Commitments and Contingencies Operating Leases The Company leases its office facilities and certain office equipment under various noncancelable operating leases. On August 5, 2016 , the Company entered into an amendment of its lease with Minneapolis 225 Holdings, LLC pursuant to which the Company renewed and extended its existing lease for premises at 225 South Sixth Street in Minneapolis, Minnesota through October 31, 2028 . Renewal terms under the amended lease agreement include a reduction in the area of leased space occupied by the Company of approximately 64,000 square feet and provide for lease incentives of approximately $13.6 million . The lease incentives, which were paid in cash to the Company by the lessor upon closing, are included within deferred rent and accrued liabilities within the Consolidated Balance Sheet and will be recognized ratably as a reduction of rent expense over the term of the lease. The agreement allows the Company to extend the lease for up to two additional five -year terms. The following presents the Company's future minimum lease commitments as of June 30, 2017 , in thousands: 2017 $ 3,873 2018 6,712 2019 5,668 2020 5,233 2021 4,681 2022 and thereafter 32,879 Total $ 59,046 The Company recognizes rent expense on a straight-line basis over the term of the lease, although the lease may include escalation clauses providing for lower payments at the beginning of the lease term and higher payments at the end of the lease term. Cash or lease incentives received from lessors are recognized on a straight-line basis as a reduction to rent expense from the date the Company takes possession of the property through the end of the lease term. The Company includes the short-term and long-term components of the unamortized portion of the lease incentives within accrued liabilities and deferred rent, respectively, on the Consolidated Balance Sheets. Revolving Credit Facility On December 18, 2015 , the Company entered into a secured revolving credit facility (the Facility) with Bank of America,