Note 7 - Leases

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Lessee, Operating Leases and Finance Lease [Text Block]

NOTE 7. 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 $3.7 million and $4.2 million for the three months ended September 30, 2022 and 2021, respectively, and $11.1 million and $12.5 million for the nine months ended September 30, 2022 and 2021, respectively.

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

	Nine Months Ended
	September 30,
	2022		2021
	(in thousands)
Cash payments included in the measurement of lease liabilities	$	12,258	$	10,776
Lease liabilities arising from obtaining right-of-use assets	$	3,401	$	1,739

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

	September 30, 2022			December 31, 2021
Weighted average remaining lease term (years)		4.0			4.5
Weighted average discount rate		5.0	%		4.8	%