Leases |
Leases We lease office space and equipment under non-cancelable operating leases. The table below summarizes the carrying amount of our operating lease assets and liabilities: | | | | | | | | | | | | | | | | | | | | | Leases | | Classification | | June 30, 2025 | | December 31, 2024 | Assets | | | | | | | Operating lease assets | | Operating lease assets | | $ | 195,754 | | | $ | 198,318 | | Total lease assets | | | | $ | 195,754 | | | $ | 198,318 | | Liabilities | | | | | | | Current | | | | | | | Operating lease liabilities | | Accounts payable, accrued expenses and other | | $ | 36,018 | | | $ | 34,110 | | Noncurrent | | | | | | | Operating lease liabilities | | Noncurrent operating lease liabilities | | 216,746 | | | 208,036 | | Total lease liabilities | | | | $ | 252,764 | | | $ | 242,146 | |
The table below summarizes total lease costs: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | Lease Cost | | 2025 | | 2024 | | 2025 | | 2024 | Operating lease costs | | $ | 12,968 | | | $ | 12,364 | | | $ | 25,576 | | | $ | 24,908 | | Short-term lease costs | | 618 | | | 952 | | | 1,540 | | | 1,394 | | Variable lease costs and other | | 3,582 | | | 3,696 | | | 7,416 | | | 6,783 | | Total lease cost, net | | $ | 17,168 | | | $ | 17,012 | | | $ | 34,532 | | | $ | 33,085 | |
The maturity analysis below summarizes the remaining future undiscounted cash flows for our operating leases and includes a reconciliation to operating lease liabilities reported on the Condensed Consolidated Balance Sheets: | | | | | | | As of June 30, 2025 | 2025 (remaining) | $ | 25,634 | | 2026 | 54,556 | | 2027 | 51,848 | | 2028 | 40,935 | | 2029 | 30,677 | | Thereafter | 111,385 | | Total future lease payments | 315,035 | | Less: imputed interest | (62,271) | | Total | $ | 252,764 | |
The table below includes cash paid for our operating lease liabilities, other non-cash information, our weighted average remaining lease term and weighted average discount rate: | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | | | | | 2025 | | 2024 | Cash paid for amounts included in the measurement of operating lease liabilities | | | | | $ | 28,670 | | $ | 27,501 | | | | | | | | | Operating lease assets obtained in exchange for lease liabilities | | | | | $ | 7,489 | | $ | 13,018 | | | | | | | | | Weighted average remaining lease term (years) | | | | | | | | Operating leases | | | | | 7.2 | | 7.5 | | | | | | | | | Weighted average discount rate | | | | | | | | Operating leases | | | | | 5.9 | % | | 5.9 | % |
|