v3.26.1
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Lease Costs and Supplemental Information Related to the Company’s Condensed Consolidated Statement of Cash Flows

The following table presents the Company’s lease costs (in thousands):

 

   Years Ended December 31, 
   2025   2024   2023 
Operating lease costs  $18,412   $19,460   $19,466 
Variable lease costs   4,275    4,338    4,121 
Short-term lease costs   264    
    
 
Total lease costs  $22,951   $23,798   $23,587 

The following table provides supplemental information related to the Company’s consolidated statement of cash flows (in thousands):

 

   Years Ended December 31, 
   2025   2024   2023 
Cash paid for amounts included in present value of operating lease liabilities (b)  $22,319   $23,033   $20,817 
ROU assets obtained in exchange for operating lease liabilities   7,305    8,516    8,435 

 

(b) – Operating cash flows paid for operating leases are included within the change in operating leases, net within the Consolidated Statements of Cash Flows offset by non-cash ROU asset amortization and lease liability accretion.
Schedule of Operating Lease Liabilities

The table below reconciles the undiscounted cash flows for each of the first five years and total remaining years to the operating lease liabilities recorded on the consolidated balance sheet at December 31, 2025 (in thousands):

 

Year ended December 31,    
2026  $19,996 
2027   20,195 
2028   19,846 
2029   17,024 
2030   11,510 
Thereafter   24,108 
Total operating lease payments   112,679 
Less – lease payments representing interest   (19,698)
Present value of operating lease payments  $92,981