Leases (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Leases [Abstract] |
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| Schedule of Lease Position |
The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheets (in thousands, except for remaining lease terms and percentages): | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | Operating Leases | | | | | Assets | | | | Operating lease right-of-use assets(1) | $ | 165,579 | | | $ | 148,397 | | | Liabilities | | | | Operating lease liabilities, current(1) | $ | 28,068 | | | $ | 25,192 | | Operating lease liabilities, non-current(1) | 159,904 | | | 152,074 | | | Total operating lease liabilities | $ | 187,972 | | | $ | 177,266 | | | | | | | Finance Leases | | | | | Assets | | | | Finance lease right-of-use assets(2) | $ | 69,522 | | | $ | 79,704 | | | Liabilities | | | | Finance lease liabilities, current(3) | $ | 35,750 | | | $ | 31,268 | | Finance lease liabilities, non-current(4) | 39,572 | | | 54,351 | | | Total finance lease liabilities | $ | 75,322 | | | $ | 85,619 | | | | | | | Weighted-average remaining lease term (years) | | | | | Operating leases | 7.0 | | 7.7 | | Finance leases | 2.1 | | 2.6 | | Weighted-average discount rate | | | | | Operating leases | 6.5 | % | | 6.6 | % | | Finance leases | 6.0 | % | | 6.4 | % |
_______________ (1)In the fourth quarter of 2024, the Company recognized a $29.6 million gain in general and administrative expense as a result of a lease termination. The right-of-use asset associated with the portion of this lease was previously impaired in prior years as part of restructuring, and the extinguishment of the remaining lease liability resulted in the recorded gain. (2)This balance is included within property and equipment, net on the consolidated balance sheets and is primarily related to Flexdrive. (3)This balance is included within other current liabilities on the consolidated balance sheets and is primarily related to Flexdrive. (4)This balance is included within other liabilities on the consolidated balance sheets and is primarily related to Flexdrive.
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| Schedule of Lease Costs and Supplemental Cash Flow Information |
The table below presents certain information related to the costs for operating leases and finance leases (in thousands): | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | Operating Leases | | | | | | | Operating lease cost | $ | 36,266 | | | $ | 38,056 | | | $ | 40,450 | | | | | | | | | Finance Leases | | | | | | | Amortization of right-of-use assets | 31,563 | | | 29,565 | | | 19,847 | | | Interest on lease liabilities | 4,740 | | | 5,782 | | | 3,449 | | | | | | | | | Other Lease Costs | | | | | | | Short-term lease cost | 2,806 | | | 3,380 | | | 3,749 | | Variable lease cost(1) | 7,168 | | | 9,867 | | | 10,270 | | | Total lease cost | $ | 82,543 | | | $ | 86,650 | | | $ | 77,765 | |
_______________ (1)Consists primarily of common-area maintenance, taxes and utilities for real estate leases. The table below presents certain supplemental information related to the cash flows for operating and finance leases recorded on the consolidated statements of cash flows (in thousands): | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | Cash paid for amounts included in the measurement of lease liabilities | | | | | | | Operating cash flows from operating leases | $ | 42,474 | | | $ | 60,479 | | | $ | 59,318 | | | Operating cash flows from finance leases | 4,184 | | | 5,312 | | | 3,558 | | | Financing cash flows from finance leases | 41,250 | | | 46,748 | | | 43,466 | |
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| Schedule of Operating Lease Liabilities |
The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities recorded on the consolidated balance sheet as of December 31, 2025 (in thousands): | | | | | | | | | | | | | | | | | | | Operating Leases | | Finance Leases | | Total Leases | | 2026 | $ | 38,168 | | | $ | 38,799 | | | $ | 76,967 | | | 2027 | 38,733 | | | 23,573 | | | 62,306 | | | 2028 | 31,876 | | | 18,480 | | | 50,356 | | | 2029 | 30,503 | | | 309 | | | 30,812 | | | 2030 | 21,561 | | | — | | | 21,561 | | | Thereafter | 72,063 | | | — | | | 72,063 | | | Total minimum lease payments | 232,904 | | | 81,161 | | | 314,065 | | | Less: amount of lease payments representing interest | (44,932) | | | (5,839) | | | (50,771) | | | Present value of future lease payments | 187,972 | | | 75,322 | | | 263,294 | | | Less: current obligations under leases | (28,068) | | | (35,750) | | | (63,818) | | | Long-term lease obligations | $ | 159,904 | | | $ | 39,572 | | | $ | 199,476 | |
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| Schedule of Finance Lease Liabilities |
The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities recorded on the consolidated balance sheet as of December 31, 2025 (in thousands): | | | | | | | | | | | | | | | | | | | Operating Leases | | Finance Leases | | Total Leases | | 2026 | $ | 38,168 | | | $ | 38,799 | | | $ | 76,967 | | | 2027 | 38,733 | | | 23,573 | | | 62,306 | | | 2028 | 31,876 | | | 18,480 | | | 50,356 | | | 2029 | 30,503 | | | 309 | | | 30,812 | | | 2030 | 21,561 | | | — | | | 21,561 | | | Thereafter | 72,063 | | | — | | | 72,063 | | | Total minimum lease payments | 232,904 | | | 81,161 | | | 314,065 | | | Less: amount of lease payments representing interest | (44,932) | | | (5,839) | | | (50,771) | | | Present value of future lease payments | 187,972 | | | 75,322 | | | 263,294 | | | Less: current obligations under leases | (28,068) | | | (35,750) | | | (63,818) | | | Long-term lease obligations | $ | 159,904 | | | $ | 39,572 | | | $ | 199,476 | |
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