LEASES

9 Months Ended

Sep. 30, 2022

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 six 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:	2022		2021		2022		2021

Cost of revenues	$	2,439	$	2,717	$	7,848	$	7,446
Software development	1,998		1,910		5,895		4,913
Selling and marketing (excluding customer base amortization)	3,175		3,452		9,219		8,876
General and administrative	1,469		1,594		4,378		4,369
Total operating lease costs	$	9,081	$	9,673	$	27,340	$	25,604

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, 2022 and 2021.

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


Balance	Balance Sheet Location	September 30, 2022			December 31, 2021




Operating lease liabilities		$	126,004		$	134,150
Less: imputed interest		(7,072)			(8,512)
Present value of lease liabilities		118,932			125,638
Less: current portion of lease liabilities	Lease liabilities	34,063			26,268
Long-term lease liabilities	Lease and other long-term liabilities	$	84,869		$	99,370

Weighted-average remaining lease term in years		3.7			4.0
Weighted-average discount rate		3.1		%	3.1		%

Balance sheet information related to finance leases was not material as of September 30, 2022 and December 31, 2021.

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


	Nine Months Ended September 30,
	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	31,847	$	28,082

ROU assets obtained in exchange for lease obligations:
Operating leases	$	19,184	$	32,107