Leases (Notes)

6 Months Ended

Jun. 30, 2024

Leases

The Company has operating leases for data centers, computer infrastructure, corporate offices and certain equipment. These leases have remaining lease terms ranging from 1 year to 9 years. Some of these leases include options to extend for up to 15 years, and some include options to terminate within 1 year.

As of June 30, 2024, the Company did not have any finance leases.

Supplemental cash flow information related to leases was as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Cash paid for operating lease liabilities	$	1,782	$	1,657	$	4,015	$	3,908
Right-of-use asset obtained in exchange for operating lease liability	$	14	$	279	$	2,140	$	279

In February 2024, an existing operating lease was modified due to a reduction of square footage at one of the Company's offices. The result of this modification was an increase in the related right-of-use asset of $2.1 million, an increase in the corresponding lease liability of $1.4 million, and a noncash gain of $0.7 million recorded as a reduction of the lease cost within cost of revenue and operating expenses. In connection with the lease modification, the Company also recorded a loss on disposal of assets of $0.8 million which is included in other income, net in the accompanying unaudited condensed consolidated statements of comprehensive loss.

In January 2023, an existing operating lease was modified due to a change in future payments. The result of the 2023 modification was a decrease in the related right-of-use asset and corresponding lease liability of $1.0 million.

As of June 30, 2024, maturities of lease liabilities were as follows (in thousands):


Year Ending December 31,	Amount
Remaining 2024	$	3,791
2025	3,932
2026	3,893
2027	3,796
2028	3,856
2029	3,913
Thereafter	14,486
Total operating lease payments	37,667
Less: Imputed interest	(8,403)

Total operating lease liabilities	$	29,264