v3.24.3
Leases
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases Leases
We lease office space under noncancelable operating leases with original terms ranging from one to 11 years, and prior to September 30, 2024, 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 September 30,Nine Months Ended September 30,
Lease Cost2024202320242023
Operating lease cost:
Operating lease cost (cost of revenue)
$2,069 $2,586 $6,658 $8,279 
Operating lease cost (operating expenses)
1,210 1,269 3,639 6,247 
Short-term lease cost
573 751 1,908 2,339 
Sublease income
(435)(370)(1,370)(1,057)
Total operating lease cost$3,417 $4,236 $10,835 $15,808 
Finance lease cost:
Amortization of right-of-use assets$11 $17 $59 $48 
Interest on lease liabilities1 1 6 4 
Total finance lease cost$12 $18 $65 $52 
Operating
Total Lease Obligations
Maturity of Lease Liabilities
Lease Liabilities(2)
Other Leases
2024, excluding the nine months ended September 30, 2024
$4,066 $433 $4,499 
202513,970 499 14,469 
202611,393 37 11,430 
20276,436 — 6,436 
20281,859 — 1,859 
Thereafter882 — 882 
Total lease payments$38,606 $969 $39,575 
Less: Interest(1)
2,406 
Present value of lease liabilities$36,200 
(1) Includes interest on operating leases of $1,267 due within the next twelve months.
(2) Excludes sublease income. As of September 30, 2024, we expect sublease income of approximately $455 to be received for the remainder of fiscal year 2024.
Lease Term and Discount RateSeptember 30, 2024December 31, 2023
Weighted-average remaining operating lease term (years)
2.93.2
Weighted-average remaining finance lease term (years)
N/A2.5
Weighted-average discount rate for operating leases
4.5 %4.5 %
Weighted-average discount rate for finance leases
N/A5.4 %
Nine Months Ended September 30,
Supplemental Cash Flow Information20242023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$13,270 $16,539 
Operating cash flows from finance leases6 4 
Financing cash flows from finance leases49 39 
Right of use assets obtained in exchange for lease liabilities
Operating leases
$4,329 $7,490 
Finance leases69 59 
Leases Leases
We lease office space under noncancelable operating leases with original terms ranging from one to 11 years, and prior to September 30, 2024, 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 September 30,Nine Months Ended September 30,
Lease Cost2024202320242023
Operating lease cost:
Operating lease cost (cost of revenue)
$2,069 $2,586 $6,658 $8,279 
Operating lease cost (operating expenses)
1,210 1,269 3,639 6,247 
Short-term lease cost
573 751 1,908 2,339 
Sublease income
(435)(370)(1,370)(1,057)
Total operating lease cost$3,417 $4,236 $10,835 $15,808 
Finance lease cost:
Amortization of right-of-use assets$11 $17 $59 $48 
Interest on lease liabilities1 1 6 4 
Total finance lease cost$12 $18 $65 $52 
Operating
Total Lease Obligations
Maturity of Lease Liabilities
Lease Liabilities(2)
Other Leases
2024, excluding the nine months ended September 30, 2024
$4,066 $433 $4,499 
202513,970 499 14,469 
202611,393 37 11,430 
20276,436 — 6,436 
20281,859 — 1,859 
Thereafter882 — 882 
Total lease payments$38,606 $969 $39,575 
Less: Interest(1)
2,406 
Present value of lease liabilities$36,200 
(1) Includes interest on operating leases of $1,267 due within the next twelve months.
(2) Excludes sublease income. As of September 30, 2024, we expect sublease income of approximately $455 to be received for the remainder of fiscal year 2024.
Lease Term and Discount RateSeptember 30, 2024December 31, 2023
Weighted-average remaining operating lease term (years)
2.93.2
Weighted-average remaining finance lease term (years)
N/A2.5
Weighted-average discount rate for operating leases
4.5 %4.5 %
Weighted-average discount rate for finance leases
N/A5.4 %
Nine Months Ended September 30,
Supplemental Cash Flow Information20242023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$13,270 $16,539 
Operating cash flows from finance leases6 4 
Financing cash flows from finance leases49 39 
Right of use assets obtained in exchange for lease liabilities
Operating leases
$4,329 $7,490 
Finance leases69 59