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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Summary of Lease Cost and Supplemental Cash Flow Information

The components of lease cost were as follows:

 

 

 

Year End December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

(In Thousands)

 

 

 

Operating lease cost

 

$

12,586

 

 

$

11,067

 

 

$

9,208

 

Short-term lease cost

 

 

305

 

 

 

297

 

 

 

563

 

Total lease cost (1)

 

$

12,891

 

 

$

11,364

 

 

$

9,771

 

_______________________

(1)
Included in cost of revenue, sales and marketing, research and development and general and administration in the Company’s consolidated statement of operations.

Supplemental cash flow information related to leases was as follows:

 

 

 

 

Year End December 31,

 

 

 

 

2023

 

 

2022

 

 

2021

 

(In Thousands)

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

Operating cash flows relating to operating leases

 

 

$

12,697

 

 

$

9,907

 

 

$

9,474

 

 

 

 

 

 

 

 

 

 

 

Lease liabilities arising from obtaining right-of-use assets:

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

$

6,987

 

 

$

26,511

 

 

$

1,773

 

Summary of Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:

 

 

 

As of December 31,

 

 

 

2023

 

 

2022

 

Weighted Average Remaining Lease Term (in years)

 

 

 

 

 

 

Operating leases

 

 

4.6

 

 

 

4.6

 

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

 

 

Operating leases

 

 

5.8

%

 

 

4.9

%

Schedule of Operating Lease Liability Maturities

As of December 31, 2023, maturities of operating lease liabilities were as follows (in thousands):

 

 

 

Operating Lease

 

2024

 

$

13,814

 

2025

 

 

11,627

 

2026

 

 

8,452

 

2027

 

 

7,789

 

2028

 

 

1,451

 

Thereafter

 

 

5,422

 

Total lease payments

 

 

48,555

 

Less imputed interest

 

 

(6,988

)

Total

 

$

41,567