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LEASES | 3 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
LEASES | LEASES The Company leases office space, corporate apartments, office equipment, and vehicles. Many of the Company’s leases contain variable payments including changes in base rent and charges for common area maintenance or other miscellaneous expenses. Due to this variability, the cash flows associated with these variable payments are not included in the minimum lease payments used in determining the right-of-use assets and associated lease liabilities and are recognized in the period in which the obligation for such payments is incurred. The Company’s leases have remaining lease terms ranging from 0.1 to 8.8 years. Certain lease agreements, mainly for office space, include options to extend or terminate the lease before the expiration date. The Company considers such options when determining the lease term when it is reasonably certain that the Company will exercise that option. The Company leases and subleases a portion of its office space to third parties. Lease income and sublease income were immaterial for the three months ended March 31, 2023 and 2022. See Note 2 “Impact of the Invasion of Ukraine” for discussion of impairment of right-of-use assets in Russia. During the three months ended March 31, 2023 and 2022, the components of lease expense were as follows:
|  |  |  | Three Months Ended March 31, |  |
|  | Income Statement Classification |  | 2023 |  | 2022 |  |  |  |
Operating lease cost |  | Selling, general and administrative expenses |  | $ | 11,183 |  |  | $ | 15,884 |  |  |  |  |
Variable lease cost |  | Selling, general and administrative expenses |  | 3,648 |  |  | 3,187 |  |  |  |  |
Short-term lease cost |  | Selling, general and administrative expenses |  | 2,656 |  |  | 1,039 |  |  |  |  |
Total lease cost |  |  |  | $ | 17,487 |  |  | $ | 20,110 |  |  |  |  |
Supplemental cash flow information related to leases for the three months ended March 31, 2023 and 2022 was as follows:
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows used for operating leases |  |  |  |  |  | $ | 11,719 |  |  | $ | 14,803 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |  |  |
Operating leases |  |  |  |  |  | $ | 3,349 |  |  | $ | 19,484 |
Non-cash net increase/(decrease) due to lease modifications: |  |  |  |  |  |  |  |
Operating lease right-of-use assets |  |  |  |  |  | $ | 1,383 |  |  | $ | (7,428) |
Operating lease liabilities |  |  |  |  |  | $ | 1,114 |  |  | $ | (7,434) |
Weighted average remaining lease term and discount rate as of March 31, 2023 and 2022 were as follows:
|  | As of March 31, 2023 |  | As of March 31, 2022
Weighted average remaining lease term, in years: |  |  |  |
Operating leases |  | 5.3 |  | 5.7
Weighted average discount rate: |  |  |  |
Operating leases |  | 3.3 | % |  | 2.4 | %
As of March 31, 2023, operating lease liabilities will mature as follows:
Year ending December 31, |  | Lease Payments
2023 (excluding three months ended March 31, 2023) |  | $ | 34,923 |
2024 |  | 38,223 |
2025 |  | 30,128 |
2026 |  | 23,774 |
2027 |  | 14,968 |
Thereafter |  | 29,400 |
Total lease payments |  | 171,416 |
Less: imputed interest |  | (12,571) |
Total |  | $ | 158,845 |
The Company had committed to payments of $14.2 million related to operating lease agreements that had not yet commenced as of March 31, 2023. These operating leases will commence on various dates during 2023 with lease terms ranging from 0.2 to 7.3 years. The Company did not have any material finance lease agreements that had not yet commenced.

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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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