Leases

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Leases

9.LEASES

The Company leases real estate in the form of office space and data center facilities. Generally, at the inception of the contract, the term for real estate leases ranges from 1 to 17 years and the term for equipment leases is 1 to 3 years. Some real estate leases include options to renew that can extend the original term by 3 to 5 years.

The components of lease expense for the three and six months ended June 30, 2024 and 2023 were as follows (in thousands):

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Operating lease costs	$	1,299	$	1,486	$	2,707	$	2,989
Variable lease costs		1,093		1,017		2,194		1,901
Total lease costs	$	2,392	$	2,503	$	4,901	$	4,890

During the three months ended June 30, 2024 and 2023, the Company made cash payments for operating leases of $2.0 million and $1.4 million, respectively. During the six months ended June 30, 2024 and 2023, the Company made cash payments for operating leases of $3.8 million and $2.0 million, respectively.

During the six months ended June 30, 2024, the Company obtained operating lease assets in exchange for lease liabilities of $0.7 million. During the six months ended June 30, 2023, the Company did not obtain any operating lease assets in exchange for lease liabilities.