Tenable Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
Contents
Note
- Leases
We have operating leases for office facilities. Our leases have remaining terms ofsix months to just over eight years, some of which includeone or more options to renew, with renewal terms up tofive years and some of which include options to terminate the leases within the nextone tothree years.
The components of lease expense were as follows:
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2023 | 2022 | 2021 |
| Operating lease cost | $7,592 | $7,550 | $7,634 |
Rent expense for short-term leases was not material in 2023, 2022 and 2021.
Supplemental information related to leases was as follows:
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Operating leases | ||
| Weighted average remaining lease term | 7.3 years | 8.2 years |
| Weighted average discount rate | 5.6% | 5.6% |
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2023 | 2022 | 2021 |
| ROU assets obtained in exchange for lease obligations | |||
| Operating leases | $1,234 | $4,256 | $3,137 |
In 2023, 2022 and 2021, we did not obtain any right-of-use assets in exchange for finance lease liabilities.
Maturities of operating lease liabilities at December 31, 2023 were as follows:
| (in thousands) | |
|---|---|
| Year ending December 31, | |
| 2024 | $8,490 |
| 2025 | 9,597 |
| 2026 | 8,899 |
| 2027 | 8,412 |
| 2028 | 7,533 |
| Thereafter | 23,280 |
| Total lease payments | 66,211 |
| Less: Imputed interest | (12,182) |
| Total | $54,029 |
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