v3.25.2
Leases
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases

11. Leases

The Company leases office facilities under non-cancelable operating leases that expire at various dates through February 2035.

Operating lease expense and cash payments related to operating lease liabilities for the three and six months ended June 30, 2025 and 2024 are as follows:
 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

2024

 

 

2025

 

2024

 

 

 

(in thousands)

 

 

(in thousands)

 

Operating lease expense

 

$

10,287

 

$

9,860

 

 

$

20,326

 

$

19,740

 

Cash payments

 

 

13,316

 

 

13,555

 

 

 

23,641

 

 

29,425

 

The Company subleases some of its unused spaces to third parties. Operating sublease income generated under all operating lease agreements for the three and six months ended June 30, 2025 and 2024 are as follows:
 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

2024

 

 

2025

 

2024

 

 

 

(in thousands)

 

 

(in thousands)

 

Operating sublease income

 

$

1,803

 

$

1,679

 

 

$

3,329

 

$

3,926