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Note 7 - Leases
3 Months Ended
Mar. 31, 2022
Notes to Financial Statements  
Lessee, Operating Leases and Finance Lease [Text Block]

NOTE 7.

Leases

 

The Company leases certain offices, computer equipment and its data center facilities under non-cancelable operating leases for varying periods through 2028. While under the Company's lease agreements the Company has options to extend its certain leases, the Company has not included renewal options in determining the lease terms for calculating its lease liabilities, as these options are not reasonably certain of being exercised. Lease expense was $3.6 million for each of the three months ended March 31, 2022 and 2021.

 

Supplemental cash flow information related to operating leases was as follows:

 

  

Three Months Ended

 
  

March 31,

 
  

2022

  

2021

 
  

(in thousands)

 

Cash payments included in the measurement of lease liabilities

 $4,035  $3,308 

Lease liabilities arising from obtaining right-of-use assets

 $638  $39 

 

The weighted average remaining lease term and the weighted average discount rate of the Company's operating leases were as follows:

 

  

March 31, 2022

  

December 31, 2021

 

Weighted average remaining lease term (years)

  3.2   3.3 

Weighted average discount rate

  4.8%  4.8%