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Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Summary of Components of Lease Expense

The components of lease expense for 2023, 2022, and 2021 were as follows (in thousands):


		2023				2022				2021
Operating lease expense		$	16,073			$	21,516			$	26,131
Variable lease expense			3,299				4,103				4,530
Short-term lease expense			1,115				1,105				582
Sublease income			(2,691	)			(2,246	)			(2,596	)
Total net lease expense		$	17,796			$	24,478			$	28,647

Summary of Other Information Related to Operating Leases

Other information related to leases for 2023, 2022, and 2021 was as follows (in thousands, except term and discount rate):


		2023				2022				2021
Supplemental Cash Flows Information:
Cash paid for amounts included in the measurement of operating lease liabilities		$	20,559			$	21,125			$	23,272
Right-of-use assets obtained in exchange for new operating lease liabilities			2,787				3,817				3,909
Weighted-average remaining lease term - operating leases		58 months				54 months				59 months
Weighted-average discount rate - operating leases			3.95	%			3.84	%			3.30	%

Summary of Future Minimum Lease Payments Under Non-cancellable Operating Leases

Future minimum lease payments under non-cancelable leases as of December 31, 2023 were as follows (in thousands):


2024		$	16,957
2025			13,173
2026			5,860
2027			5,119
2028			4,933
Thereafter			9,437
Total future minimum lease payments (1)			55,479
Less: Interest (2)			(5,173	)
Total		$	50,306

Current operating lease liabilities		$	15,946
Non-current operating lease liabilities			34,360
Total		$	50,306

(1)

For leases commencing prior to 2019, minimum lease payments exclude payments for real estate taxes and non-lease components.

(2)

We use our functional currency adjusted incremental borrowing rate for the discount rate.