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Leases
 9 Months Ended
Sep. 30, 2024
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 Company entered into three-year equipment finance lease agreements and recognized $18.6 million right of use assets during the three months ended September 30, 2024, which were reported within "Finance lease right-of-use assets" and are being depreciated on a straight-line basis over the lease term. As a result, the Company also recognized short-term lease liabilities of $5.9 million within "Finance lease liabilities" and long-term lease liabilities of $12.7 million within "Finance lease liabilities - less current portion" for the three months ended September 30, 2024.
The components of lease expenses were as follows (in thousands):
Three Months EndedNine Months Ended
September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Operating lease cost$3,933 $3,360 $10,003 $10,112 
Finance lease cost:
Amortization of right-of-use assets$950 $491 $1,862 $570 
Interest on finance lease liabilities132 83 262 83 
Total finance lease cost$1,082 $574 $2,124 $653 
Supplemental cash flow information related to leases was as follows (in thousands):
Three Months EndedNine Months Ended
September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash used in operating leases$(3,125)$(3,001)$(9,344)$(8,319)
Financing cash used in finance leases(1,039)(496)(2,006)(496)
Right of use assets obtained in exchange for lease obligations:
Operating leases10,679 795 11,314 6,273 
Finance leases18,559 2,936 18,559 5,103 
Supplemental balance sheet information related to leases was as follows (in thousands):
September 30, 2024December 31, 2023
Operating leases
Operating lease right-of-use assets$43,480 $38,873 
Operating lease liabilities$11,446 $10,731 
Operating lease liabilities — less current portion39,976 36,378 
Total operating lease liabilities$51,422 $47,109 
Finance leases
Finance lease right-of-use assets$21,262 $4,564 
Finance lease liabilities$7,695 $1,767 
Finance lease liabilities — less current portion13,716 2,877 
Total finance lease liabilities$21,411 $4,644 
Weighted average remaining terms were as follows (in years):
September 30, 2024December 31, 2023
Weighted average remaining lease term
Operating leases5.15.7
Finance leases2.82.6
Weighted average discount rates were as follows:
September 30, 2024December 31, 2023
Weighted average discount rate
Operating leases4.2 %3.8 %
Finance leases5.8 %6.1 %
Maturities of lease liabilities were as follows (in thousands):
Year Ending December 31,Operating LeasesFinance Leases
Remaining 2024$3,489 $2,185 
202512,969 8,685 
202611,042 7,714 
20278,171 4,502 
20286,837 — 
Thereafter14,420 — 
Total future minimum lease payments56,928 23,086 
Less: imputed interest(5,506)(1,675)
Total$51,422 $21,411 
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 Company entered into three-year equipment finance lease agreements and recognized $18.6 million right of use assets during the three months ended September 30, 2024, which were reported within "Finance lease right-of-use assets" and are being depreciated on a straight-line basis over the lease term. As a result, the Company also recognized short-term lease liabilities of $5.9 million within "Finance lease liabilities" and long-term lease liabilities of $12.7 million within "Finance lease liabilities - less current portion" for the three months ended September 30, 2024.
The components of lease expenses were as follows (in thousands):
Three Months EndedNine Months Ended
September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Operating lease cost$3,933 $3,360 $10,003 $10,112 
Finance lease cost:
Amortization of right-of-use assets$950 $491 $1,862 $570 
Interest on finance lease liabilities132 83 262 83 
Total finance lease cost$1,082 $574 $2,124 $653 
Supplemental cash flow information related to leases was as follows (in thousands):
Three Months EndedNine Months Ended
September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash used in operating leases$(3,125)$(3,001)$(9,344)$(8,319)
Financing cash used in finance leases(1,039)(496)(2,006)(496)
Right of use assets obtained in exchange for lease obligations:
Operating leases10,679 795 11,314 6,273 
Finance leases18,559 2,936 18,559 5,103 
Supplemental balance sheet information related to leases was as follows (in thousands):
September 30, 2024December 31, 2023
Operating leases
Operating lease right-of-use assets$43,480 $38,873 
Operating lease liabilities$11,446 $10,731 
Operating lease liabilities — less current portion39,976 36,378 
Total operating lease liabilities$51,422 $47,109 
Finance leases
Finance lease right-of-use assets$21,262 $4,564 
Finance lease liabilities$7,695 $1,767 
Finance lease liabilities — less current portion13,716 2,877 
Total finance lease liabilities$21,411 $4,644 
Weighted average remaining terms were as follows (in years):
September 30, 2024December 31, 2023
Weighted average remaining lease term
Operating leases5.15.7
Finance leases2.82.6
Weighted average discount rates were as follows:
September 30, 2024December 31, 2023
Weighted average discount rate
Operating leases4.2 %3.8 %
Finance leases5.8 %6.1 %
Maturities of lease liabilities were as follows (in thousands):
Year Ending December 31,Operating LeasesFinance Leases
Remaining 2024$3,489 $2,185 
202512,969 8,685 
202611,042 7,714 
20278,171 4,502 
20286,837 — 
Thereafter14,420 — 
Total future minimum lease payments56,928 23,086 
Less: imputed interest(5,506)(1,675)
Total$51,422 $21,411