XML 54 R21.htm IDEA: XBRL DOCUMENT v3.24.0.1
Leases
12 Months Ended
Dec. 31, 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 seven 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):
Year Ended December 31,
202320222021
Operating lease cost$13,544 $12,072 $10,238 
Finance lease cost:
Amortization of right-of-use assets$940 $56 $438 
Interest on finance lease liabilities155 — — 
Total finance lease cost$1,095 $56 $438 
Supplemental cash flow information related to leases was as follows (in thousands):
Year Ended December 31,
202320222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash used in operating leases$(10,966)$(11,684)$(7,178)
Financing cash used in finance leases(989)— (612)
Right of use assets obtained in exchange for lease obligations:
Operating leases6,454 5,984 50,101 
Finance leases5,505 — — 
Supplemental balance sheet information related to leases was as follows (in thousands):
December 31,
20232022
Operating leases
Operating lease right-of-use assets$38,873 $44,120 
Operating lease liabilities:$10,731 $10,626 
Operating lease liabilities — less current portion36,378 41,389 
Total operating lease liabilities$47,109 $52,015 
Finance leases
Finance lease right-of-use assets$4,564 $— 
Property and equipment, gross$29,503 $36,282 
Less: accumulated depreciation and amortization(29,503)(36,203)
Property and equipment, net$— $79 
Finance lease liabilities$1,767 $— 
Finance lease liabilities — less current portion2,877 — 
Total finance lease liabilities$4,644 $— 
Weighted average remaining terms were as follows (in years):
December 31,
20232022
Weighted average remaining lease term
Operating leases5.7 years6.4 years
Finance leases2.6 years0.0 years
Weighted average discount rates were as follows:
December 31,
20232022
Weighted average discount rate
Operating leases3.8 %3.4 %
Finance leases6.1 %— %
Maturities of lease liabilities were as follows (in thousands):
Year Ending December 31,Operating LeasesFinance Leases
2024$12,283 $1,991 
20259,329 1,991 
20267,109 1,013 
20275,969 — 
20285,582 — 
Thereafter11,709 — 
Total future minimum lease payments51,981 4,995 
Less: imputed interest(4,872)(351)
Total$47,109 $4,644 
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 seven 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):
Year Ended December 31,
202320222021
Operating lease cost$13,544 $12,072 $10,238 
Finance lease cost:
Amortization of right-of-use assets$940 $56 $438 
Interest on finance lease liabilities155 — — 
Total finance lease cost$1,095 $56 $438 
Supplemental cash flow information related to leases was as follows (in thousands):
Year Ended December 31,
202320222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash used in operating leases$(10,966)$(11,684)$(7,178)
Financing cash used in finance leases(989)— (612)
Right of use assets obtained in exchange for lease obligations:
Operating leases6,454 5,984 50,101 
Finance leases5,505 — — 
Supplemental balance sheet information related to leases was as follows (in thousands):
December 31,
20232022
Operating leases
Operating lease right-of-use assets$38,873 $44,120 
Operating lease liabilities:$10,731 $10,626 
Operating lease liabilities — less current portion36,378 41,389 
Total operating lease liabilities$47,109 $52,015 
Finance leases
Finance lease right-of-use assets$4,564 $— 
Property and equipment, gross$29,503 $36,282 
Less: accumulated depreciation and amortization(29,503)(36,203)
Property and equipment, net$— $79 
Finance lease liabilities$1,767 $— 
Finance lease liabilities — less current portion2,877 — 
Total finance lease liabilities$4,644 $— 
Weighted average remaining terms were as follows (in years):
December 31,
20232022
Weighted average remaining lease term
Operating leases5.7 years6.4 years
Finance leases2.6 years0.0 years
Weighted average discount rates were as follows:
December 31,
20232022
Weighted average discount rate
Operating leases3.8 %3.4 %
Finance leases6.1 %— %
Maturities of lease liabilities were as follows (in thousands):
Year Ending December 31,Operating LeasesFinance Leases
2024$12,283 $1,991 
20259,329 1,991 
20267,109 1,013 
20275,969 — 
20285,582 — 
Thereafter11,709 — 
Total future minimum lease payments51,981 4,995 
Less: imputed interest(4,872)(351)
Total$47,109 $4,644