Note 8 - Leases

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Lessee, Operating Leases and Finance Lease [Text Block]

NOTE 8. Leases

The Company leases certain offices, computer equipment and its data center 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 $16.8 million, $16.7 million and $13.9 million for the years ended December 31, 2021, 2020 and 2019, respectively.

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

	Year Ended December 31,
	2021		2020		2019
	(in thousands)
Cash payments included in the measurement of lease liabilities	$	14,646	$	13,403	$	9,372
Lease liabilities arising from obtaining right-of-use assets	$	4,110	$	15,837	$	17,359

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

	December 31,
	2021			2020
Weighted average remaining lease term (years)		3.3			4.1
Weighted average discount rate		4.8	%		4.8	%

Maturities of the Company's operating lease liabilities as of  December 31, 2021 are as follows:

		(in thousands)
2022	$	14,543
2023		12,042
2024		10,735
2025		6,536
2026		4,498
2027 and thereafter		5,819
Total minimum lease payments		54,173
Less: interest		(5,651	)
Present value of net minimum lease payments		48,522
Less: lease liabilities, current		(12,608	)
Lease liabilities, noncurrent	$	35,914