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Leases | 3 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Leases | Leases The Company leases certain offices, computer equipment and its shared cloud platform facilities under non-cancelable operating leases for varying periods through 2030. 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 $4.2 million and $3.8 million for the three months ended March 31, 2025 and 2024, respectively. Supplemental cash flow information related to operating leases was as follows:
| Three Months Ended March 31,
| 2025 |  | 2024
| (in thousands)
Cash payments included in the measurement of lease liabilities | $ | 3,616 |  |  | $ | 3,621 |
Lease liabilities arising from obtaining right-of-use assets | $ | 3,226 |  |  | $ | 12,347 |
The weighted average remaining lease term and the weighted average discount rate of the Company's operating leases were as follows:
| March 31, 2025 |  | December 31, 2024
Weighted average remaining lease term (years) | 4.2 |  | 4.2
Weighted average discount rate | 7.5 | % |  | 7.4 | %
Maturities of the Company's operating lease liabilities as of March 31, 2025 are as follows:
| (in thousands)
2025 (remaining nine months) | $ | 10,856 |
2026 | 13,554 |
2027 | 13,560 |
2028 | 10,339 |
2029 | 6,649 |
2030 and thereafter | 2,102 |
Total minimum lease payments | 57,060 |
Less: interest | (8,417) |
Present value of net minimum lease payments | $ | 48,643 |

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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