Leases (Notes)

9 Months Ended

Sep. 30, 2024

Leases

The Company has operating leases for data centers, computer infrastructure, corporate offices and certain equipment. These leases have remaining lease terms ranging from 1 year to 9 years. Some of these leases include options to extend for up to 15 years, and some include options to terminate within 1 year.

As of September 30, 2024, the Company did not have any finance leases.

Supplemental cash flow information related to leases was as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Cash paid for operating lease liabilities	$	1,790	$	1,859	$	5,805	$	5,767
Right-of-use asset obtained in exchange for operating lease liability	$	229	$	86	$	2,369	$	365

In February 2024, an existing operating lease was modified due to a reduction of square footage at one of the Company's offices. The result of this modification was an increase in the related right-of-use asset of $2.1 million, an increase in the corresponding lease liability of $1.4 million, and a noncash gain of $0.7 million recorded as a reduction of the lease cost within cost of revenue and operating expenses. In connection with the lease modification, the Company also recorded a loss on disposal of assets of $0.8 million which is included in other income (expense), net in the accompanying unaudited condensed consolidated statements of comprehensive income (loss).

In January 2023, an existing operating lease was modified due to a change in future payments. The result of the 2023 modification was a decrease in the related right-of-use asset and corresponding lease liability of $1.0 million.

As of September 30, 2024, maturities of lease liabilities were as follows (in thousands):


Year Ending December 31,	Amount
Remaining 2024	$	1,948
2025	4,136
2026	3,914
2027	3,809
2028	3,862
2029	3,913
Thereafter	14,486
Total operating lease payments	36,068
Less: Imputed interest	(7,996)

Total operating lease liabilities	$	28,072