v3.24.3
Leases
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases Leases
As of September 30, 2024, we leased office space, data centers and office equipment under non-cancelable operating leases with various expiration dates through 2034. In August 2014, we signed a lease for office space in Tysons, Virginia, where we relocated our corporate headquarters to in February 2016. We have subsequently entered into amendments to this lease to provide us with additional office space as well as tenant improvement allowances. In August 2024, we entered into an amendment to the lease for our corporate headquarters, which extends the term of our existing leased office space to 2034 and includes two successive five-year renewal options. Additionally, the amendment provides for additional office space, parking spaces and tenant improvement allowances.

Supplemental information related to leases is presented in the table below (in thousands, except weighted-average term and discount rate):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Operating lease cost$3,472 $2,919 $9,425 $8,540 
Cash paid for amounts included in the measurement of operating lease liabilities2,420 3,533 9,171 10,329 
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities34,434 1,214 37,349 5,329 
September 30,
2024		December 31,
2023
Weighted-average remaining lease term — operating leases8.1 years3.0 years
Weighted-average discount rate — operating leases8.2 %4.9 %

Maturities of lease liabilities are as follows (in thousands):
Year Ended December 31,
Operating Leases(1)
Remainder of 2024$3,289 
202512,659 
202611,335 
202711,566 
202811,293 
2029 and thereafter54,510 
Total lease payments104,652 
Less: imputed interest(2)
31,096 
Present value of lease liabilities$73,556 
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(1)Excludes $18.3 million of legally binding minimum lease payments for leases executed but not yet commenced. There are no options to extend lease terms that were reasonably certain of being exercised included in these balances.
(2)Imputed interest was calculated using the incremental borrowing rate applicable for each lease.

We did not have any finance leases or subleases as of September 30, 2024 or December 31, 2023. Our lease agreements do not contain any material residual value guarantees, restrictive covenants or variable lease payments. Short-term lease costs were immaterial for the three and nine months ended September 30, 2024 and 2023.