XML 29 R19.htm IDEA: XBRL DOCUMENT
v3.23.3

Lessee Leases | 9 Months Ended
--- | ---
Sep. 30, 2023
Leases [Abstract] |
Lessee Leases | Lessee Leases The Company has operating leases for office buildings, data centers, office equipment, and vehicles. The Company’s leases have initial terms of one to twelve years. As of September 30, 2023, the Company did not have any additional material operating leases that were entered into, but not yet commenced. The maturity schedule of future minimum lease payments under operating leases and the reconciliation to the operating lease liabilities reported on the Condensed Consolidated Balance Sheets was as follows:
| September 30, 2023
| (In thousands)
Remaining three months of 2023 | $ | 3,340 |
2024 | 12,266 |
2025 | 9,604 |
2026 | 8,942 |
2027 | 7,334 |
Thereafter | 8,054 |
Total operating lease payments | 49,540 |
Present value adjustment | (6,078) |
Total operating lease liabilities (1) | $ | 43,462 |
_________________________________________________ (1) Amount consists of a current and long-term portion of operating lease liabilities of $10.6 million and $32.8 million, respectively. The current portion of the operating lease liabilities is included in accrued liabilities in the Condensed Consolidated Balance Sheets. Operating lease costs were $2.6 million and $4.0 million for the three months ended September 30, 2023 and 2022, respectively, and $8.2 million and $12.8 million for the nine months ended September 30, 2023 and 2022, respectively. Short-term lease costs and variable lease costs were not material for the three and nine months ended September 30, 2023 and 2022. The Company recorded impairment and abandonment charges to operating lease right-of-use assets of $7.8 million during the nine months ended September 30, 2023, and $0.3 million and $5.4 million during the three and nine months ended September 30, 2022, respectively, in connection with restructuring activities to reduce its real estate footprint and for optimization of certain leased facilities. The impairment and abandonment charges were recorded to selling, general, and administrative expenses on the Company’s Condensed Consolidated Statements of Operations. Refer to Note 16, Restructuring Expenses, for additional information regarding the Company’s restructuring activities. The following table summarizes supplemental cash flow information related to the Company’s operating leases for the nine months ended September 30, 2023 and 2022:
| Nine Months Ended September 30,
| 2023 |  | 2022
| (In thousands)
Cash paid for amounts included in the measurement of lease liabilities | $ | 10,100 |  |  | $ | 13,178 |
Right-of-use assets obtained in exchange for new lease liabilities | $ | 1,758 |  |  | $ | 12,177 |
The following table summarizes the weighted-average remaining lease term and weighted-average discount rate related to the Company’s operating leases as of September 30, 2023 and December 31, 2022:
| September 30, 2023 |  | December 31, 2022
Weighted-average remaining lease term, years | 4.6 |  | 5.0
Weighted-average discount rate, % | 5.7 | % |  | 5.7 | %

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration