XML 51 R41.htm IDEA: XBRL DOCUMENT v3.23.3
Leases (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of Primary Office Leases and Maturity of Lease Liabilities
The following table summarizes our primary office leases as of September 30, 2023 (in thousands, other than term):
LocationLease Termination Term (in years)Future Minimum Lease CommitmentsLetter of Credit Amount Required
Arlington, VA8.3$15,511 $1,579 
Edison, NJ2.61,351 222 
Makati City, Philippines4.73,089 — 
Alpharetta, GA2.0951 — 
Pune, India4.52,602 — 
Brea, CA3.73,546 — 
Maturity of lease liabilities (in thousands) as of September 30, 2023, is as follows:
Operating lease expense
2023$5,713 
202412,476 
20258,881 
20268,034 
20277,525 
Thereafter21,317 
Total lease payments63,946 
Less:
Interest11,330 
Present value of lease liabilities$52,616 
Schedule of Components of Lease Expense, Weighted-Average Discount Rate and Weighted-remaining Lease Terms
The following table summarizes the components of our lease expense (in thousands):
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2023202220232022
Operating lease cost$5,026 $2,221 $5,239 $6,726 
Variable lease cost1,407 1,599 4,528 4,096 
Total lease cost$6,433 $3,820 $9,767 $10,822 
Our weighted-average discount rate and our weighted remaining lease terms (in years) are as follows:

September 30, 2023
Weighted average discount rate6.80 %
Weighted average remaining lease term5.9