The Company leases facilities and certain equipment under noncancelable operating leases with remaining lease terms of 1.3 years to 8.7 years, some of which include options to extend for up to two five-year terms. These optional periods were not considered in the determination of the right-of-use asset or the lease liability as the Company did not consider it reasonably certain that it would exercise such options.

The operating lease costs were as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Operating lease cost	$	2,128	$	2,014	$	5,976	$	7,016

Supplemental cash flow information related to the Company’s leases were as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,294	$	1,713	$	6,722	$	3,423
Right-of-use assets obtained in exchange for operating lease obligations:		880		166		3,201		17,543

The balance sheet classification of the Company’s lease liabilities was as follows (in thousands):


	September 30, 2022		December 31, 2021
Operating lease liabilities
Current portion included in accrued liabilities	$	9,231	$	8,304
Operating lease liabilities		53,769		56,126
Total operating lease liabilities	$	63,000	$	64,430

Maturities of lease liabilities were as follows (in thousands):


	Operating Leases
Remainder of 2022	$	2,354
Years ending December 31,
2023		9,563
2024		8,892
2025		8,971
2026		8,336
Thereafter		36,790
Total lease payments		74,906
Less:
Imputed interest		(11,906	)
Total operating lease liabilities	$	63,000

Operating lease liabilities are based on the net present value of the remaining lease payments over the remaining lease term. In determining the present value of lease payments, the Company uses its incremental borrowing rate based on the information available at the lease commencement date. As of September 30, 2022, the weighted average remaining lease term was 8.2 years and the weighted average discount rate used to determine the operating lease liability was 4.4%.

In the fourth quarter of 2018, the Company entered into an agreement to lease the 4th and 5th floors of corporate office space in San Diego, California with total minimum lease payments of $50.4 million over an initial term of 10 years and 9 months. In February 2020, the Company entered into the first amendment to the lease agreement to lease the 2nd floor of corporate office space in San Diego, California with total minimum lease payments of $25.3 million over an initial term of approximately 10 years and 7 months. In March 2020, the Company entered into the second amendment to the lease agreement which increased the total minimum lease payments of the original corporate office space to $51.4 million. In the third quarter of 2020, the lease for the 4th and 5th floors of corporate office space commenced and the Company capitalized a right of use asset and related lease liability of $40.3 million. In the first quarter of 2021, the lease for the 2nd floor of corporate office space commenced and the Company capitalized a right of use asset and related lease liability of $19.2 million. In connection with this lease and the amendment, the Company established a letter of credit for $3.1 million, which has automatic annual extensions and is fully secured by restricted cash.