Lease Arrangements (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Summary of Lease Expense

Lease expense is summarized as follows (in thousands):


		For the Years Ended December 31,
		2024				2023				2022
Finance leases:
Amortization of right-of-use assets		$	4,293			$	3,356			$	3,210
Interest on lease liabilities			2,443				2,254				1,811
Operating leases:
Operating lease cost			55,110				52,226				50,142
Short-term lease cost			4,952				5,069				21,387
Variable lease cost			8,344				8,179				6,982
Total lease costs		$	75,142			$	71,084			$	83,532

Schedule of Future Minimum Lease Payments of Leases

Future minimum lease payments of our leases as of December 31, 2024 are as follows (in thousands):


Fiscal Year		Finance Lease Costs				Operating Lease Costs
2025		$	3,887			$	49,618
2026			3,071				44,588
2027			2,305				36,137
2028			1,244				27,109
2029			513				18,087
Thereafter			174				25,786
Total future minimum lease payments		$	11,194			$	201,325
Less: imputed interest			1,201				32,948
Total present value of lease liabilities		$	9,993			$	168,377

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases are summarized as follows (dollars in thousands):


		For the Years Ended December 31,
		2024				2023				2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases		$	(2,443	)		$	(2,254	)		$	(1,811	)
Financing cash flows from finance leases			(4,220	)			(4,082	)			(2,996	)
Operating cash flows from operating leases			(55,269	)			(51,621	)			(49,027	)
Right-of-use assets obtained in exchange for new finance lease liabilities			3,171				3,726				4,365
Right-of-use assets obtained in exchange for new operating lease liabilities			38,718				35,555				37,636
Weighted-average remaining lease term (in years):
Finance leases			3.07				3.06				3.22
Operating leases			4.93				5.49				5.85
Weighted-average discount rate:
Finance leases			6.68	%			7.21	%			6.47	%
Operating leases			6.83	%			7.14	%			6.47	%