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Leases | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Leases | Leases We have operating leases for office space, data centers and certain equipment. We also have finance leases for office space. Our leases have remaining lease terms of 1 year to 36 years, some of which may include options to extend the leases for up to 5 years, and some of which may include options to terminate the leases within 1 year. Operating lease costs recognized in our Consolidated Statements of Operations for the years ended December 31, 2022 and 2021 totaled $25.9 million and $24.3 million, including short-term lease costs of $1.7 million and $1.8 million, respectively. Amortization of the right-of-use asset for our finance lease totaled $0.1 million in 2022 and interest expense on the finance lease liability totaled $0.2 million in 2022. Other information related to our leases was as follows:
|  | As of December 31,
(in thousands, except lease term and discount rate) |  | 2022 |  | 2021
Balance Sheet Information |  |  |  |
Operating Leases |  |  |  |
Right-of-use assets |  | $ | 117,869 |  |  | $ | 124,821 |
Other current liabilities |  | 19,599 |  |  | 20,066 |
Operating lease liabilities |  | 106,866 |  |  | 113,892 |
Finance Leases |  |  |  |
Property and equipment, at cost |  | 28,321 |  |  | — |
Accumulated depreciation |  | 69 |  |  | — |
Property and equipment, net |  | 28,252 |  |  | — |
Other current liabilities |  | 426 |  |  | — |
Other liabilities |  | 28,063 |  |  | — |
Weighted Average Remaining Lease Term |  |  |  |
Operating leases |  | 8.22 years |  | 8.35 years
Finance leases |  | 35.50 years |  | — |
Weighted Average Discount Rate |  |  |  |
Operating leases |  | 4.34 | % |  | 4.16 | %
Finance leases |  | 7.10 | % |  | — |
|  | For the years ended December 31,
(in thousands) |  | 2022 |  | 2021
Supplemental Cash Flows Information |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows from operating leases |  | $ | 24,073 |  |  | $ | 22,477 |
Operating cash flows from finance leases |  | — |  |  | — |
Financing cash flows from finance leases |  | — |  |  | — |
Right-of-use assets obtained in exchange for new operating lease obligations |  | 6,217 |  |  | 17,835 |
Right-of-use assets obtained in exchange for new finance lease obligations |  | 28,321 |  |  | — |
Future minimum lease payments under non-cancellable leases as of December 31, 2022 were as follows:
(in thousands) |  | Operating Leases |  | Finance Leases
2023 |  | $ | 28,140 |  |  | $ | 426 |
2024 |  | 24,395 |  |  | 1,302 |
2025 |  | 20,072 |  |  | 1,776 |
2026 |  | 18,016 |  |  | 1,824 |
2027 |  | 15,474 |  |  | 1,875 |
Thereafter |  | 44,328 |  |  | 92,050 |
Total future minimum lease payments |  | 150,425 |  |  | 99,253 |
Less: Imputed interest |  | (23,960) |  |  | (70,764) |
Total |  | $ | 126,465 |  |  | $ | 28,489 |
Lessee, Finance Leases | Leases We have operating leases for office space, data centers and certain equipment. We also have finance leases for office space. Our leases have remaining lease terms of 1 year to 36 years, some of which may include options to extend the leases for up to 5 years, and some of which may include options to terminate the leases within 1 year. Operating lease costs recognized in our Consolidated Statements of Operations for the years ended December 31, 2022 and 2021 totaled $25.9 million and $24.3 million, including short-term lease costs of $1.7 million and $1.8 million, respectively. Amortization of the right-of-use asset for our finance lease totaled $0.1 million in 2022 and interest expense on the finance lease liability totaled $0.2 million in 2022. Other information related to our leases was as follows:
|  | As of December 31,
(in thousands, except lease term and discount rate) |  | 2022 |  | 2021
Balance Sheet Information |  |  |  |
Operating Leases |  |  |  |
Right-of-use assets |  | $ | 117,869 |  |  | $ | 124,821 |
Other current liabilities |  | 19,599 |  |  | 20,066 |
Operating lease liabilities |  | 106,866 |  |  | 113,892 |
Finance Leases |  |  |  |
Property and equipment, at cost |  | 28,321 |  |  | — |
Accumulated depreciation |  | 69 |  |  | — |
Property and equipment, net |  | 28,252 |  |  | — |
Other current liabilities |  | 426 |  |  | — |
Other liabilities |  | 28,063 |  |  | — |
Weighted Average Remaining Lease Term |  |  |  |
Operating leases |  | 8.22 years |  | 8.35 years
Finance leases |  | 35.50 years |  | — |
Weighted Average Discount Rate |  |  |  |
Operating leases |  | 4.34 | % |  | 4.16 | %
Finance leases |  | 7.10 | % |  | — |
|  | For the years ended December 31,
(in thousands) |  | 2022 |  | 2021
Supplemental Cash Flows Information |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows from operating leases |  | $ | 24,073 |  |  | $ | 22,477 |
Operating cash flows from finance leases |  | — |  |  | — |
Financing cash flows from finance leases |  | — |  |  | — |
Right-of-use assets obtained in exchange for new operating lease obligations |  | 6,217 |  |  | 17,835 |
Right-of-use assets obtained in exchange for new finance lease obligations |  | 28,321 |  |  | — |
Future minimum lease payments under non-cancellable leases as of December 31, 2022 were as follows:
(in thousands) |  | Operating Leases |  | Finance Leases
2023 |  | $ | 28,140 |  |  | $ | 426 |
2024 |  | 24,395 |  |  | 1,302 |
2025 |  | 20,072 |  |  | 1,776 |
2026 |  | 18,016 |  |  | 1,824 |
2027 |  | 15,474 |  |  | 1,875 |
Thereafter |  | 44,328 |  |  | 92,050 |
Total future minimum lease payments |  | 150,425 |  |  | 99,253 |
Less: Imputed interest |  | (23,960) |  |  | (70,764) |
Total |  | $ | 126,465 |  |  | $ | 28,489 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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