Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.25.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases  
Schedule of lease cost and other information about leases

    

Year Ended December 31, 

(in thousands)

2024

2023

2022

Lease cost:

Operating lease cost (1)

$

11,463

$

10,359

$

10,922

Finance lease cost

Depreciation of finance lease assets (2)

2,098

1,770

1,191

Interest on finance lease liabilities (3)

212

223

139

Short-term lease cost (1)

1,208

1,058

1,080

Sublease income (1)

(978)

(622)

Total lease cost

$

14,981

$

12,432

$

12,710

 

 

 

Other information:

Cash paid for amounts included in the measurement of lease liabilities

Operating cash outflows from operating leases

$

10,471

$

7,641

$

5,367

Operating cash outflows from finance leases

$

240

$

155

$

132

Financing cash outflows from finance leases

$

2,475

$

2,314

$

1,924

(1) Included in Cost of revenue, Sales, marketing and customer support, Product development and General and administrative expenses in the accompanying Consolidated Statements of Operations and Comprehensive Income.
(2) Included in Depreciation and amortization in the accompanying Consolidated Statements of Operations and Comprehensive Income.
(3) Included in Interest expense in the accompanying Consolidated Statements of Operations and Comprehensive Income.
Schedule of weighted-average remaining lease terms and discount rates

The following table presents weighted-average remaining lease terms and weighted-average discount rates for finance and operating leases as of December 31, 2024 and 2023, respectively:

    

Year Ended December 31, 

2024

2023

Weighted-average remaining lease term - operating leases (in years)

 

11.8

13.6

Weighted-average remaining lease term - finance leases (in years)

 

1.4

2.2

Weighted-average discount rate - operating leases

4.8%

4.6%

Weighted-average discount rate - finance leases

 

5.5%

5.3%

Schedule of the future operating lease commitment under agreement

    

December 31, 2024

(in thousands)

Operating Leases

Finance Leases

2025

$

11,763

$

2,649

2026

 

10,750

 

819

2027

 

10,123

 

2028

 

8,878

 

2029

 

8,713

 

Thereafter

67,153

Total lease payments

 

117,380

 

3,468

Less amount representing interest

 

(29,035)

 

(144)

Present value of total lease payments

$

88,345

$

3,324

Schedule of maturities of finance lease liabilities

    

December 31, 2024

(in thousands)

Operating Leases

Finance Leases

2025

$

11,763

$

2,649

2026

 

10,750

 

819

2027

 

10,123

 

2028

 

8,878

 

2029

 

8,713

 

Thereafter

67,153

Total lease payments

 

117,380

 

3,468

Less amount representing interest

 

(29,035)

 

(144)

Present value of total lease payments

$

88,345

$

3,324