44
Finance leases2.262.51
Weighted Average Discount Rate
Operating leases5.29 %5.68 %
Finance leases4.92 %5.12 %

As of September 30, 2021, we had undiscounted commitments of $7.0 million for operating leases that have not yet commenced, and therefore are not included in the right-of-use asset or operating lease liability. These operating leases will commence in 2021 with lease terms of 1 year to 6 years.

Future minimum lease payments under non-cancellable leases as of September 30, 2021 were as follows:

Operating LeasesFinance Leases
(in thousands)
Remainder of 2021$7,108 $5,268 
202224,241 19,414 
202317,710 15,930 
202413,337 4,788 
202512,395 — 
Thereafter17,208 — 
Total future minimum lease payments$91,999 $45,400 
Less: imputed interest(9,943)(2,062)
Total liability$82,056 $43,338 
Leases Leases
We have operating leases for corporate offices and data centers ("colocation leases"), and finance leases for networking equipment. Our leases have remaining lease terms of 0.1 years to 6 years, some of which include options to extend the leases. We have elected the short-term lease recognition practical expedient, whereby we will not recognize right-of-use ("ROU") assets or lease liabilities for existing short-term leases.

We also sublease a portion of our corporate office spaces. Our subleases have remaining lease terms of 3 years. Our sublease income was $0.2 million and $0.3 million, respectively, for the three months ended September 30, 2021, and 2020. Our sublease income was $0.7 million and $0.9 million, respectively, for the nine months ended September 30, 2021, and 2020.

The components of lease cost were as follows:

Three months ended September 30,Nine months ended September 30,
2021202020212020
(in thousands)
Operating lease cost:
Operating lease cost$7,018 $5,578 $19,741 $15,670 
Variable lease cost1,806 1,234 4,624 2,590 
Total operating lease costs$8,824 $6,812 $24,365 $18,260 
Finance lease cost:
Amortization of assets under finance lease$4,124 $419 $6,608 $1,827 
Interest524 186 1,259 454 
Total finance lease costs$4,648 $605 $7,867 $2,281 

Other information related to leases was as follows:

Three months ended September 30,Nine months ended September 30,
2021202020212020
(in thousands)
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Payments for operating leases liabilities included in cash from operating activities$6,879 $4,439 $19,735 $12,852 
Payments for finance leases interest included in cash from operating activities$524 $186 $1,259 $454 
Payments for finance leases liabilities included in cash from financing activities$3,985 $1,001 $10,564 $3,901 
Assets obtained in exchange for lease obligations:
Operating leases$12,264 $4,817 $25,745 $15,095 
Finance leases$12,861 $3,510 $28,399 $11,352 
As of September 30,As of December 31,
20212020
Weighted Average Remaining Lease Term (in years)
Operating leases4.444.44
Finance leases2.262.51
Weighted Average Discount Rate
Operating leases5.29 %5.68 %
Finance leases4.92 %5.12 %

As of September 30, 2021, we had undiscounted commitments of $7.0 million for operating leases that have not yet commenced, and therefore are not included in the right-of-use asset or operating lease liability. These operating leases will commence in 2021 with lease terms of 1 year to 6 years.

Future minimum lease payments under non-cancellable leases as of September 30, 2021 were as follows:

Operating LeasesFinance Leases
(in thousands)
Remainder of 2021$7,108 $5,268 
202224,241 19,414 
202317,710 15,930 
202413,337 4,788 
202512,395 — 
Thereafter17,208 — 
Total future minimum lease payments$91,999 $45,400 
Less: imputed interest(9,943)(2,062)
Total liability$82,056 $43,338