XML 45 R34.htm IDEA: XBRL DOCUMENT v3.23.3
Leases (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of Components of Lease Expense
The components of lease expense are as follows (in thousands):
 Three Months EndedNine Months Ended
 September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Operating lease cost
$21,097 $20,719 $64,243 $55,453 
Variable lease cost5,623 4,548 17,995 13,679 
Total operating lease cost$26,720 $25,267 $82,238 $69,132 
Schedule of Supplemental Cash Flow Information Related To Leases
Supplemental cash flow information related to leases is as follows (in thousands):
 Three Months EndedNine Months Ended
 September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$19,097 $14,211 $54,417 $40,952 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$28,795 $5,799 $40,704 $230,119 
Decrease in operating lease right-of-use assets due to impairment (See Note 16 for restructuring details) $101,077 $— $104,867 $— 
Schedule of Supplemental Balance Sheet Information Related to Leases
Supplemental balance sheet information related to leases is as follows (in thousands, except lease term and discount rate):
 As of
 September 30, 2023December 31, 2022
Operating lease right-of-use assets$410,585 $521,695
Operating lease liability, current (included in Accrued liabilities)$63,838 $54,689
Operating lease liability, non-current600,047 584,651
Total operating lease liability$663,885 $639,340
Weighted-average remaining term for operating leases (in years)8.168.62
Weighted-average discount rate for operating leases3.95 %3.80 %
Schedule of Future Lease Payments under Operating Leases
Future lease payments under operating leases as of September 30, 2023 are as follows (in thousands):
Year Ending December 31,Operating Leases
2023 (remaining 3 months)$19,411 
202489,679 
202598,026 
202699,637 
202799,170 
Thereafter380,961 
Total future lease payments786,884 
Less: imputed interest(116,149)
Less: expected tenant improvement allowance(6,850)
Total (1)
$663,885 
(1) Total lease liabilities include liabilities related to operating leases right-of-use assets which were included in the impairment charge as part of the Company’s restructuring efforts reflected in Note 16.