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Leases
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases Leases
We have operating leases for office facilities and finance leases for office equipment. Our leases have remaining terms of less than one year to just over ten years, some of which include one or more options to renew, with renewal terms up to five years and some of which include options to terminate the leases within the next one to four years. The ROU assets and liabilities at December 31, 2021 assume we exercise the option to early terminate one of our leases in 2025.
The components of lease expense were as follows:
Year Ended December 31,
(in thousands)
202120202019
Operating lease cost
$7,634 $9,870 $6,045 
Finance lease cost
Amortization of ROU assets
$7 $242 $607 
Interest on lease liabilities
5 6 7 
Total finance lease cost
$12 $248 $614 
Rent expense for short-term leases in 2021, 2020 and 2019 was not material.
Supplemental information related to leases was as follows:
December 31, 2021December 31, 2020
Operating leases
Weighted average remaining lease term
9.2 years10.0 years
Weighted average discount rate
5.5%5.6%
Year Ended December 31,
(in thousands)
202120202019
ROU assets obtained in exchange for lease obligations
Operating leases
$3,137 $3,188 $39,170 
Finance leases
— — 11 
In 2020, we received proceeds from lease incentives of $14.2 million. The proceeds from lease incentives received are included with the change in the lease liabilities under the other current and noncurrent liabilities caption in the operating activities section of the statement of cash flows.
Maturities of operating lease liabilities at December 31, 2021 were as follows:
(in thousands)
Year ending December 31,
2022$5,446 
20238,260 
20248,396 
20258,221 
20267,421 
Thereafter
37,423 
Total lease payments
75,167 
Less: Imputed interest
(17,801)
Total
$57,366 
Leases Leases
We have operating leases for office facilities and finance leases for office equipment. Our leases have remaining terms of less than one year to just over ten years, some of which include one or more options to renew, with renewal terms up to five years and some of which include options to terminate the leases within the next one to four years. The ROU assets and liabilities at December 31, 2021 assume we exercise the option to early terminate one of our leases in 2025.
The components of lease expense were as follows:
Year Ended December 31,
(in thousands)
202120202019
Operating lease cost
$7,634 $9,870 $6,045 
Finance lease cost
Amortization of ROU assets
$7 $242 $607 
Interest on lease liabilities
5 6 7 
Total finance lease cost
$12 $248 $614 
Rent expense for short-term leases in 2021, 2020 and 2019 was not material.
Supplemental information related to leases was as follows:
December 31, 2021December 31, 2020
Operating leases
Weighted average remaining lease term
9.2 years10.0 years
Weighted average discount rate
5.5%5.6%
Year Ended December 31,
(in thousands)
202120202019
ROU assets obtained in exchange for lease obligations
Operating leases
$3,137 $3,188 $39,170 
Finance leases
— — 11 
In 2020, we received proceeds from lease incentives of $14.2 million. The proceeds from lease incentives received are included with the change in the lease liabilities under the other current and noncurrent liabilities caption in the operating activities section of the statement of cash flows.
Maturities of operating lease liabilities at December 31, 2021 were as follows:
(in thousands)
Year ending December 31,
2022$5,446 
20238,260 
20248,396 
20258,221 
20267,421 
Thereafter
37,423 
Total lease payments
75,167 
Less: Imputed interest
(17,801)
Total
$57,366