Leases |
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| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases | Leases The Company leases facilities under non-cancelable operating leases primarily in the United States, South Africa, the United Kingdom and Canada. The Company’s operating leases have remaining lease terms of between one to 11 years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the leases within one year. These options to extend the terms of the Company’s operating leases were not deemed to be reasonably certain of exercise as of lease commencement and are therefore not included in the determination of their respective non-cancelable lease terms. The future lease payments due under non-cancelable operating lease arrangements contain fixed rent increases over the term of the lease. The Company also leases office equipment under non-cancelable leases. The Company did not have any subleases as of December 31, 2019. The components of lease expense consisted of the following for the period presented:
As of December 31, 2019, for the Company’s operating leases, the weighted-average remaining lease term was 7.9 years and the weighted-average discount rate was 12.3%. For the year ended December 31, 2019, cash paid for amounts included in the measurement of operating lease liabilities was $13.5 million. The maturities of operating lease liabilities were as follows:
As of December 31, 2019, the Company has additional operating leases for facilities that have not yet commenced with future minimum lease payments of approximately $93.1 million. These operating leases will commence during fiscal years 2020 and 2021, with lease terms of between four to twelve years. As of December 31, 2018, the future minimum lease payments for operating leases having initial or remaining noncancellable lease terms in excess of one year were as follows (in thousands):
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