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Leases
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Leases LEASES
The Company's operating leases are primarily for office facilities. The leases have remaining terms ranging from less than one year to nine years and may include options to extend or terminate the lease. The depreciable life of operating lease right-of-use assets is limited by the expected lease term. The Company has executed sublease agreements for a portion of its available office space. The subleases are also classified as operating leases.
The components of lease expense are as follows (in thousands):
 Three Months EndedSix Months Ended
 June 30, 2024June 30, 2023June 30, 2024June 30, 2023
Operating lease expense
$18,247 $21,671 $36,380 $43,146 
Variable lease expense5,231 6,080 10,753 12,372 
Sublease income(1,975)— (2,885)— 
Total operating lease expense$21,503 $27,751 $44,248 $55,518 
Supplemental cash flow information related to leases is as follows (in thousands):
 Three Months EndedSix Months Ended
 June 30, 2024June 30, 2023June 30, 2024June 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$22,466 $18,327 $43,722 $35,320 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$2,885 $9,352 $2,885 $11,909 
Decrease in operating lease right-of-use assets due to impairment (See Note 15 for details)$10,656 $— $11,232 $3,790 
Supplemental balance sheet information related to leases is as follows (in thousands, except lease term and discount rate):
 As of
 June 30, 2024December 31, 2023
Operating lease right-of-use assets$338,422 $371,444
Operating lease liability, current (included in Accrued liabilities)$74,070 $68,099
Operating lease liability, non-current553,375 586,174
Total operating lease liability$627,445 $654,273
Weighted-average remaining term for operating leases (in years)7.57.9
Weighted-average discount rate for operating leases3.96 %3.94 %
Future lease payments under operating leases excluding any sublease income from sublease arrangements as of June 30, 2024 are as follows (in thousands):
Year Ending December 31,Operating Leases
2024 (remaining 6 months)$46,136 
202599,185 
2026100,833 
202799,840 
2028100,017 
Thereafter282,510 
Total future lease payments728,521 
Less: imputed interest(97,817)
Less: expected tenant improvement allowance(3,259)
Total (1)
$627,445 
(1) Total lease liabilities include liabilities related to operating leases right-of-use assets which were included in the impairment charges as part of the Company’s restructuring efforts reflected in Note 15 to the condensed consolidated financial statements.
As of June 30, 2024, the Company had no commitments relating to operating leases that have not yet commenced.
As of June 30, 2024, the Company expects to receive approximately $45.3 million from its sublease arrangements which have a weighted average remaining lease term of approximately 5.3 years.