| Leases |
Leases We lease office space under noncancelable operating leases with original terms ranging from one to 11 years and vehicles under noncancelable finance leases with terms of four years. Generally, the operating leases require a fixed minimum rent with contractual minimum rent increases over the lease term. The components of lease expense were as follows: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | Lease Cost | | 2024 | | 2023 | | | | | | Operating lease cost: | | | | | | | | | Operating lease cost (cost of revenue) | | $ | 2,377 | | | $ | 2,909 | | | | | | Operating lease cost (operating expenses) | | 1,216 | | | 2,441 | | | | | | Short-term lease cost | | 686 | | | 832 | | | | | | Sublease income | | (501) | | | (342) | | | | | | | Total operating lease cost | | $ | 3,778 | | | $ | 5,840 | | | | | | | | | | | | | | | | Finance lease cost: | | | | | | | | | | Amortization of right-of-use assets | | $ | 25 | | | $ | 15 | | | | | | | Interest on lease liabilities | | 3 | | | 1 | | | | | | | Total finance lease cost | | $ | 28 | | | $ | 16 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Lease Liabilities | | Other Leases | | Total Lease Obligations | | Maturity of Lease Liabilities | Operating(2) | | Financing | | Operating | | 2024, excluding the three months ended March 31, 2024 | $ | 12,657 | | | $ | 58 | | | $ | 1,402 | | | $ | 14,117 | | | 2025 | 13,555 | | | 57 | | | 448 | | | 14,060 | | | 2026 | 10,735 | | | 35 | | | 243 | | | 11,013 | | | 2027 | 5,666 | | | 30 | | | 246 | | | 5,942 | | | 2028 | 1,280 | | | — | | | 253 | | | 1,533 | | | Thereafter | 178 | | | — | | | 163 | | | 341 | | | Total lease payments | $ | 44,071 | | | $ | 180 | | | $ | 2,755 | | | $ | 47,006 | | Less: Interest(1) | 2,798 | | | 13 | | | | | | | Present value of lease liabilities | $ | 41,273 | | | $ | 167 | | | | | |
(1) Includes interest on operating leases of $1,452 and financing lease of $7 within the next twelve months. (2) Excludes sublease income. As of March 31, 2024, we expect sublease income of approximately $1,316 to be received for the remainder of fiscal year 2024. | | | | | | | | | | | | | | | | Lease Term and Discount Rate | | March 31, 2024 | | December 31, 2023 | Weighted-average remaining operating lease term (years) | | 3.1 | | 3.2 | Weighted-average remaining finance lease term (years) | | 2.9 | | 2.5 | Weighted-average discount rate for operating leases | | 4.5 | % | | 4.5 | % | Weighted-average discount rate for finance leases | | 5.4 | % | | 5.4 | % |
| | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Supplemental Cash Flow Information | | 2024 | | 2023 | | Cash paid for amounts included in the measurement of lease liabilities | | | | | | Operating cash flows from operating leases | | $ | 4,637 | | | $ | 5,253 | | | Operating cash flows from finance leases | | 2 | | | 1 | | | Financing cash flows from finance leases | | 20 | | | 13 | | | Right of use assets obtained in exchange for lease liabilities | | | | | Operating leases | | $ | 896 | | | $ | 3,130 | | | Finance leases | | 68 | | | — | |
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| Leases |
Leases We lease office space under noncancelable operating leases with original terms ranging from one to 11 years and vehicles under noncancelable finance leases with terms of four years. Generally, the operating leases require a fixed minimum rent with contractual minimum rent increases over the lease term. The components of lease expense were as follows: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | Lease Cost | | 2024 | | 2023 | | | | | | Operating lease cost: | | | | | | | | | Operating lease cost (cost of revenue) | | $ | 2,377 | | | $ | 2,909 | | | | | | Operating lease cost (operating expenses) | | 1,216 | | | 2,441 | | | | | | Short-term lease cost | | 686 | | | 832 | | | | | | Sublease income | | (501) | | | (342) | | | | | | | Total operating lease cost | | $ | 3,778 | | | $ | 5,840 | | | | | | | | | | | | | | | | Finance lease cost: | | | | | | | | | | Amortization of right-of-use assets | | $ | 25 | | | $ | 15 | | | | | | | Interest on lease liabilities | | 3 | | | 1 | | | | | | | Total finance lease cost | | $ | 28 | | | $ | 16 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Lease Liabilities | | Other Leases | | Total Lease Obligations | | Maturity of Lease Liabilities | Operating(2) | | Financing | | Operating | | 2024, excluding the three months ended March 31, 2024 | $ | 12,657 | | | $ | 58 | | | $ | 1,402 | | | $ | 14,117 | | | 2025 | 13,555 | | | 57 | | | 448 | | | 14,060 | | | 2026 | 10,735 | | | 35 | | | 243 | | | 11,013 | | | 2027 | 5,666 | | | 30 | | | 246 | | | 5,942 | | | 2028 | 1,280 | | | — | | | 253 | | | 1,533 | | | Thereafter | 178 | | | — | | | 163 | | | 341 | | | Total lease payments | $ | 44,071 | | | $ | 180 | | | $ | 2,755 | | | $ | 47,006 | | Less: Interest(1) | 2,798 | | | 13 | | | | | | | Present value of lease liabilities | $ | 41,273 | | | $ | 167 | | | | | |
(1) Includes interest on operating leases of $1,452 and financing lease of $7 within the next twelve months. (2) Excludes sublease income. As of March 31, 2024, we expect sublease income of approximately $1,316 to be received for the remainder of fiscal year 2024. | | | | | | | | | | | | | | | | Lease Term and Discount Rate | | March 31, 2024 | | December 31, 2023 | Weighted-average remaining operating lease term (years) | | 3.1 | | 3.2 | Weighted-average remaining finance lease term (years) | | 2.9 | | 2.5 | Weighted-average discount rate for operating leases | | 4.5 | % | | 4.5 | % | Weighted-average discount rate for finance leases | | 5.4 | % | | 5.4 | % |
| | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Supplemental Cash Flow Information | | 2024 | | 2023 | | Cash paid for amounts included in the measurement of lease liabilities | | | | | | Operating cash flows from operating leases | | $ | 4,637 | | | $ | 5,253 | | | Operating cash flows from finance leases | | 2 | | | 1 | | | Financing cash flows from finance leases | | 20 | | | 13 | | | Right of use assets obtained in exchange for lease liabilities | | | | | Operating leases | | $ | 896 | | | $ | 3,130 | | | Finance leases | | 68 | | | — | |
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