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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Schedule of Consolidated Balance Sheet Information and Supplemental Information | The following was included in our consolidated balance sheet as of December 31, 2023 and 2022 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
Assets |  | ​ |  |  | ​ |
ROU operating lease assets | ​ | $ | 63,047 | ​ | $ | 65,262
​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities | ​ |  |  | ​ |  |
Short-term operating lease liabilities | ​ | $ | 12,087 | ​ | $ | 11,005
Long-term operating lease liabilities | ​ |  | 56,259 | ​ |  | 59,736
Total operating lease liabilities | ​ | $ | 68,346 | ​ | $ | 70,741
Components of Lease Costs | We recognize lease expense for operating leases on a straight-line basis over the term of the lease. Net lease cost for the years ended December 31, 2023, 2022 and 2021 was $14.4 million, $13.8 million, and $15.9 million, respectively. The components of lease costs for the years ended December 31, 2023, 2022 and 2021 were as follows, in thousands:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  | ​ | ​ | ​ |  | ​
Lease Cost | ​ | Classification | ​ | 2023 | ​ | 2022 | ​ | 2021
Operating lease cost (a) |  | Selling, general and administrative expenses | ​ | $ | 14,879 | ​ | $ | 14,219 | ​ | $ | 16,013
Sublease (income) (b) |  | Selling, general and administrative expenses | ​ |  | (488) | ​ |  | (409) | ​ |  | (75)
Net lease cost |  |  | ​ | $ | 14,391 | ​ | $ | 13,810 | ​ | $ | 15,938
(a) | Includes expense related to short-term leases and variable payments, which were not significant.
(b) | Does not include rental revenue from leases of hardware consoles to customers, which was not significant.
​ Supplemental cash flow information for the years ended December 31, 2023, 2022 and 2021 was as follows, in thousands:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | 2022 | ​ | 2021
Cash paid for amounts included in the measurement of lease liabilities | ​ | $ | 13,804 | ​ | $ | 13,710 | ​ | $ | 14,970
Right-of-use assets obtained in exchange for lease obligations | ​ | $ | 8,891 | ​ | $ | 11,130 | ​ | $ | 1,524
​ Generally, our lease agreements do not specify an implicit rate. Therefore, we estimate our incremental borrowing rate, which is defined as the interest rate we would pay to borrow on a collateralized basis, considering such factors as length of lease term and the risks of the economic environment in which the leased asset operates. As of December 31, 2023, 2022 and 2021, our lease agreements had the following remaining lease term and discount rates:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | 2023 | ​ | ​ | 2022 | ​ | ​ | 2021
Weighted average remaining lease term |  | ​ | 9.6 years | ​ | ​ | 10.4 years | ​ | ​ | 11.4 years
Weighted average discount rate |  | ​ | 3.4% | ​ | ​ | 3.4% | ​ | ​ | 3.4%
Maturities of Operating Lease Liabilities | As of December 31, 2023, maturities of operating lease liabilities were as follows, in thousands:
​ | ​ | ​ | ​
Year ended December 31, |  | Amounts due under operating leases
2024 | ​ | $ | 13,706
2025 | ​ |  | 10,718
2026 | ​ |  | 8,867
2027 | ​ |  | 7,432
2028 | ​ |  | 6,089
Thereafter | ​ |  | 33,950
Total lease payments | ​ |  | 80,762
Less: Imputed interest | ​ |  | (12,416)
Total | ​ | $ | 68,346

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- 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
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- 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
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