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Leases
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Leases LEASES
The Company's operating leases are primarily for office facilities. The leases have remaining terms ranging from one year to eleven years and may include options to extend or terminate the lease. The depreciable life of right-of-use assets is limited by the expected lease term.
The components of lease expense are as follows (in thousands):
 Three Months Ended
 March 31, 2022March 31, 2021
Operating lease cost (1)
$15,357 $10,266 
Variable lease cost4,225 2,952 
Total operating lease cost$19,582 $13,218 
(1)Operating lease cost is presented net of sublease income. Sublease income for the three months ended March 31, 2022 and 2021, respectively, was not material.
Supplemental cash flow information related to leases is as follows (in thousands):
 Three Months Ended
 March 31, 2022March 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$13,658 $16,224 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$66,690 $5,498 
Supplemental balance sheet information related to leases is as follows (in thousands, except lease term and discount rate):
 As of
 March 31, 2022December 31, 2021
Operating lease right-of-use assets$401,154 $345,660 
Operating lease liability, current (included in Accrued liabilities)$43,273 $37,116 
Operating lease liability, non-current444,115 394,724 
Total operating lease liability$487,388 $431,840 
Weighted-average remaining term for operating leases (in years)8.478.38
Weighted-average discount rate for operating leases3.70 %3.98 %
Future lease payments under operating leases as of March 31, 2022 are as follows (in thousands):
Year Ending December 31,Operating Leases
2022 (remaining 9 months)$42,216 
202366,166 
202464,539 
202568,737 
202669,013 
Thereafter273,507 
Total future lease payments584,178 
Less: imputed interest(84,730)
Less: expected tenant improvement allowance(12,060)
Total$487,388 
As of March 31, 2022, the Company’s commitment relating to operating leases that have not yet commenced was $192.6 million. These operating leases will commence starting in fiscal year 2022 with lease terms of approximately three to eleven years.