Leases

6 Months Ended

Jun. 30, 2019

The following table is a summary of the Company’s operating lease costs for the three and six months ended June 30, 2019 (in thousands, except years and rates):



	For the Three Months Ended June 30, 2019								For the Six Months Ended June 30, 2019
	Real Estate Arrangements			Co-location Arrangements		Total			Real Estate Arrangements			Co-location Arrangements		Total
Operating lease cost	$	14,166		$	23,944	$	38,110		$	28,989		$	46,940	$	75,929
Short-term lease cost	103			3,772		3,875			205			7,188		7,393
Variable lease cost	3,670			5,354		9,024			7,038			9,716		16,754
Sublease income	(919		)	—		(919		)	(1,952		)	—		(1,952		)
Total operating lease costs	$	17,020		$	33,070	$	50,090		$	34,280		$	63,844	$	98,124

Lease costs for real estate arrangements is included in general and administrative expenses in the consolidated statements of income. Lease costs for co-location arrangements is primarily included in cost of revenue.

At June 30, 2019, the real estate arrangements weighted average remaining lease term and weighted average discount rate for operating leases was 10.1 years and 4.1%, respectively. At June 30, 2019, the co-location arrangements weighted average remaining lease term and weighted average discount rate for operating leases was 3.2 years and 2.9%, respectively.

Maturities of operating lease liabilities as of June 30, 2019 were as follows (in thousands):



	Real Estate Arrangements		Co-location Arrangements
Remainder of 2019	$	25,754	$	44,924
2020	47,080		24,224
2021	43,223		9,167
2022	39,188		5,571
2023	37,826		3,850
Thereafter	196,659		9,902
Total lease payments	389,730		97,638
Less: imputed interest	86,873		5,273
Total lease liabilities	$	302,857	$	92,365

As of June 30, 2019, the Company has additional operating leases, primarily for real estate facilities, that have not yet commenced of $553.3 million. The majority of these operating leases will commence in 2019 and have a term of 15 years.

The minimum aggregate future obligations under non-cancelable operating leases, including real estate and co-location arrangements, and bandwidth commitments as of December 31, 2018 were as follows (in thousands):



	Real Estate Arrangements		Bandwidth and Co-location Arrangements
2019	$	54,561	$	138,777
2020	78,683		24,420
2021	75,991		8,463
2022	72,579		5,233
2023	70,101		2,156
Thereafter	599,339		3,709
Total	$	951,254	$	182,758