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Leases
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases
5. Leases
The Company primarily leases facilities for office space under non-cancelable operating leases for its U.S. and international locations. As of September 30, 2024, non-cancelable leases expire on various dates between 2024 and 2043, some of which include options to extend the leases for up to 20 years.
The lease expense recorded in the condensed consolidated statements of operations is comprised of operating lease costs of $5.6 million and $17.4 million for the three and nine months ended September 30, 2024,
respectively, and $5.3 million and $8.8 million for the three and nine months ended September 30, 2023, respectively.
Other supplemental information related to operating leases were as follows:
Nine months ended September 30,
20242023
Weighted average remaining lease term (in years)18.7119.33
Weighted average discount rate8.77 %8.73 %
Maturities of operating lease liabilities were as follows:
As of September 30,
2024
(In thousands)
2024 (remaining)$5,743 
202522,278 
202621,723 
202722,123 
202822,462 
Thereafter378,808 
Total lease payments473,137 
Less: imputed interest(250,072)
Total lease obligations223,065 
Less: current obligations(3,360)
Long-term lease obligations$219,705