XML 47 R32.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

LEASES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Leases [Abstract] |
Schedule of Expense |
| Three Months Ended March 31, |  |
(in thousands) | 2024 |  | 2023 |  |  |  |
Fixed lease costs | $ | 4,262 |  |  | $ | 5,766 |  |  |  |  |
Short-term lease costs | 543 |  |  | 781 |  |  |  |  |
Variable lease costs | 1,609 |  |  | 1,975 |  |  |  |  |
| $ | 6,414 |  |  | $ | 8,522 |  |  |  |  |
Schedule of Right of Use Asset and Lease Liabilities |
(in thousands) | March 31, 2024 |  | December 31, 2023
Right of use assets (1) | $ | 61,512 |  |  | $ | 64,198 |
Operating lease liabilities (2) | $ | 14,184 |  |  | $ | 15,000 |
Long-term operating lease liabilities | $ | 63,645 |  |  | $ | 66,901 |
(1) Included in other long-term assets. (2) Included in other current liabilities.
Schedule of Weighted Average and Discount Rate | Weighted-average remaining lease term and discount rate for the Company’s leases were:
| March 31, 2024 |  | December 31, 2023
Weighted-average remaining lease term | 6.7 years |  | 6.8 years
Weighted-average discount rate (1) | 4.0 | % |  | 4.0 | %
(1) The rates implicit in most of the Company’s leases are not readily determinable. Therefore, the Company uses its incremental borrowing rate as the discount rate when measuring operating lease liabilities. The incremental borrowing rate represents an estimate of the interest rate the Company would incur to borrow an amount equal to the lease payments on a collateralized basis over the lease term in a similar economic environment.
Schedule of Maturities of Lease Liabilities | Maturities of lease liabilities:
(in thousands) | March 31, 2024
Remainder of 2024 | $ | 12,700 |
2025 | 16,024 |
2026 | 11,246 |
2027 | 10,066 |
2028 | 9,334 |
2029 | 8,500 |
Thereafter | 21,647 |
Total lease payments | 89,517 |
Less: imputed interest (1) | (11,688) |
| $ | 77,829 |
(1) Lease liabilities are measured at the present value of the remaining lease payments using a discount rate determined at lease commencement unless the discount rate is updated due to a lease reassessment event.
Schedule of Cash Flow Lease Information |
| Three Months Ended March 31,
(in thousands) | 2024 |  | 2023
Cash paid for operating leases, net of tenant improvement allowances | $ | 5,069 |  |  | $ | 5,038 |
Right of use assets recognized for new leases and amendments (non-cash) | $ | 1,095 |  |  | $ | 721 |

X
- Definition Assets And Liabilities, Lessee [Table Text Block] + References No definition available. + Details
Name: | pega_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | pega_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Supplemental Cash Flow Lease Information [Table Text Block] + References No definition available. + Details
Name: | pega_ScheduleOfSupplementalCashFlowLeaseInformationTableTextBlock
Namespace Prefix: | pega_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Weighted Average and Discount Rate + References No definition available. + Details
Name: | pega_ScheduleOfWeightedAverageAndDiscountRateTableTextBlock
Namespace Prefix: | pega_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration