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Leases
 9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Leases Leases
The Company has leases for offices, data centers and computer and networking equipment that expire at various dates through 2031. The Company’s leases have remaining terms of one to eight years, some of the leases include a Company option to extend the leases for up to one to five years, and some of the leases include the option to terminate the leases upon 30-days' notice. The Company does not separate lease and non-lease components for real estate operating leases.
The components of lease expenses were as follows (in thousands):
Three Months EndedNine Months Ended
September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Operating lease cost$3,360 $2,969 $10,112 $8,738 
Finance lease cost:
Amortization of right-of-use assets$491 $141 $570 $609 
Interest on finance lease liabilities83 — 83 — 
Total finance lease cost$574 $141 $653 $609 
Supplemental cash flow information related to leases was as follows (in thousands):
Three Months EndedNine Months Ended
September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash used in operating leases$(3,001)$(2,951)$(8,319)$(8,489)
Financing cash used in finance leases(496)— (496)— 
Right of use assets obtained in exchange for lease obligations:
Operating leases795 3,899 6,273 4,483 
Finance leases2,936 — 5,103 — 
Supplemental balance sheet information related to leases was as follows (in thousands):
September 30, 2023December 31, 2022
Operating leases
Operating lease right-of-use assets$41,522 $44,120 
Operating lease liabilities$11,454 $10,626 
Operating lease liabilities — less current portion38,336 41,389 
Total operating lease liabilities$49,790 $52,015 
Finance leases
Finance lease right-of-use assets$4,612 $— 
Property and equipment, gross$29,974 $36,282 
Less: accumulated depreciation and amortization(29,974)(36,203)
Property and equipment, net$— $79 
Finance lease liabilities$1,617 $— 
Finance lease liabilities — less current portion3,048 — 
Total finance lease liabilities$4,665 $— 
Weighted average remaining terms were as follows (in years):
September 30, 2023December 31, 2022
Weighted average remaining lease term
Operating leases5.86.4
Finance leases2.8— 
Weighted average discount rates were as follows:
September 30, 2023December 31, 2022
Weighted average discount rate
Operating leases3.7 %3.4 %
Finance leases6.0 %— %
Maturities of lease liabilities were as follows (in thousands):
Year Ending December 31,Operating LeasesFinance Leases
Remaining 2023$3,709 $452 
202411,997 1,848 
20259,171 1,848 
20266,987 898 
20275,929 — 
Thereafter17,281 — 
Total future minimum lease payments55,074 5,046 
Less: imputed interest(5,284)(381)
Total$49,790 $4,665 
Leases Leases
The Company has leases for offices, data centers and computer and networking equipment that expire at various dates through 2031. The Company’s leases have remaining terms of one to eight years, some of the leases include a Company option to extend the leases for up to one to five years, and some of the leases include the option to terminate the leases upon 30-days' notice. The Company does not separate lease and non-lease components for real estate operating leases.
The components of lease expenses were as follows (in thousands):
Three Months EndedNine Months Ended
September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Operating lease cost$3,360 $2,969 $10,112 $8,738 
Finance lease cost:
Amortization of right-of-use assets$491 $141 $570 $609 
Interest on finance lease liabilities83 — 83 — 
Total finance lease cost$574 $141 $653 $609 
Supplemental cash flow information related to leases was as follows (in thousands):
Three Months EndedNine Months Ended
September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash used in operating leases$(3,001)$(2,951)$(8,319)$(8,489)
Financing cash used in finance leases(496)— (496)— 
Right of use assets obtained in exchange for lease obligations:
Operating leases795 3,899 6,273 4,483 
Finance leases2,936 — 5,103 — 
Supplemental balance sheet information related to leases was as follows (in thousands):
September 30, 2023December 31, 2022
Operating leases
Operating lease right-of-use assets$41,522 $44,120 
Operating lease liabilities$11,454 $10,626 
Operating lease liabilities — less current portion38,336 41,389 
Total operating lease liabilities$49,790 $52,015 
Finance leases
Finance lease right-of-use assets$4,612 $— 
Property and equipment, gross$29,974 $36,282 
Less: accumulated depreciation and amortization(29,974)(36,203)
Property and equipment, net$— $79 
Finance lease liabilities$1,617 $— 
Finance lease liabilities — less current portion3,048 — 
Total finance lease liabilities$4,665 $— 
Weighted average remaining terms were as follows (in years):
September 30, 2023December 31, 2022
Weighted average remaining lease term
Operating leases5.86.4
Finance leases2.8— 
Weighted average discount rates were as follows:
September 30, 2023December 31, 2022
Weighted average discount rate
Operating leases3.7 %3.4 %
Finance leases6.0 %— %
Maturities of lease liabilities were as follows (in thousands):
Year Ending December 31,Operating LeasesFinance Leases
Remaining 2023$3,709 $452 
202411,997 1,848 
20259,171 1,848 
20266,987 898 
20275,929 — 
Thereafter17,281 — 
Total future minimum lease payments55,074 5,046 
Less: imputed interest(5,284)(381)
Total$49,790 $4,665