The Company has leased buildings, vehicles, furniture and fixtures, leased lines, computer equipment and servers from various lessors. Certain lease agreements include options to terminate or extend the leases for up to 10 years. The lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The components of lease cost for operating and finance leases for the years ended December 31, 2020, 2021 and 2022 are summarized below:


	Year ended December 31, 2020		Year ended December 31, 2021		Year ended December 31, 2022
Finance lease cost:
Amortization of ROU assets (Note a)	12,483		15,549		13,132
Interest on lease liabilities (Note b)	2,454		2,538		1,532
Operating lease cost (Note c)	88,596		81,637		68,172
Short-term lease cost (Note c)	1,643		1,057		1,563
Variable lease cost (Note c)	5,347		5,307		6,898
Total lease cost	$	110,523	$	106,088	$	91,297

a)Included in “depreciation and amortization” in the consolidated statements of income.

b)Included in “interest income (expense), net” in the consolidated statements of income.

c)Included in “cost of revenue” and “selling, general and administrative expenses” in the consolidated statements of income.

ROU assets relating to finance leases of $34,284 and $26,358 as of December 31, 2021 and December 31, 2022, respectively, are included in “other assets” in the consolidated balance sheet.

Amortization of ROU assets as set out above includes the effect of the reclassification of foreign exchange (gains) losses related to the effective portion of foreign currency derivative contracts amounting to $30, $(99) and $71 for the years ended December 31, 2020, 2021 and 2022, respectively.

The operating lease cost set out above includes the effect of the reclassification of foreign exchange (gains) losses related to the effective portion of foreign currency derivative contracts amounting to $161, $(333) and $187 for the years ended December 31, 2020, 2021 and 2022, respectively.


	Year ended December 31, 2020		Year ended December 31, 2021		Year ended December 31, 2022
Weighted-average remaining lease term—finance leases	3.1 years		2.3 years		2.02 years
Weighted-average remaining lease term—operating leases	6.42 years		5.76 years		5.41 years
Weighted-average discount rate—finance leases	6.61	%	5.70	%	5.72	%
Weighted-average discount rate—operating leases	7.28	%	6.98	%	7.80	%


	Year ended December 31, 2020		Year ended December 31, 2021		Year ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance leases	$	2,898	$	2,592	$	1,532
Operating cash flows from operating leases	$	92,010	$	80,159	$	79,037
Financing cash flows from finance leases	$	10,567	$	13,926	$	12,810

The following table reconciles the undiscounted cash flows for the Company’s operating and finance leases as of December 31, 2021 to the finance and operating lease liabilities recorded on the Company’s consolidated balance sheet:


Period range	Finance lease		Operating lease
2022	$	20,008	$	80,226
2023	10,178		73,374
2024	5,105		62,132
2025	2,062		64,383
2026	34		37,131
Thereafter	—		66,004
Total lease payments	$	37,387	$	383,250
Less: Imputed interest	2,541		73,952
Total lease liabilities	$	34,846	$	309,298

The following table reconciles the undiscounted cash flows for the Company’s operating and finance leases as of December 31, 2022 to the operating and finance lease liabilities recorded on the Company’s consolidated balance sheet:


Period range	Finance lease		Operating lease
2023	$	16,382	$	69,902
2024	8,681		61,017
2025	3,000		46,979
2026	830		40,638
2027	119		30,100
Thereafter	—		52,466
Total lease payments	$	29,012	$	301,102
Less: Imputed interest	1,625		56,641
Total lease liabilities	$	27,387	$	244,461