XML 26 R16.htm IDEA: XBRL DOCUMENT v3.24.3
Leases
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases Leases
The Company’s operating leases consist of office facilities, office equipment, and automobiles. As of September 30, 2024, the Company’s leases have remaining terms of less than one year to nine 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,
2024202320242023
Operating lease cost (1)
$4,146 $4,312 $11,399 $13,474 
Variable lease cost1,261 1,133 3,549 3,481 
Total operating lease cost$5,407 $5,445 $14,948 $16,955 
(1)Operating lease cost includes rent cost related to operating leases for office facilities of $3,884 and $4,180 for the three months ended September 30, 2024 and 2023, respectively, and $10,656 and $12,926 for the nine months ended September 30, 2024 and 2023, respectively.
Supplemental operating cash flows and other information related to leases was as follows:
Nine Months Ended
September 30,
20242023
Cash paid for operating leases included in operating cash flows$11,314 $13,830 
Right-of-use assets obtained in exchange for new operating lease liabilities (1)
$7,394 $14,794 
(1)Right‑of‑use assets obtained in exchange for new operating lease liabilities does not include the impact from acquisitions of $103 and $397 for the nine months ended September 30, 2024 and 2023, respectively.
The weighted average remaining lease term for operating leases was 4.4 years and 4.6 years as of September 30, 2024 and December 31, 2023, respectively. The weighted average discount rate was 5.1% and 4.8% as of September 30, 2024 and December 31, 2023, respectively.