Leases

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Leases

LeasesThe 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
	June 30,		December 31,
	2023		2022
	(in thousands)
	(unaudited)
2023 (remainder)	$	5,625	$	12,348
2024	12,694		12,732
2025	14,136		14,006
2026	12,366		12,200
2027	12,436		12,270
Thereafter	79,107		78,386
Total lease payments	$	136,364	$	141,942
Plus: tenant incentive allowance utilized to finance leasehold improvements	9,448		9,819
Less: Interest	(41,354)		(44,124)
Present value of operating lease liabilities	$	104,458	$	107,637

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

	As of
	June 30,		December 31,
	2023		2022
	(unaudited)
Weighted average remaining lease term in years	10.5		10.8
Weighted average discount rate	7.0	%	6.9	%