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Leases | 9 Months Ended
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Sep. 30, 2022
Leases [Abstract] |
Leases | Leases The Company has operating leases for corporate offices and data centers ("colocation leases"), and finance leases for networking equipment. The Company's leases have remaining lease terms ranging from less than 1 year to 8 years, some of which include options to extend the leases. The Company also subleases a portion of its corporate office spaces. The Company's subleases have an average remaining lease terms of 2 years. The Company's sublease income was $0.2 million for both the three months ended September 30, 2022, and 2021. The Company's sublease income was $0.7 million for both the nine months ended September 30, 2022 and 2021. The Company's components of lease cost were as follows:
|  | Three months ended September 30, |  | Nine months ended September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
|  | (in thousands)
Operating lease cost: |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 9,336 |  |  | $ | 7,018 |  |  | $ | 23,578 |  |  | $ | 19,741 |
Variable lease cost |  | 1,456 |  |  | 1,806 |  |  | 8,723 |  |  | 4,624 |
Total operating lease costs |  | $ | 10,792 |  |  | $ | 8,824 |  |  | $ | 32,301 |  |  | $ | 24,365 |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of assets under finance lease |  | $ | 3,717 |  |  | $ | 4,124 |  |  | $ | 10,901 |  |  | $ | 6,608 |
Interest |  | 602 |  |  | 524 |  |  | 1,843 |  |  | 1,259 |
Total finance lease costs |  | $ | 4,319 |  |  | $ | 4,648 |  |  | $ | 12,744 |  |  | $ | 7,867 |
Other information related to leases was as follows:
|  | As of September 30, |  | As of As of December 31,
|  | 2022 |  | 2021
Weighted Average Remaining Lease Term (in years): |  |  |  |
Operating leases |  | 4.34 |  | 4.41
Finance leases |  | 1.95 |  | 2.23
Weighted Average Discount Rate: |  |  |  |
Operating leases |  | 5.28 | % |  | 5.20 | %
Finance leases |  | 4.74 | % |  | 4.86 | %
Future minimum lease payments under non-cancellable leases as of September 30, 2022 were as follows:
|  | Operating Leases |  | Finance Leases
|  | (in thousands)
Remainder of 2022 |  | $ | 6,099 |  |  | $ | 9,544 |
2023 |  | 23,351 |  |  | 25,640 |
2024 |  | 19,481 |  |  | 14,282 |
2025 |  | 17,463 |  |  | 1,618 |
2026 |  | 16,859 |  |  | — |
Thereafter |  | 12,538 |  |  | — |
Total future minimum lease payments |  | $ | 95,791 |  |  | $ | 51,084 |
Less: imputed interest |  | (10,673) |  |  | (2,250) |
Total liability |  | $ | 85,118 |  |  | $ | 48,834 |
As of September 30, 2022, the Company had undiscounted commitments of $1.8 million for operating leases that have not yet commenced, and therefore are not included in the right-of-use asset or operating lease liability. These operating leases will commence in the fourth quarter of 2022 with lease terms of 3 years.
Leases | Leases The Company has operating leases for corporate offices and data centers ("colocation leases"), and finance leases for networking equipment. The Company's leases have remaining lease terms ranging from less than 1 year to 8 years, some of which include options to extend the leases. The Company also subleases a portion of its corporate office spaces. The Company's subleases have an average remaining lease terms of 2 years. The Company's sublease income was $0.2 million for both the three months ended September 30, 2022, and 2021. The Company's sublease income was $0.7 million for both the nine months ended September 30, 2022 and 2021. The Company's components of lease cost were as follows:
|  | Three months ended September 30, |  | Nine months ended September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
|  | (in thousands)
Operating lease cost: |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 9,336 |  |  | $ | 7,018 |  |  | $ | 23,578 |  |  | $ | 19,741 |
Variable lease cost |  | 1,456 |  |  | 1,806 |  |  | 8,723 |  |  | 4,624 |
Total operating lease costs |  | $ | 10,792 |  |  | $ | 8,824 |  |  | $ | 32,301 |  |  | $ | 24,365 |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of assets under finance lease |  | $ | 3,717 |  |  | $ | 4,124 |  |  | $ | 10,901 |  |  | $ | 6,608 |
Interest |  | 602 |  |  | 524 |  |  | 1,843 |  |  | 1,259 |
Total finance lease costs |  | $ | 4,319 |  |  | $ | 4,648 |  |  | $ | 12,744 |  |  | $ | 7,867 |
Other information related to leases was as follows:
|  | As of September 30, |  | As of As of December 31,
|  | 2022 |  | 2021
Weighted Average Remaining Lease Term (in years): |  |  |  |
Operating leases |  | 4.34 |  | 4.41
Finance leases |  | 1.95 |  | 2.23
Weighted Average Discount Rate: |  |  |  |
Operating leases |  | 5.28 | % |  | 5.20 | %
Finance leases |  | 4.74 | % |  | 4.86 | %
Future minimum lease payments under non-cancellable leases as of September 30, 2022 were as follows:
|  | Operating Leases |  | Finance Leases
|  | (in thousands)
Remainder of 2022 |  | $ | 6,099 |  |  | $ | 9,544 |
2023 |  | 23,351 |  |  | 25,640 |
2024 |  | 19,481 |  |  | 14,282 |
2025 |  | 17,463 |  |  | 1,618 |
2026 |  | 16,859 |  |  | — |
Thereafter |  | 12,538 |  |  | — |
Total future minimum lease payments |  | $ | 95,791 |  |  | $ | 51,084 |
Less: imputed interest |  | (10,673) |  |  | (2,250) |
Total liability |  | $ | 85,118 |  |  | $ | 48,834 |
As of September 30, 2022, the Company had undiscounted commitments of $1.8 million for operating leases that have not yet commenced, and therefore are not included in the right-of-use asset or operating lease liability. These operating leases will commence in the fourth quarter of 2022 with lease terms of 3 years.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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