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Leases
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases Leases
The Company has operating leases for corporate offices and data centers with initial lease terms ranging from one to 10 years. The following is a summary of lease right-of-use assets and lease liabilities related to operating leases as of December 31, 2022 and 2021:
December 31,
20222021
(in thousands)
Operating lease right-of-use assets$24,933 $20,496 
Operating lease liabilities$27,943 $24,331 
Activity related to the Company’s leases for the years ended December 31, 2022, 2021 and 2020 is as follows:
Year Ended
December 31,
202220212020
(in thousands)
Operating lease expense included as a component of occupancy expense on the accompanying consolidated statements of income$10,842 $10,624 $10,439 
Cash paid for amounts included in the measurement of operating lease liability$11,940 $11,736 $12,060 
At December 31, 2022 and 2021, the weighted average borrowing rate and weighted average remaining lease term are as follows:
December 31,
20222021
Weighted average borrowing rate2.9 %2.8 %
Weighted average remaining lease term (years)3.34.4
The following table presents the future minimum lease payments and the maturity of lease liabilities as of December 31, 2022:
Amount
(in thousands)
2023$11,913 
20248,124 
20253,508 
20262,833 
20272,841 
Thereafter152 
Total future lease payments29,371 
Less imputed interest(1,428)
Lease liability$27,943 
As of December 31, 2022 and 2021, one U.S. lease was secured by a $0.5 million letter of credit issued under the Company’s Credit Facility (as defined in Note 17 – Commitments and Contingencies). As of December 31 2020, this lease was secured by a letter of credit in the amount of $1.2 million, which was guaranteed by Refinitiv and during the year ended December 31, 2021, was replaced with the letter of credit issued under the Company’s Credit Facility.