v3.26.1
Leases
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Leases Leases
The components of lease expense were as follows:
Three Months Ended March 31,
(in thousands)
20262025
Operating lease cost(1)
$2,785 $2,403 
_______________
(1)    Excludes sublease income.
Sublease income, which is recorded as a reduction of rent expense, was $0.4 million in the three months ended March 31, 2026 and 2025.
Rent expense for short-term leases in the three months ended March 31, 2026 and 2025 was not material.
Supplemental information related to leases was as follows:
March 31, 2026December 31, 2025
Operating leases
Weighted average remaining lease term
6.1 years5.7 years
Weighted average discount rate
6.1%6.2%
Three Months Ended March 31,
(in thousands)
20262025
ROU assets obtained in exchange for lease obligations
Operating leases
$9,879 $— 
Maturities of operating lease liabilities at March 31, 2026 were as follows:
(in thousands)
Year ending December 31,
2026
$8,302 
202713,734 
202813,003 
202912,953 
203012,880 
Thereafter
18,330 
Total lease payments
79,202 
Less: Imputed interest
(13,473)
Total
$65,729 
Operating lease payments in the table above do not include $1.3 million, $1.8 million, $1.9 million, $1.9 million, $2.0 million and $2.5 million of sublease payments we expect to receive in 2026, 2027, 2028, 2029, 2030 and thereafter, respectively.