v3.25.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2025
LEASES  
Schedule of components of lease expense

Three Months Ended 

Six Months Ended 

June 30

June 30

    

2025

    

2024

    

2025

    

2024

 

(in thousands)

Operating lease expense

$

11,630

$

10,742

$

22,767

$

21,018

Variable lease expense

2,658

1,938

4,707

3,619

Sublease income

(1,162)

(728)

(2,159)

(1,374)

Total operating lease expense

$

13,126

$

11,952

$

25,315

$

23,263

Schedule of operating cash flows from operating lease activity

Six Months Ended 

June 30

2025

2024

 

(in thousands)

Noncash change in operating right-of-use assets

$

16,326

$

16,971

Cash payments to obtain right-of-use assets

(11,500)

(7,752)

Change in operating lease liabilities

(16,247)

(16,481)

Changes in operating right-of-use assets and lease liabilities, net

$

(11,421)

$

(7,262)

Supplemental cash flow information

Cash paid for amounts included in the measurement of operating lease liabilities

$

22,734

$

20,518

Right-of-use assets obtained in exchange for operating lease liabilities

$

41,978

$

26,001

Schedule of maturities of operating lease liabilities

Operating

Lease

    

Liabilities(1)

    

 

(in thousands)

Remainder of 2025

$

22,972

2026

 

44,885

2027

 

40,301

2028

 

36,670

2029

 

31,594

Thereafter

 

131,342

Total lease payments

307,764

Less imputed interest

(57,691)

Total

$

250,073

(1)Excludes future minimum lease payments for leases which were executed but had not yet commenced as of June 30, 2025, totaling $0.4 million, which will be paid over approximately 2 years.