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Leases
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Leases Leases
The Company’s operating leases consist of office facilities, office equipment, and automobiles. As of March 31, 2024, 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 Ended
March 31,
20242023
Operating lease cost (1)
$3,695 $4,628 
Variable lease cost1,173 1,202 
Total operating lease cost$4,868 $5,830 
(1)Operating lease cost includes rent cost related to operating leases for office facilities of $3,471 and $4,417 for the three months ended March 31, 2024 and 2023, respectively.
Supplemental operating cash flows and other information related to leases was as follows:
Three Months Ended
March 31,
20242023
Cash paid for operating leases included in operating cash flows$3,850 $4,710 
Right-of-use assets obtained in exchange for new operating lease liabilities (1)
$1,838 $2,797 
(1)For the three months ended March 31, 2023, right‑of‑use assets obtained in exchange for new operating lease liabilities does not include the impact from an acquisition of $345.
The weighted average remaining lease term for operating leases was 4.5 years and 4.6 years as of March 31, 2024 and December 31, 2023, respectively. The weighted average discount rate was 4.8% as of March 31, 2024 and December 31, 2023.
Leases Leases
The Company’s operating leases consist of office facilities, office equipment, and automobiles. As of March 31, 2024, 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 Ended
March 31,
20242023
Operating lease cost (1)
$3,695 $4,628 
Variable lease cost1,173 1,202 
Total operating lease cost$4,868 $5,830 
(1)Operating lease cost includes rent cost related to operating leases for office facilities of $3,471 and $4,417 for the three months ended March 31, 2024 and 2023, respectively.
Supplemental operating cash flows and other information related to leases was as follows:
Three Months Ended
March 31,
20242023
Cash paid for operating leases included in operating cash flows$3,850 $4,710 
Right-of-use assets obtained in exchange for new operating lease liabilities (1)
$1,838 $2,797 
(1)For the three months ended March 31, 2023, right‑of‑use assets obtained in exchange for new operating lease liabilities does not include the impact from an acquisition of $345.
The weighted average remaining lease term for operating leases was 4.5 years and 4.6 years as of March 31, 2024 and December 31, 2023, respectively. The weighted average discount rate was 4.8% as of March 31, 2024 and December 31, 2023.