The Company’s operating leases are primarily for office space and certain equipment, expiring in various years through 2029. Certain leases contain annual rent escalation clauses. The Company’s finance leases are primarily for data centers. As part of the Company’s efforts to optimize its real estate footprint, the Company terminated leases in four locations and reduced the footprint of two locations in 2021. The Company shortened the lease terms in two locations in 2022.

As of December 31, 2022, the weighted average remaining lease term for the Company’s operating and finance leases was approximately three years and eight months, respectively. The Company’s lease terms vary depending upon the class of asset and some leases include options to extend or terminate. Generally, the Company does not include renewal or termination options as a component of its present value calculation of operating leases. However, for certain real estate leases, the Company includes them if the Company is reasonably certain to exercise these renewal or termination options, the options are considered in determining the lease term and associated potential option payments or penalties are included as lease payments. In addition, the Company has lease agreements that include lease and non-lease components, which are accounted for separately. Non-lease components consist primarily of common area maintenance expenses and property taxes. Non-lease components are expensed as incurred.

The Company’s operating lease assets and liabilities are reported separately in the Consolidated Balance Sheet. The classification of the Company’s finance leases in the Consolidated Balance Sheet was as follows (in thousands):


	Consolidated Statement Balance Sheet Classification	Twelve Months Ended December 31, 2022
Finance lease right of use asset, net	Property and equipment	$	1,965
Finance lease liabilities	Accounts payable and accrued expense		1,020
Non-current finance lease liabilities	Other liabilities		—

The components of lease cost were as follows (in thousands):


	Consolidated Statement of Comprehensive Loss Classification	As of December 31, 2022

Operating lease cost	Cost of Revenue	$	1,682
Operating lease cost	General and Administrative		6,460
Finance lease cost:
Amortization of right of use assets	Cost of Revenue		1,184
Amortization of right of use assets	General and Administrative		442
Interest on lease liabilities	Interest expense		142
Sublease income	Cost of Revenue		(1,772	)
Sublease income	General and Administrative		(844	)
Total lease cost		$	7,294

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


	December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash used for operating leases	$	8,104
Financing cash used for finance leases		1,981

Maturities of lease liabilities as of December 31, 2022 were as follows:


December 31,	Finance Leases			Operating Leases
2023	$	1,057		$	8,749
2024		—			6,140
2025		—			3,136
2026		—			1,471
2027		—			331
Thereafter		—			287
Total undiscounted lease payments	$	1,057		$	20,114
Less: interest on lease obligations		(37	)		(1,924	)
Non-current	$	1,020		$	18,190

The Company’s weighted average discount rate for operating and finances leases was 8.47% and 8.18%, respectively, as of December 31, 2022. There were estimates and judgments made in determining the Company’s multiple discount rates based on term, country and currency, including developing a secured credit rating and spreading market yield data across maturities.

Rent expense totaled $11.2 million for the year ended December 31, 2021. The depreciation expense recorded for finance leases totaled $1.8 million for the year ended December 31, 2021.