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Leases
 9 Months Ended
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,
2022202120222021
(in thousands)
Operating lease cost:
Operating lease cost$9,336 $7,018 $23,578 $19,741 
Variable lease cost1,456 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 
Interest602 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,
20222021
Weighted Average Remaining Lease Term (in years):
Operating leases4.344.41
Finance leases1.952.23
Weighted Average Discount Rate:
Operating leases5.28 %5.20 %
Finance leases4.74 %4.86 %
Future minimum lease payments under non-cancellable leases as of September 30, 2022 were as follows:
Operating LeasesFinance Leases
(in thousands)
Remainder of 2022$6,099 $9,544 
202323,351 25,640 
202419,481 14,282 
202517,463 1,618 
202616,859 — 
Thereafter12,538 — 
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,
2022202120222021
(in thousands)
Operating lease cost:
Operating lease cost$9,336 $7,018 $23,578 $19,741 
Variable lease cost1,456 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 
Interest602 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,
20222021
Weighted Average Remaining Lease Term (in years):
Operating leases4.344.41
Finance leases1.952.23
Weighted Average Discount Rate:
Operating leases5.28 %5.20 %
Finance leases4.74 %4.86 %
Future minimum lease payments under non-cancellable leases as of September 30, 2022 were as follows:
Operating LeasesFinance Leases
(in thousands)
Remainder of 2022$6,099 $9,544 
202323,351 25,640 
202419,481 14,282 
202517,463 1,618 
202616,859 — 
Thereafter12,538 — 
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.