The Company has entered into operating lease agreements primarily for data centers and offices throughout the world with

lease periods expiring between 2026 and 2036. The components of lease expense are as follows:


Year Ended December 31,
	2025	2024	2023
(in thousands)
Lease expense	$35,745	$39,361	$36,637
Short term lease expense	477	950	678
Variable lease expense	1,674	1,697	877
Sublease income	(995)	(1,398)	(921)
Total operating lease expense	$36,901	$40,610	$37,271

As of December 31, 2025, future minimum lease payments are as follows:


		Total
(in thousands)
2026		$38,704
2027		38,016
2028		32,317
2029		21,552
2030		11,004
Thereafter		9,795
Total minimum lease payments		151,388
Impact of Discount Rate		(13,026)
Total Lease Liability		$138,362

The weighted average remaining lease term and discount rates as of December 31, 2025 and 2024 are as follows:


	Year Ended December 31,
	2025	2024
Weighted average remaining lease term (years)	4.4	5.0
Weighted average discount rate	2.4%	2.7%

Supplemental cash flow information related to our operating leases is as follows for the period December 31, 2025, 2024


	Year Ended December 31,
	2025	2024	2023
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities :
Operating cash flows for operating leases	$(33,669)	$(39,342)	$(38,059)
Lease liabilities arising from obtaining right-of-use assets	$58,008	$28,899	$28,696

As of December 31, 2025, we have additional operating leases, that have not yet commenced which will result in additional


		Total
	(in thousands)
Additional operating lease liabilities		$25,773
Additional right of use assets		$25,773

These operating leases will commence during the fiscal year ending December 31, 2026.