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Leases
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Leases LeasesThe Company’s operating leases consist of office facilities, office equipment, and automobiles. As of September 30, 2023, the Company’s leases have remaining terms of less than one year to ten years, some of which include one or more options to renew, with renewal terms from one year to five years and some of which include options to terminate the leases from less than one year to five years.
The components of operating lease cost reflected in the consolidated statements of operations were as follows:
Three Months EndedNine Months Ended
September 30,September 30,
2023202220232022
Operating lease cost (1)
$4,312 $4,703 $13,474 $15,651 
Variable lease cost1,133 1,115 3,481 3,356 
Short-term lease cost— — 16 
Total operating lease cost$5,445 $5,824 $16,955 $19,023 
(1)Operating lease cost includes rent cost related to operating leases for office facilities of $4,180 and $4,553 for the three months ended September 30, 2023 and 2022, respectively, and $12,926 and $15,120 for the nine months ended September 30, 2023 and 2022, respectively.
Supplemental operating cash flow and other information related to leases was as follows:
Nine Months Ended
September 30,
20232022
Cash paid for operating leases included in operating cash flows$13,830 $14,295 
Right-of-use assets obtained in exchange for new operating lease liabilities (1)
$14,794 $7,763 
(1)Right‑of‑use assets obtained in exchange for new operating lease liabilities does not include the impact from acquisitions of $397 and $1,237 for the nine months ended September 30, 2023 and 2022, respectively.
The weighted average remaining lease term for operating leases was 4.7 years and 3.9 years as of September 30, 2023 and December 31, 2022, respectively. The weighted average discount rate was 4.6% and 3.4% as of September 30, 2023 and December 31, 2022, respectively.
As of September 30, 2023, the Company had additional minimum operating lease payments of $961 for executed leases that have not yet commenced, primarily for office locations.
Leases LeasesThe Company’s operating leases consist of office facilities, office equipment, and automobiles. As of September 30, 2023, the Company’s leases have remaining terms of less than one year to ten years, some of which include one or more options to renew, with renewal terms from one year to five years and some of which include options to terminate the leases from less than one year to five years.
The components of operating lease cost reflected in the consolidated statements of operations were as follows:
Three Months EndedNine Months Ended
September 30,September 30,
2023202220232022
Operating lease cost (1)
$4,312 $4,703 $13,474 $15,651 
Variable lease cost1,133 1,115 3,481 3,356 
Short-term lease cost— — 16 
Total operating lease cost$5,445 $5,824 $16,955 $19,023 
(1)Operating lease cost includes rent cost related to operating leases for office facilities of $4,180 and $4,553 for the three months ended September 30, 2023 and 2022, respectively, and $12,926 and $15,120 for the nine months ended September 30, 2023 and 2022, respectively.
Supplemental operating cash flow and other information related to leases was as follows:
Nine Months Ended
September 30,
20232022
Cash paid for operating leases included in operating cash flows$13,830 $14,295 
Right-of-use assets obtained in exchange for new operating lease liabilities (1)
$14,794 $7,763 
(1)Right‑of‑use assets obtained in exchange for new operating lease liabilities does not include the impact from acquisitions of $397 and $1,237 for the nine months ended September 30, 2023 and 2022, respectively.
The weighted average remaining lease term for operating leases was 4.7 years and 3.9 years as of September 30, 2023 and December 31, 2022, respectively. The weighted average discount rate was 4.6% and 3.4% as of September 30, 2023 and December 31, 2022, respectively.
As of September 30, 2023, the Company had additional minimum operating lease payments of $961 for executed leases that have not yet commenced, primarily for office locations.