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Lessee Leases
9 Months Ended
Sep. 30, 2025
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 twelve years. As of September 30, 2025, 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 Condensed Consolidated Balance Sheets was as follows:
September 30,
2025
(In thousands)
Remaining three months of 2025$3,476 
202613,554 
202711,592 
20289,906 
20293,135 
Thereafter1,893 
Total operating lease payments43,556 
Present value adjustment(4,066)
Total operating lease liabilities (1)
$39,490 
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(1)    Amount consists of a current and long-term portion of operating lease liabilities of $11.9 million and $27.6 million, respectively. The current portion of the operating lease liabilities is included in accrued liabilities in the Condensed Consolidated Balance Sheets.
Operating lease costs were $2.5 million for both the three months ended September 30, 2025 and 2024, and $7.6 million and $7.7 million for the nine months ended September 30, 2025 and 2024, respectively. Short-term lease costs and variable lease costs were not material for the three and nine months ended September 30, 2025 and 2024.
The following table summarizes supplemental cash flow information related to the Company’s operating leases:
Nine Months Ended September 30,
20252024
(In thousands)
Cash paid for amounts included in the measurement of lease liabilities$10,490 $9,891 
Right-of-use assets obtained in exchange for new lease liabilities$6,069 $5,831 
The following table summarizes the weighted-average remaining lease term and weighted-average discount rate related to the Company’s operating leases:
September 30,
2025
December 31,
2024
Weighted-average remaining lease term, years 3.64.1
Weighted-average discount rate, %5.5 %5.8 %