Leases

9 Months Ended

Sep. 30, 2023

The Company leases certain offices, computer equipment and its shared cloud platform facilities under non-cancelable operating leases for varying periods through 2028. While under the Company's lease agreements the Company has options to extend its certain leases, the Company has not included renewal options in determining the lease terms for calculating its lease liabilities, as these options are not reasonably certain of being exercised. Lease expense was $3.9 million and $3.7 million for the three months ended September 30, 2023 and 2022, respectively, and $12.1 million and $11.1 million for the nine months ended September 30, 2023 and 2022, respectively.

Supplemental cash flow information related to operating leases was as follows:


	Nine Months Ended September 30,
	2023		2022

	(in thousands)
Cash payments included in the measurement of lease liabilities	$	11,350	$	12,258
Lease liabilities arising from obtaining right-of-use assets	$	121	$	3,401

The weighted average remaining lease term and the weighted average discount rate of the Company's operating leases were as follows:


	September 30, 2023		December 31, 2022
Weighted average remaining lease term (years)	3.2		3.7
Weighted average discount rate	5.2	%	5.2	%