v3.25.2
Leases
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
We have operating leases for office space, data centers and certain equipment. We also have finance leases for office space. Our leases have lease terms of 1 year to 33 years, some of which may include options to extend the leases for up to 5 years, and some of which may include options to terminate the leases within 1 year. Operating lease costs recognized in our Condensed Consolidated Statements of Operations for the three months ended June 30, 2025 and 2024 totaled $6.0 million and $5.7 million, respectively, including short-term lease costs of $1.6 million and $1.7 million, respectively. Year-to-date June 30, 2025 and 2024 operating lease costs totaled $11.5 million and $11.8 million, respectively, including short-term lease costs of $3.4 million and $2.7 million, respectively. Amortization of the right-of-use asset for our finance leases totaled $0.2 million for both the three months ended June 30, 2025 and 2024 and $0.4 million for both the six months ended June 30, 2025 and 2024. Interest expense on the finance leases liability totaled $0.5 million for both the three months ended June 30, 2025 and 2024. Interest expense on the finance leases liability totaled $1.1 million for both the six months ended June 30, 2025 and 2024.

Other information related to our leases was as follows:
(in thousands, except lease term and discount rate)As of 
June 30, 
2025		As of 
December 31, 
2024
Balance Sheet Information
Operating Leases
Right-of-use assets$88,298 $90,136 
Other current liabilities19,839 18,087 
Operating lease liabilities 77,406 79,399 
Finance Leases
Property and equipment, at cost28,321 28,321 
Accumulated depreciation(2,056)(1,658)
Property and equipment, net26,265 26,663 
Other liabilities31,249 31,021 
Weighted Average Remaining Lease Term
Operating leases 7.27 years7.37 years
Finance leases33.00 years33.50 years
Weighted Average Discount Rate
Operating leases 5.10 %5.01 %
Finance leases7.10 %7.10 %
Three Months Ended 
June 30,		Six Months Ended 
June 30,
(in thousands)2025202420252024
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$5,714 $5,438 $11,112 $11,192 
Operating cash flows from finance leases438 213 876 426 
Financing cash flows from finance leases— — — — 
Right-of-use assets obtained in exchange for operating lease obligations9,947 — 12,098 10,095 
Right-of-use assets obtained in exchange for finance lease obligations— — — — 

Future minimum lease payments under non-cancellable leases as of June 30, 2025 were as follows:
(in thousands)Operating
Leases		Finance
Leases
Remainder of 2025$14,012 $900 
202623,525 1,824 
202720,336 1,875 
202814,746 1,926 
202912,283 1,979 
Thereafter31,371 88,145 
  Total future minimum lease payments116,273 96,649 
Less: Imputed interest(19,028)(65,400)
    Total$97,245 $31,249 
Leases Leases
We have operating leases for office space, data centers and certain equipment. We also have finance leases for office space. Our leases have lease terms of 1 year to 33 years, some of which may include options to extend the leases for up to 5 years, and some of which may include options to terminate the leases within 1 year. Operating lease costs recognized in our Condensed Consolidated Statements of Operations for the three months ended June 30, 2025 and 2024 totaled $6.0 million and $5.7 million, respectively, including short-term lease costs of $1.6 million and $1.7 million, respectively. Year-to-date June 30, 2025 and 2024 operating lease costs totaled $11.5 million and $11.8 million, respectively, including short-term lease costs of $3.4 million and $2.7 million, respectively. Amortization of the right-of-use asset for our finance leases totaled $0.2 million for both the three months ended June 30, 2025 and 2024 and $0.4 million for both the six months ended June 30, 2025 and 2024. Interest expense on the finance leases liability totaled $0.5 million for both the three months ended June 30, 2025 and 2024. Interest expense on the finance leases liability totaled $1.1 million for both the six months ended June 30, 2025 and 2024.

Other information related to our leases was as follows:
(in thousands, except lease term and discount rate)As of 
June 30, 
2025		As of 
December 31, 
2024
Balance Sheet Information
Operating Leases
Right-of-use assets$88,298 $90,136 
Other current liabilities19,839 18,087 
Operating lease liabilities 77,406 79,399 
Finance Leases
Property and equipment, at cost28,321 28,321 
Accumulated depreciation(2,056)(1,658)
Property and equipment, net26,265 26,663 
Other liabilities31,249 31,021 
Weighted Average Remaining Lease Term
Operating leases 7.27 years7.37 years
Finance leases33.00 years33.50 years
Weighted Average Discount Rate
Operating leases 5.10 %5.01 %
Finance leases7.10 %7.10 %
Three Months Ended 
June 30,		Six Months Ended 
June 30,
(in thousands)2025202420252024
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$5,714 $5,438 $11,112 $11,192 
Operating cash flows from finance leases438 213 876 426 
Financing cash flows from finance leases— — — — 
Right-of-use assets obtained in exchange for operating lease obligations9,947 — 12,098 10,095 
Right-of-use assets obtained in exchange for finance lease obligations— — — — 

Future minimum lease payments under non-cancellable leases as of June 30, 2025 were as follows:
(in thousands)Operating
Leases		Finance
Leases
Remainder of 2025$14,012 $900 
202623,525 1,824 
202720,336 1,875 
202814,746 1,926 
202912,283 1,979 
Thereafter31,371 88,145 
  Total future minimum lease payments116,273 96,649 
Less: Imputed interest(19,028)(65,400)
    Total$97,245 $31,249