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Leases | 3 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
Leases | 13. Leases Our operating leases expire at various dates through 2037 and are primarily for office space, automobiles, servers, and office equipment. Our headquarters are located at 121 Seaport Boulevard, Boston, Massachusetts. In February 2019, we subleased a portion of our headquarters through June 30, 2022, and received approximately $9.1 million in sublease income over the term of the sublease. In March 2022, we extended the sublease through June 30, 2023, and we will receive $2.9 million in sublease income over the term of the extension. In March 2023, we extended the sublease through January 31, 2024, and we will receive $1.7 million in sublease income over the term of the extension. The components of lease cost reflected in the Consolidated Statement of Operations for the three and six months ended March 31, 2023 and March 31, 2022 were as follows:
(in thousands) |  | Three months ended |  |  | Six months ended |
|  | March 31, 2023 |  |  | March 31, 2022 |  |  | March 31, 2023 |  |  | March 31, 2022 |
Operating lease cost |  | $ | 8,510 |  |  | $ | 8,676 |  |  | $ | 16,564 |  |  | $ | 17,536 |
Short-term lease cost |  |  | 1,724 |  |  |  | 582 |  |  |  | 2,487 |  |  |  | 1,123 |
Variable lease cost |  |  | 2,759 |  |  |  | 2,596 |  |  |  | 5,389 |  |  |  | 5,086 |
Sublease income |  |  | (1,201 | ) |  |  | (1,113 | ) |  |  | (2,386 | ) |  |  | (2,230 | )
Total lease cost |  | $ | 11,792 |  |  | $ | 10,741 |  |  | $ | 22,054 |  |  | $ | 21,515 |
Supplemental cash flow and right-of-use assets information for the three and six months ended March 31, 2023 was as follows:
(in thousands) |  | Three months ended |  |  | Six months ended |
|  | March 31, 2023 |  |  | March 31, 2022 |  |  | March 31, 2023 |  |  | March 31, 2022 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 9,621 |  |  | $ | 9,248 |  |  | $ | 17,883 |  |  | $ | 25,113 |
Financing cash flows from financing leases |  | $ | — |  |  | $ | — |  |  | $ | 217 |  |  | $ | 239 |
Right-of-use assets obtained in exchange for new lease obligations: |  |  |  |  |  |  |  |  |  |  |  |
Operating leases(1) |  | $ | 9,796 |  |  | $ | 6,179 |  |  | $ | 23,596 |  |  | $ | 11,095 |
Financing leases |  | $ | 62 |  |  | $ | — |  |  | $ | 62 |  |  | $ | — |
(1) In the three months ended March 31, 2023, operating right-of-use assets increased by ServiceMax assets of $4.0 million. Supplemental balance sheet information related to the leases as of March 31, 2023 was as follows:
Weighted-average remaining lease term - operating leases | 11.1 years |
Weighted-average remaining lease term - financing leases | 1.5 years |
Weighted-average discount rate - operating leases |  | 5.3 | %
Weighted-average discount rate - financing leases |  | 3.5 | %
Maturities of lease liabilities as of March 31, 2023 are as follows:
(in thousands) |  |  |
Remainder of 2023 |  | $ | 18,329 |
2024 |  |  | 31,366 |
2025 |  |  | 27,225 |
2026 |  |  | 22,688 |
2027 |  |  | 19,639 |
Thereafter |  |  | 152,051 |
Total future lease payments |  | $ | 271,298 |
Less: imputed interest |  |  | (69,671 | )
Total lease liability |  | $ | 201,627 |
As of March 31, 2023 we had operating leases that had not yet commenced. The leases will commence in fiscal 2023 with lease terms of 7 years and we will make future lease payments of approximately $2.8 million.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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