Leases

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Leases

Leases

The Company leases office space for its operations around the globe. All of the Company’s leases are operating leases and have remaining lease terms ranging from less than 1 year to 13 years.

The undiscounted aggregate minimum future rental payments are as follows:

	As of
	March 31,		December 31,
	2023		2022
	(in thousands)
	(unaudited)
2023 (remainder)	$	8,516	$	12,348
2024	12,720		12,732
2025	14,054		14,006
2026	12,269		12,200
2027	12,339		12,270
Thereafter	78,681		78,386
Total lease payments	$	138,579	$	141,942
Plus: tenant incentive allowance utilized to finance leasehold improvements	9,634		9,819
Less: Interest	(42,776)		(44,124)
Present value of operating lease liabilities	$	105,437	$	107,637

The weighted average remaining lease term and weighted average discount rate of our operating leases are as follows:

	As of
	March 31,		December 31,
	2023		2022
	(unaudited)
Weighted average remaining lease term in years	10.7		10.8
Weighted average discount rate	6.9	%	6.9	%