Leases (Tables)
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3 Months Ended |
Mar. 31, 2024 |
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| Leases [Abstract] |
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| Lease, Cost |
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 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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| Lessee, Operating Lease, Liability, Maturity |
| | | | | | | | | | | | | | | | | | | | | | | | | 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.
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| Finance Lease, Liability, Fiscal Year Maturity |
| | | | | | | | | | | | | | | | | | | | | | | | | 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.
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