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The Company has non-cancelable operating leases with various terms through September 2038, primarily for office space. The following table provides additional information about the Company’s leases:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2023 |
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2022 |
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2023 |
|
2022 |
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Lease costs |
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Operating lease costs |
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$ |
8,687 |
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$ |
7,734 |
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|
$ |
26,339 |
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$ |
23,344 |
|
Finance lease costs |
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— |
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7 |
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— |
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24 |
|
Short-term lease costs |
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Operating lease costs |
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|
234 |
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|
152 |
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|
|
635 |
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|
431 |
|
Finance lease costs |
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|
— |
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2 |
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— |
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|
7 |
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Sublease income |
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|
(193 |
) |
|
(122 |
) |
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|
(439 |
) |
|
(319 |
) |
Lease costs – net |
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$ |
8,728 |
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$ |
7,773 |
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$ |
26,535 |
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$ |
23,487 |
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Cash paid for amounts included in the measurement of lease liabilities |
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Operating cash flows from operating leases |
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$ |
23,245 |
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$ |
18,419 |
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Non-cash related activities |
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Right-of-use assets obtained in exchange for new operating lease liabilities |
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9,948 |
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63,882 |
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Weighted average discount rate (percent) |
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Operating leases |
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5.1 |
% |
|
4.6 |
% |
Finance leases |
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— |
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3.2 |
% |
Weighted average remaining lease term (years) |
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Operating leases |
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8.3 |
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7.6 |
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Finance leases |
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— |
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2.1 |
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