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Leases
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases Leases
The Company has operating leases for corporate offices and data centers with initial lease terms ranging from one to 10 years. The following is a summary of lease right-of-use assets and lease liabilities related to operating leases as of December 31, 2021 and 2020:
December 31,
20212020
(in thousands)
Operating lease right-of-use assets$20,496 $29,437 
Operating lease liabilities$24,331 $34,463 
Activity related to the Company’s leases for the years ended December 31, 2021, 2020 and 2019 is as follows:
Year Ended
December 31,
202120202019
(in thousands)
Operating lease expense included as a component of occupancy expense on the accompanying consolidated statements of income$10,624 $10,439 $10,265 
Cash for amounts included in the measurement of operating lease liability$11,736 $12,060 $11,667 
 
At December 31, 2021 and 2020, the weighted average borrowing rate and weighted average remaining lease term are as follows:
December 31,
20212020
Weighted average borrowing rate2.8 %2.9 %
Weighted average remaining lease term (years)4.44.7
The following table presents the future minimum lease payments and the maturity of lease liabilities as of December 31, 2021:
Amount
(in thousands)
2022$8,104 
20235,653 
20244,405 
20252,690 
20262,544 
Thereafter2,544 
Total future lease payments25,940 
Less imputed interest(1,609)
Lease liability$24,331 
As of December 31, 2021, one U.S. lease is secured by a $0.5 million letter of credit issued under the Company’s Credit Facility (as defined in Note 17 – Commitments and Contingencies). As of December 31, 2020, this lease was secured by a letter of credit in the amount of $1.2 million, which was guaranteed by Refinitiv. During the year ended December 31, 2021, the letter of credit guaranteed by Refinitiv was replaced with the letter of credit issued under the Company’s Credit Facility.