v3.26.1
Operating Leases (Tables)
3 Months Ended
Mar. 31, 2026
Lessee Disclosure [Abstract]  
Schedule of Net Lease Cost

The table below summarizes our net lease cost for the three months ended March 31, 2026 and 2025 (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Operating lease cost

 

$

29,429

 

 

$

27,550

 

Short-term lease cost

 

 

378

 

 

 

351

 

Variable lease cost

 

 

7,204

 

 

 

7,219

 

Sublease income

 

 

(249

)

 

 

(79

)

Net lease cost

 

$

36,762

 

 

$

35,041

 

The table below summarizes other information related to our operating leases as of and for the three months ended March 31, 2026 (in thousands):

Operating lease cash flows

 

$

28,892

 

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

 

$

6,089

 

Weighted-average remaining lease term (years)

 

 

12.0

 

Weighted-average discount rate

 

 

5.11

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of March 31, 2026, (in thousands, except percentages).

Remainder of 2026

 

$

82,128

 

2027

 

 

111,536

 

2028

 

 

109,318

 

2029

 

 

107,484

 

2030

 

 

103,156

 

Thereafter

 

 

660,599

 

Total undiscounted lease payments

 

 

1,174,221

 

Imputed interest

 

 

(325,166

)

Present value of operating lease liabilities

 

$

849,055