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Lessee Leases
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Lessee Leases Lessee Leases
The Company has operating leases for office buildings, data centers, office equipment, and vehicles. The Company’s leases have initial terms of one to 12 years. As of December 31, 2021, the Company did not have any additional material operating leases that were entered into, but not yet commenced.
The maturity schedule of future minimum lease payments under operating leases and the reconciliation to the operating lease liabilities reported on the Consolidated Balance Sheets was as follows:
December 31, 2021
(In thousands)
2022$15,434 
202311,553 
202410,037 
20256,899 
20266,457 
Thereafter10,883 
Total operating lease payments61,263 
Present value adjustment(8,405)
Total operating lease liabilities (1)
$52,858 
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(1)    Amount consists of a current and long-term portion of operating lease liabilities of $12.9 million and $39.9 million, respectively. The current portion of the operating lease liabilities is included in accrued liabilities in the Consolidated Balance Sheets.
Operating lease costs were $15.0 million, $14.3 million, and $14.6 million for the years ended December 31, 2021, 2020, and 2019, respectively. Short-term lease costs and variable lease costs were not material for the years ended December 31, 2021, 2020, and 2019, respectively.
The following table summarizes supplemental cash flow information related to the Company’s operating leases for the years ended December 31, 2021, 2020, and 2019:
Year Ended December 31,
202120202019
(In thousands)
Cash paid for amounts included in the measurement of lease liabilities$15,625 $14,490 $14,636 
Right-of-use assets obtained in exchange for new lease liabilities$5,503 $10,025 $1,204 
The following table summarizes the weighted-average remaining lease term and weighted-average discount rate related to the Company’s operating leases as of December 31, 2021 and 2020:
December 31,
20212020
Weighted-average remaining lease term, years5.25.9
Weighted-average discount rate, %5.5 %5.8 %