XML 24 R13.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Leases
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Leases Leases
We lease office space under noncancelable operating leases with original terms ranging from one to 11 years and 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 March 31,
Lease Cost20242023
Operating lease cost:
Operating lease cost (cost of revenue)
$2,377 $2,909 
Operating lease cost (operating expenses)
1,216 2,441 
Short-term lease cost
686 832 
Sublease income
(501)(342)
Total operating lease cost$3,778 $5,840 
Finance lease cost:
Amortization of right-of-use assets$25 $15 
Interest on lease liabilities3 1 
Total finance lease cost$28 $16 
Lease LiabilitiesOther LeasesTotal Lease Obligations
Maturity of Lease Liabilities
Operating(2)
FinancingOperating
2024, excluding the three months ended March 31, 2024
$12,657 $58 $1,402 $14,117 
202513,555 57 448 14,060 
202610,735 35 243 11,013 
20275,666 30 246 5,942 
20281,280 — 253 1,533 
Thereafter178 — 163 341 
Total lease payments$44,071 $180 $2,755 $47,006 
Less: Interest(1)
2,798 13 
Present value of lease liabilities$41,273 $167 
(1) Includes interest on operating leases of $1,452 and financing lease of $7 within the next twelve months.
(2) Excludes sublease income. As of March 31, 2024, we expect sublease income of approximately $1,316 to be received for the remainder of fiscal year 2024.
Lease Term and Discount RateMarch 31, 2024December 31, 2023
Weighted-average remaining operating lease term (years)
3.13.2
Weighted-average remaining finance lease term (years)
2.92.5
Weighted-average discount rate for operating leases
4.5 %4.5 %
Weighted-average discount rate for finance leases
5.4 %5.4 %
Three Months Ended March 31,
Supplemental Cash Flow Information20242023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$4,637 $5,253 
Operating cash flows from finance leases2 1 
Financing cash flows from finance leases20 13 
Right of use assets obtained in exchange for lease liabilities
Operating leases
$896 $3,130 
Finance leases68 — 
Leases Leases
We lease office space under noncancelable operating leases with original terms ranging from one to 11 years and 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 March 31,
Lease Cost20242023
Operating lease cost:
Operating lease cost (cost of revenue)
$2,377 $2,909 
Operating lease cost (operating expenses)
1,216 2,441 
Short-term lease cost
686 832 
Sublease income
(501)(342)
Total operating lease cost$3,778 $5,840 
Finance lease cost:
Amortization of right-of-use assets$25 $15 
Interest on lease liabilities3 1 
Total finance lease cost$28 $16 
Lease LiabilitiesOther LeasesTotal Lease Obligations
Maturity of Lease Liabilities
Operating(2)
FinancingOperating
2024, excluding the three months ended March 31, 2024
$12,657 $58 $1,402 $14,117 
202513,555 57 448 14,060 
202610,735 35 243 11,013 
20275,666 30 246 5,942 
20281,280 — 253 1,533 
Thereafter178 — 163 341 
Total lease payments$44,071 $180 $2,755 $47,006 
Less: Interest(1)
2,798 13 
Present value of lease liabilities$41,273 $167 
(1) Includes interest on operating leases of $1,452 and financing lease of $7 within the next twelve months.
(2) Excludes sublease income. As of March 31, 2024, we expect sublease income of approximately $1,316 to be received for the remainder of fiscal year 2024.
Lease Term and Discount RateMarch 31, 2024December 31, 2023
Weighted-average remaining operating lease term (years)
3.13.2
Weighted-average remaining finance lease term (years)
2.92.5
Weighted-average discount rate for operating leases
4.5 %4.5 %
Weighted-average discount rate for finance leases
5.4 %5.4 %
Three Months Ended March 31,
Supplemental Cash Flow Information20242023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$4,637 $5,253 
Operating cash flows from finance leases2 1 
Financing cash flows from finance leases20 13 
Right of use assets obtained in exchange for lease liabilities
Operating leases
$896 $3,130 
Finance leases68 —