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Leases (Tables)
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Summary of Non-cancelable Operating Leases
The following table presents maturity of lease liabilities under the Company’s non-cancelable operating leases as of June 30, 2022 (in thousands):
Remainder of 2022$33,037 
202345,700 
202486,181 
202575,049 
202663,949 
Thereafter281,573 
Total lease payments$585,489 
Less: interest(1)
130,033 
Present value of lease liabilities$455,456 
(1)Calculated using the interest rate for each lease.
Summary of Supplemental Information
The following table presents supplemental information for leases that have commenced as of and for the six months ended June 30, 2022 (in thousands, except for weighted average and percentage data):
Weighted average remaining lease term8.59
Weighted average discount rate4.9 %
Cash paid for amounts included in the measurement of lease liabilities(1)
$29,899
Lease liabilities arising from obtaining new ROU assets(2)
$232,578
(1)Excludes $0.7 million of leasehold incentives received from the landlord.
(2)Includes $125.5 million in line with the original commitment, relating to office space in San Mateo, California, for which possession was obtained during the second quarter of 2022, with a term of approximately 13 years, with two renewal options of 5 years each.