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 June 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:


	June 30, 2025

	(In thousands)
Remaining six months of 2025	$	6,976
2026	13,601
2027	11,637
2028	9,948
2029	3,176
Thereafter	1,935
Total operating lease payments	47,273
Present value adjustment	(4,658)
Total operating lease liabilities (1)	$	42,615

(1) Amount consists of a current and long-term portion of operating lease liabilities of $11.9 million and $30.8 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 $2.7 million and $2.6 million for the three months ended June 30, 2025 and 2024, respectively, and $5.1 million and $5.2 million for the six months ended June 30, 2025 and 2024, respectively. Short-term lease costs and variable lease costs were not material for the three and six months ended June 30, 2025 and 2024.

The following table summarizes supplemental cash flow information related to the Company’s operating leases:


	Six Months Ended June 30,
	2025		2024

	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities	$	7,012	$	6,765
Right-of-use assets obtained in exchange for new lease liabilities	$	6,022	$	5,509

The following table summarizes the weighted-average remaining lease term and weighted-average discount rate related to the Company’s operating leases:


	June 30, 2025		December 31, 2024
Weighted-average remaining lease term, years	3.8		4.1
Weighted-average discount rate, %	5.5	%	5.8	%