The Company primarily leases office space, data centers, vehicles and equipment. Some of the Company's leases contain

variable lease payments, typically payments based on an index. The Company’s leases have remaining lease terms of one year

to thirty years, some of which include options to extend from one to five years or more. The exercise of lease renewal options is

typically at the Company's sole discretion; therefore, the majority of renewals to extend the lease terms are not reasonably

certain to exercise and are not included in Right of Use (ROU) assets and lease liabilities. Variable lease payments based on an

index or rate are initially measured using the index or rate in effect at lease commencement. Additional payments based on the

change in an index or rate are recorded as a period expense when incurred. Lease modifications result in remeasurement of the

Other assets include ROU assets, other current liabilities include short-term operating lease liabilities and other non-current

liabilities include long-term lease liabilities at December 31, 2024 and 2023 as follows (in thousands):


	2024	2023
ROU assets	$77,998	$86,579
Short term lease liabilities	$24,340	$23,476
Long term lease liabilities	$64,718	$75,796

The Company does not recognize ROU assets and lease liabilities for short-term leases that have a term of twelve months or

less. The effect of short-term leases were not material to the ROU assets and lease liabilities.

Under ASC 842, the Company discounts future lease obligations by the rate implicit in the contract, unless the rate cannot be

readily determined. As most of our leases do not provide an implicit rate, the Company uses its incremental borrowing rate

based on the information available at the lease commencement date in determining the present value of the lease payments. In

determining the borrowing rate, the Company considers the applicable lease terms, the Company's cost of borrowing and for

leases denominated in a foreign currency, the collateralized borrowing rate that the Company would obtain to borrow in the

Total lease costs for the years ended December 31, 2024, 2023 and 2022 were $26.9 million, $29.7 million and $24.1 million,

respectively. Variable lease costs and short-term lease costs were immaterial for all periods presented.

The supplementary cash and non-cash disclosures for the years ended December 31, 2024, 2023 and 2022 are as follows (in


	2024	2023	2022
Cash paid for operating lease liabilities	$29,913	$31,388	$25,403
ROU assets obtained in exchange for new operating lease obligations	$10,505	$22,764	$31,204
Weighted-average remaining lease term (years)	5.33	5.62	6.09
Weighted-average discount rate	5.17%	5.19%	3.64%

Maturities of lease liabilities as of December 31, 2024 were as follows (in thousands):


2025		$27,012
2026		22,683
2027		14,341
2028		10,659
2029		7,994
Thereafter		17,392
Total lease payments		100,081
Less imputed interest		11,023
Present value of lease liabilities		$89,058