Leases

12 Months Ended

Dec. 31, 2021

Leases The Company’s material operating leases consist of office space and data center space. The Company’s leases generally have remaining terms of one to 17 years, some of which include one or more options to extend the leases up to 15 years. Additionally, some lease contracts include termination options. Generally, the lease term is the minimum of the non-cancelable period of the lease or the lease term inclusive of reasonably certain renewal periods.

The components of lease cost were as follows (in thousands):


	Year Ended December 31,
	2020		2021
Operating lease cost(1)	$	91,248	$	83,317
Short-term lease cost(1)	632		2,641

Variable lease cost(1)	12,309		13,895
Sublease income(2)	(143)		(305)
Lease cost, net(3)	$	104,046	$	99,548

(1) Classified within operations and support, product development, sales and marketing, and general and administrative expenses in the consolidated statements of operations.

(2) Classified within other income (expense), net on the consolidated statements of operations.

(3) Lease costs do not include lease impairments due to restructuring. Refer to Note 17, Restructuring, for additional information.

Supplemental disclosures of cash flow information related to leases were as follows (in thousands):


	Year Ended December 31,
	2020		2021
Cash paid for operating lease liabilities	$	63,407	$	92,286
Lease liabilities arising from obtaining right-of-use assets	103,452		17,889

Lease term and discount rate were as follows:


	As of December 31,
	2020		2021
Weighted-average remaining lease term (years)	8.1		7.2
Weighted-average discount rate	6.6	%	6.8	%

Maturities of lease liabilities (excluding short-term leases) were as follows as of December 31, 2021 (in thousands):


Year Ending December 31,	Amount
2022	$	89,717
2023	69,923
2024	57,402
2025	89,898
2026	82,153
Thereafter	195,539
Total lease payments	584,632
Less: Imputed interest	(148,670)
Present value of lease liabilities	435,962
Less: Current portion of lease liabilities	(63,479)
Total long-term lease liabilities	$	372,483