LEASES

9 Months Ended

Sep. 30, 2021

The Company has operating leases for its office facilities and data centers, as well as finance leases for office equipment. The Company's leases have remaining terms of less than one year to seven years. The leases contain various renewal and termination options. The period that is subject to an option to extend the lease is included in the lease term if it is reasonably certain that the option will be exercised. The period that is subject to an option to terminate the lease is included if it is reasonably certain that the option will not be exercised.

Lease costs related to the Company's operating leases included in the condensed consolidated statements of operations were as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
Operating lease costs:	2021		2020		2021		2020

Cost of revenues	$	2,717	$	2,992	$	7,446	$	8,732
Software development	1,910		1,628		4,913		4,412
Selling and marketing (excluding customer base amortization)	3,452		2,636		8,876		7,725
General and administrative	1,594		1,259		4,369		3,609
Total operating lease costs	$	9,673	$	8,515	$	25,604	$	24,478

The impact of lease costs related to finance leases and short-term leases was not material for the three and nine months ended September 30, 2021.

Supplemental balance sheet information related to operating leases was as follows (in thousands):


Balance	Balance Sheet Location	September 30, 2021			December 31, 2020




Operating lease liabilities		$	139,315		$	148,975
Less: imputed interest		(8,779)			(10,998)
Present value of lease liabilities		130,536			137,977
Less: current portion of lease liabilities	Lease liabilities	(29,878)			(32,648)
Long-term lease liabilities	Lease and other long-term liabilities	$	100,658		$	105,329

Weighted-average remaining lease term in years		4.2			4.0
Weighted-average discount rate		2.8		%	3.6		%

Balance sheet information related to finance leases was not material as of September 30, 2021.

Supplemental cash flow information related to leases was as follows (in thousands):


	Nine Months Ended September 30,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	28,082	$	26,924

ROU assets obtained in exchange for lease obligations:
Operating leases	$	32,107	$	11,124