Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

Leases

We lease office space, data centers and office equipment under non-cancelable operating leases with various expiration dates through 2031. 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):

	Year Ended December 31,
	2022		2021		2020
Operating lease cost	$	10,499	$	9,692	$	8,888
Cash paid for amounts included in the measurement of operating lease liabilities	12,723		11,809		10,177
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	7,474		5,158		10,073

	December 31, 2022		December 31, 2021
Weighted-average remaining lease term — operating leases	3.4 years		4.2 years
Weighted-average discount rate — operating leases	3.9	%	3.6	%

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

Year Ended December 31,	Operating Leases(1)
2023	$	13,446
2024	12,105
2025	9,915
2026	5,713
2027	805
2028 and thereafter	283
Total lease payments	42,267
Less: imputed interest(2)	2,730
Present value of lease liabilities	$	39,537

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(1)Operating lease payments exclude $5.9 million of legally binding minimum lease payments for leases executed but not yet commenced and includes $0.4 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.