Leases (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Operating Lease Assets and Liabilities

The table below presents the operating lease-related assets and liabilities (in thousands):


	Year Ended December 31,
Balance Sheet Classification	2023			2022
Operating lease right-of-use assets	$	48,210		$	60,379
Current operating lease liabilities	$	13,605		$	14,334
Non-current operating lease liabilities	$	42,905		$	54,153
Weighted-average remaining term (years)	4.1			4.9
Weighted-average discount rate	5.2		%	5.1		%

Schedule of Lease, Cost

The table below presents certain information related to the lease costs for operating leases which are allocated to cost of revenue, sales and marketing, research and development, and general and administrative expenses (in thousands):


	Year Ended December 31,
	2023		2022		2021
Operating lease cost	$	16,674	$	20,783	$	28,676
Short-term lease cost	1,406		1,272		9,683
Variable lease cost	4,923		1,419		7,862
Total lease cost	$	23,003	$	23,474	$	46,221

Schedule of Finance Lease Assets and Liabilites

The table below presents the finance lease-related assets and liabilities (in thousands):


	Year Ended December 31,
	2023			2022			Balance Sheet Classification
Finance lease right-of-use assets	$	159,414		$	65,187		Property and equipment, net
Current finance lease liabilities	$	19,683		$	22,304		Accrued and other current liabilities
Non-current finance lease liabilities	$	144,174		$	44,736		Other non-current liabilities
Weighted-average remaining term (years)	7.0			3.4
Weighted-average discount rate	5.6		%	5.0		%

Schedule of Operating Sublease

For the years ended December 31, 2023 and 2022, the Company has the following operating sublease information (in thousands):


	Year Ended December 31,
	2023		2022
Fixed sublease expense	$	627	$	4,736
Variable sublease expense	153		1,023
Sublease income	(597)		(5,334)
Variable sublease income	(153)		(1,023)
Net sublease (income) loss	$	30	$	(598)

Schedule of Lease Liability Maturity

Undiscounted cash flow—The tables below reconcile the undiscounted cash flows for each of the first five years and total of the remaining years to the operating and finance lease liabilities recorded in the consolidated balance sheets (in thousands):


	As of December 31, 2023
	Operating Leases		Finance Leases		Total
2024	$	16,046	$	27,511	$	43,557
2025	15,531		27,471		43,002
2026	13,906		27,448		41,354
2027	11,368		27,446		38,814
2028	4,802		27,446		32,248
Thereafter	694		54,893		55,587
Total lease payments	62,347		192,215		254,562
Less: amount representing interest	(5,837)		(28,358)		(34,195)
Present value of future lease payments	56,510		163,857		220,367
Less: current obligations under leases	(13,605)		(19,683)		(33,288)
Non-current lease obligations	$	42,905	$	144,174	$	187,079