Leases

6 Months Ended

Jun. 30, 2022

Leases We lease office space, data centers and office equipment under non-cancelable operating leases with various expiration dates through 2027. In August 2014, we signed a lease for office space in Tysons, Virginia, where we relocated our headquarters to in February 2016. We have subsequently entered into amendments to this lease to provide us with additional office space. The lease term ends in 2026, includes a five-year renewal option and a cumulative tenant improvement allowance of $12.1 million.

Supplemental information related to leases is presented in the table below (in thousands, except weighted-average term and discount rate):


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022		2021
Operating lease cost	$	2,592		$	2,357		$	5,065	$	4,695
Cash paid for amounts included in the measurement of operating lease liabilities	3,125			2,905			6,100		5,677
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	3,930			791			5,712		1,015

	June 30, 2022			December 31, 2021
Weighted-average remaining lease term — operating leases	3.8 years			4.2 years
Weighted-average discount rate — operating leases	3.6		%	3.6		%

Maturities of lease liabilities are as follows (in thousands):


Year Ended December 31,	Operating Leases(1)
Remainder of 2022	$	6,525
2023	12,927
2024	11,567
2025	9,310
2026	5,112
2027 and thereafter	1,017
Total lease payments	46,458
Less: imputed interest(2)	3,057
Present value of lease liabilities	$	43,401

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(1)Operating lease payments exclude $6.4 million of legally binding minimum lease payments for leases executed but not yet commenced and includes $1.0 million for options to extend lease terms that were reasonably certain of being exercised.

(2)Imputed interest was calculated using the incremental borrowing rate applicable for each lease.

We did not have any finance leases or subleases as of June 30, 2022 or December 31, 2021. Our lease agreements do not contain any material residual value guarantees, restrictive covenants or variable lease payments. Short-term lease costs were immaterial for the three and six months ended June 30, 2022 and 2021.