Leases

3 Months Ended

Mar. 31, 2023

We lease office space, data centers and office equipment under non-cancelable operating leases with various expiration dates through 2030. In August 2014, we signed a lease for office space in Tysons, Virginia, where we relocated our headquarters to in February 2016. We have subsequently entered into amendments to this lease to provide us with additional office space. The lease term ends in 2026, includes a five-year renewal option and a cumulative tenant improvement allowance of $12.1 million.

Supplemental information related to leases is presented in the table below (in thousands, except weighted-average term and discount rate):


	Three Months Ended March 31,
	2023			2022
Operating lease cost	$	2,750		$	2,473
Cash paid for amounts included in the measurement of operating lease liabilities	3,362			2,975
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	3,927			1,782

	March 31, 2023			December 31, 2022
Weighted-average remaining lease term — operating leases	3.6 years			3.4 years
Weighted-average discount rate — operating leases	4.5		%	3.9		%

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


Year Ended December 31,	Operating Leases(1)
Remainder of 2023	$	10,337
2024	12,690
2025	10,780
2026	6,531
2027	1,612
2028 and thereafter	2,387
Total lease payments	44,337
Less: imputed interest(2)	3,815
Present value of lease liabilities	$	40,522

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(1)There are no legally binding minimum lease payments for leases executed but not yet commenced and no options to extend lease terms that were reasonably certain of being exercised included in these balances.

(2)Imputed interest was calculated using the incremental borrowing rate applicable for each lease.

We did not have any finance leases or subleases as of March 31, 2023 or December 31, 2022. Our lease agreements do not contain any material residual value guarantees, restrictive covenants or variable lease payments. Short-term lease costs were immaterial for the three months ended March 31, 2023 and 2022.