6.	Leases

Capital Lease and Other Financing Obligations

Atlanta 1 Capital Lease

In May 2015, the Company entered into a lease amendment to extend the lease term of the Company’s Atlanta 1 IBX (the “AT1 Lease”). The lease was originally accounted for as an operating lease. Pursuant to the accounting standard for leases, the Company reassessed the lease classification of the AT1 Lease as a result of the lease amendment and determined that upon the amendment the lease should be accounted for as a capital lease. The Company recorded a capital lease asset and liability totaling approximately $21,274,000 during the three months ended June 30, 2015. The lease term was extended to September 2035.

Atlanta 2 Capital Lease

In January 2015, the Company entered into a lease amendment to extend the lease term of the Company’s Atlanta 2 IBX (the “AT2 Lease”). The lease was originally accounted for as an operating lease. Pursuant to the accounting standard for leases, the Company reassessed the lease classification of the AT2 Lease as a result of the lease amendment and determined that upon the amendment the lease should be accounted for as a capital lease. The Company recorded a capital lease asset totaling approximately $25,960,000 and a capital lease liability totaling approximately $26,230,000 during the three months ended March 31, 2015. The lease term, including a renewal option, was extended to December 2024.

Maturities of Capital Lease and Other Financing Obligations

The Company’s capital lease and other financing obligations are summarized as follows (in thousands):


	Capital lease obligations			Other financing obligations (1)			Total
2015 (3 months remaining)	$	18,735		$	13,638		$	32,373
2016		68,032			55,761			123,793
2017		70,086			58,794			128,880
2018		72,151			60,231			132,382
2019		74,063			58,412			132,475
Thereafter		904,734			559,075			1,463,809

Total minimum lease payments		1,207,801			805,911			2,013,712
Plus amount representing residual property value		—			408,683			408,683
Less estimated building costs		—			(4,580	)		(4,580	)
Less amount representing interest		(573,481	)		(618,978	)		(1,192,459	)

Present value of net minimum lease payments		634,320			591,036			1,225,356
Less current portion		(18,399	)		(8,376	)		(26,775	)

	$	615,921		$	582,660		$	1,198,581

1.	Other financing obligations are primarily build-to-suit lease obligations.