v3.26.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Summary of Future Payments under the Lease

Future payments under the Lease, inclusive of the Company’s assumed exercise of the purchase option, as of March 31, 2026 were as follows (in thousands):

Year Ending December 31,

 

 

 

2026 (nine months)

 

$

 

2027

 

 

374,590

 

2028

 

 

 

2029

 

 

 

2030

 

 

 

Thereafter

 

 

 

     Total future minimum lease payments

 

 

374,590

 

Less: tenant improvement allowance

 

 

(400

)

Less: amount allocated to property purchases

 

 

(3,986

)

Less: imputed interest

 

 

(26,375

)

     Total finance lease liability

 

$

343,829

 

Summary of Components Finance Lease Cost

The components of the Company’s finance lease cost under ASC 842 are as follows (in thousands):

 

 

Three months ended March 31, 2026

 

Finance lease cost

 

 

 

Amortization of right-of-use assets

 

$

2,073

 

Interest on lease liability

 

 

3,789

 

Total finance lease cost

 

$

5,862