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Leases
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Leases Leases
The Company leases office space, equipment and vehicles throughout the world. Many of the Company's operating leases include one or more options to renew at the Company's sole discretion. The lease renewal option terms generally range from 1 month to 5 years for office leases. The determination of whether to include any renewal or early termination options is made by the Company at lease inception when establishing the term of the lease. Based on the later of the lease's commencement date or Company's adoption of ASC-842 on January 1, 2019, the Company recognizes right-of use lease assets and lease liabilities on its consolidated balance sheets for all leases in excess of one year in duration. The lease liability represents the present value of the remaining lease payments, which only includes payments that are fixed and determinable at the time of commencement, over the lease term. The lease term may be adjusted for renewal or early termination options provided in the leases only if it is reasonably certain that the Company will exercise such options. As most of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments.

Rent expense for operating leases is recognized on a straight-line basis over the lease term from the lease commencement date through the scheduled expiration date for rent payments that are determined to be fixed, or are determinable at the lease commencement date. Some of the Company's lease arrangements require periodic increases in the Company's base rent that may be subject to certain economic indexes, among other items. In addition, these leases may require the Company to pay property taxes, utilities and other costs related to several of its leased office facilities. Typically, these amounts for such payments cannot be determined at the lease commencement date, and are identified as variable lease payment, which are recognized as incurred.

Total rent expense of $2,117 and $1,950 for the three months ended September 30, 2022 and 2021, respectively, and $6,480 and $6,193 for the nine months ended September 30, 2022 and 2021, respectively, is included in selling, general and administrative and direct expenses in the consolidated statements of operations. Total rent expense for the nine months ended September 30, 2022 and 2021 included $1,614 and $1,631, respectively, that was associated with leases with an initial term of 12 months or less, in addition to variable costs the Company is responsible for paying on all leases.

The Company subleases certain real estate to third parties. The sublease income recognized for the three months ended September 30, 2022 and 2021, was $328 and $396, respectively. The sublease income recognized for the nine months ended September 30, 2022 and 2021 was $984 and 1,190, respectively.

The following is a schedule of maturities of lease liabilities by year as of September 30, 2022:
Total Operating Lease PaymentsTotal Finance Lease Payments
2022 (excluding the nine months ended September 30, 2022)$1,481 $66 
20235,850 263 
20244,891 228 
20254,016 99 
20263,514 — 
Thereafter4,735 — 
Total minimum lease payments (1)
24,487 656 
Less amount representing imputed interest3,718 21 
Present value of lease obligations$20,769 $635 
Weighted average remaining lease term (years)5.072.59
Weighted average discount rate6.63 %2.47 %
(1) Partially includes rent expense amounts payable in various foreign currencies and are based on the foreign currency exchange spot rates as of September 30, 2022, where applicable.
Leases Leases
The Company leases office space, equipment and vehicles throughout the world. Many of the Company's operating leases include one or more options to renew at the Company's sole discretion. The lease renewal option terms generally range from 1 month to 5 years for office leases. The determination of whether to include any renewal or early termination options is made by the Company at lease inception when establishing the term of the lease. Based on the later of the lease's commencement date or Company's adoption of ASC-842 on January 1, 2019, the Company recognizes right-of use lease assets and lease liabilities on its consolidated balance sheets for all leases in excess of one year in duration. The lease liability represents the present value of the remaining lease payments, which only includes payments that are fixed and determinable at the time of commencement, over the lease term. The lease term may be adjusted for renewal or early termination options provided in the leases only if it is reasonably certain that the Company will exercise such options. As most of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments.

Rent expense for operating leases is recognized on a straight-line basis over the lease term from the lease commencement date through the scheduled expiration date for rent payments that are determined to be fixed, or are determinable at the lease commencement date. Some of the Company's lease arrangements require periodic increases in the Company's base rent that may be subject to certain economic indexes, among other items. In addition, these leases may require the Company to pay property taxes, utilities and other costs related to several of its leased office facilities. Typically, these amounts for such payments cannot be determined at the lease commencement date, and are identified as variable lease payment, which are recognized as incurred.

Total rent expense of $2,117 and $1,950 for the three months ended September 30, 2022 and 2021, respectively, and $6,480 and $6,193 for the nine months ended September 30, 2022 and 2021, respectively, is included in selling, general and administrative and direct expenses in the consolidated statements of operations. Total rent expense for the nine months ended September 30, 2022 and 2021 included $1,614 and $1,631, respectively, that was associated with leases with an initial term of 12 months or less, in addition to variable costs the Company is responsible for paying on all leases.

The Company subleases certain real estate to third parties. The sublease income recognized for the three months ended September 30, 2022 and 2021, was $328 and $396, respectively. The sublease income recognized for the nine months ended September 30, 2022 and 2021 was $984 and 1,190, respectively.

The following is a schedule of maturities of lease liabilities by year as of September 30, 2022:
Total Operating Lease PaymentsTotal Finance Lease Payments
2022 (excluding the nine months ended September 30, 2022)$1,481 $66 
20235,850 263 
20244,891 228 
20254,016 99 
20263,514 — 
Thereafter4,735 — 
Total minimum lease payments (1)
24,487 656 
Less amount representing imputed interest3,718 21 
Present value of lease obligations$20,769 $635 
Weighted average remaining lease term (years)5.072.59
Weighted average discount rate6.63 %2.47 %
(1) Partially includes rent expense amounts payable in various foreign currencies and are based on the foreign currency exchange spot rates as of September 30, 2022, where applicable.