Leases

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Leases

Leases

Our leases primarily relate to office facilities that have remaining terms of up to 9.3 years, some of which include one or more options to renew with renewal terms of up to 5 years and some of which include options to terminate the leases within 1 year. All of our leases are classified as operating leases.

The components of lease expense were as follows:

	Three Months Ended March 31,
	2023		2022
	(in thousands)
Operating lease cost	$	4,381	$	5,013
Short-term lease costs	324		391
Variable lease costs	2,289		2,385
Total lease costs	$	6,994	$	7,789

Supplemental balance sheet information related to the operating leases was as follows:

	As of March 31, 2023		As of December 31, 2022
Weighted average remaining lease term (in years) - operating leases	6.4		6.6
Weighted average discount rate - operating leases	6.2	%	6.2	%

Supplemental cash flow information related to leases was as follows:

	Three Months Ended March 31,
	2023		2022
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities	$	6,689	$	4,659
ROU assets obtained in exchange for new lease obligations	$	1,151	$	8,864

Maturities of operating lease liabilities as of March 31, 2023 were as follows (in thousands):

2023 (for the remaining nine months)	$	13,309
2024	19,067
2025	18,159
2026	16,782
2027	15,952
2028 and thereafter	34,955
Total lease payments	$	118,224
Less: imputed interest	(21,257)
Total	$	96,967