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Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Primary Office Leases and Maturity of Lease Liabilities
The following table summarizes our primary office leases as of December 31, 2023 (in thousands, other than term):
LocationLease Termination Term (in years)Future Minimum Lease CommitmentsLetter of Credit Amount Required
Arlington, VA(1)
8.1$11,973 $1,579 
Edison, NJ2.31,207 222 
Makati City, Philippines4.43,014 — 
Alpharetta, GA1.8834 — 
Pune, India4.32,471 — 
Brea, CA3.43,315 — 
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(1)Effective January 29, 2024, the Company entered into a lease at 1812 North Moore Street for its corporate headquarters. The lease has a term of 7.0 years, future minimum lease commitments of $3.3 million and required letter of credit of $0.1 million.
Maturity of lease liabilities (in thousands) reflective of our new primary office space lease in Arlington, VA is as follows:
Operating lease expense
2024$12,572 
20259,394 
20268,561 
20278,065 
20286,939 
Thereafter16,033 
Total lease payments61,564 
Less:
Interest13,817 
Present value of lease liabilities$47,747 
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 Year Ended December 31,
202320222021
Operating lease cost$7,984 $8,956 $12,991 
Variable lease cost6,004 5,682 5,036 
Total lease cost$13,988 $14,638 $18,027 
Our weighted-average discount rate and our weighted remaining lease terms (in years) are as follows:

December 31,
202320222021
Weighted average discount rate6.40 %6.36 %6.38 %
Weighted average remaining lease term6.07.88.8