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Leases | 9 Months Ended
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Sep. 30, 2022
Lessee Disclosure [Abstract] |
Leases | 12. Leases The Company has entered into operating leases for its corporate headquarters and office facilities, financial data terminals and equipment. The Company has no finance leases. The following table provides additional information regarding the Company’s leases:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 316 |  |  | $ | 520 |  |  | $ | 648 |  |  | $ | 1,860 |
Short-term lease cost |  |  | 296 |  |  |  | 242 |  |  |  | 856 |  |  |  | 797 |
Total lease cost |  | $ | 612 |  |  | $ | 762 |  |  | $ | 1,504 |  |  | $ | 2,657 |
Other information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of operating liabilities (operating leases) |  | $ | 296 |  |  | $ | 13,804 |  |  | $ | 644 |  |  | $ | 15,462 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | n/a |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |
Weighted-average remaining lease term (in years)—operating leases |  |  | 1.5 |  |  |  | 1.8 |  |  |  | 1.5 |  |  |  | 1.8 |
Weighted-average discount rate—operating leases |  |  | 6.3% |  |  |  | 4.4% |  |  |  | 6.3% |  |  |  | 4.4% |
None of the Company’s leases include variable payments, residual value guarantees or any restrictions or covenants relating to the Company’s ability to pay dividends or incur additional financing obligations. During the three and nine months ended September 30, 2021, the Company recognized an impairment charge of $9,277 and $9,580, respectively, resulting from the derecognition of right-of-use assets upon exiting its New York and London offices in September 2021 and February 2021, respectively, as well as costs incurred to restore the office spaces to their original condition. These losses are included in impairments in the Company’s Consolidated Statements of Operations (Note 23). The following table discloses future minimum lease payments at September 30, 2022 with respect to the Company’s operating lease liabilities:
| Remainder of 2022 |  | $ | 317 |
| 2023 |  |  | 1,110 |
| 2024 |  |  | 397 |
| 2025 |  |  | — |
| 2026 |  |  | — |
| 2027 and thereafter |  |  | — |
| Total future minimum lease payments (undiscounted) |  | $ | 1,824 |
The following table reconciles the future minimum lease payments (disclosed above) at September 30, 2022 to the operating lease liabilities recognized in the Consolidated Balance Sheets:
| Amounts recognized in the Consolidated Balance Sheets |  |  |  |
| Lease liability—short term |  | $ | 1,186 |
| Lease liability—long term |  |  | 554 |
| Subtotal |  |  | 1,740 |
| Difference between undiscounted and discounted cash flows |  |  | 84 |
| Total future minimum lease payments (undiscounted) |  | $ | 1,824 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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