| 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 | | March 31, 2026 | | December 31, 2025 | | Assets | | | | | | | | Operating lease assets | | Operating lease assets | | $ | 193,796 | | | $ | 201,492 | | | Total lease assets | | | | $ | 193,796 | | | $ | 201,492 | | | Liabilities | | | | | | | | Current | | | | | | | | Operating lease liabilities | | Accounts payable, accrued expenses and other | | $ | 37,779 | | | $ | 37,211 | | | Noncurrent | | | | | | | | Operating lease liabilities | | Noncurrent operating lease liabilities | | 214,955 | | | 224,510 | | | Total lease liabilities | | | | $ | 252,734 | | | $ | 261,721 | |
The table below summarizes total lease costs: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | Lease Cost | | 2026 | | 2025 | | | | | | Operating lease costs | | $ | 12,836 | | | $ | 12,608 | | | | | | | | | | | | | | | | Variable lease costs and other | | 4,534 | | | 4,755 | | | | | | | Total lease cost, net | | $ | 17,370 | | | $ | 17,363 | | | | | |
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 March 31, 2026 | 2026 (remaining) | $ | 42,914 | | | 2027 | 53,649 | | | 2028 | 45,376 | | | 2029 | 34,853 | | | 2030 | 29,534 | | | Thereafter | 107,542 | | | Total future lease payments | 313,868 | | | Less: imputed interest | (61,134) | | | Total | $ | 252,734 | |
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: | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | | | 2026 | | 2025 | | Cash paid for amounts included in the measurement of operating lease liabilities | | | | | $ | 14,158 | | $ | 14,214 | | | | | | | | | | Operating lease assets obtained in exchange for lease liabilities | | | | | $ | 2,841 | | $ | 369 | | | | | | | | | | Weighted average remaining lease term (years) | | | | | | | | | Operating leases | | | | | 7.2 | | 7.5 | | | | | | | | | | Weighted average discount rate | | | | | | | | Operating leases | | | | | 5.9 | % | | 6.0 | % |
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