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Leases (Notes)

6 Months Ended

Jun. 30, 2020

Leases

The Company has operating leases for data centers, computer infrastructure, corporate offices and certain equipment. These leases have remaining lease terms ranging from 1 year to 13 years. Some of these leases include options to extend for up to 15 years, and some include options to terminate within 1 year.

In February 2020, the Company entered into an agreement with a computer infrastructure vendor which resulted in future consideration to be paid by the Company for services provided. The Company accounted for this agreement as an operating lease and as a result obtained a $1.5 million right-of-use asset in exchange for a new lease liability of the same amount at lease inception.

As of June 30, 2020, the Company did not have any finance leases.

Supplemental information related to leases was as follows (in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Cash paid for amounts included in the measurement of lease liability:
Operating cash flows from operating leases	$	1,973	$	1,866	$	3,600	$	2,882

As of June 30, 2020, maturities of lease liabilities were as follows (in thousands):


Year Ending December 31,	Amount
Remaining 2020	$	3,744
2021	9,106
2022	8,470
2023	4,902
2024	4,952
2025 and thereafter	34,082
Total operating lease payments	65,256
Less: Imputed interest	(23,600)
Less: Anticipated lease incentive	(10,226)
Total operating lease liabilities	$	31,430