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Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Primary Office Leases and Maturity of Lease Liabilities

The following table summarizes our primary office leases as of March 31, 2024 (in thousands, other than term):

Location						Lease Termination Term (in years)						Future Minimum Lease Commitments						Letter of Credit Amount Required
Arlington, VA (1)						6.8						$	3,258					$	1,579
Edison, NJ						2.1						1,104						222
Makati City, Philippines						4.2						2,825						—
Alpharetta, GA						1.5						716						—
Pune, India						4.0						2,334						—
Brea, CA						3.2						3,083						—

————————

(1) Amounts required under the letter of credit for our previous headquarters’ lease in Arlington, VA until December 2024.

Maturity of lease liabilities (in thousands) is as follows:

			Operating lease expense
2024			$	13,024
2025			8,338
2026			7,566
2027			6,955
2028			5,808
Thereafter			12,428
Total lease payments			54,119
Less:
Interest			8,954
Present value of lease liabilities			$	45,165

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 March 31,
															2024						2023
Operating lease cost															$	103					$	1,940
Variable lease cost															1,425						1,556
Total lease cost															$	1,528					$	3,496

Our weighted-average discount rate and our weighted remaining lease terms (in years) are as follows:

			March 31, 2024
Weighted average discount rate			7.07		%
Weighted average remaining lease term			5.1

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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