Leases (Tables)

3 Months Ended

Mar. 31, 2026

The following table provides details of our lease contracts for the three-month periods ended March 31, 2026 and 2025 (in thousands):


	Three Months Ended March 31,
		2026		2025
Operating lease cost		$	9,676	$	8,732
Finance lease cost:
Amortization of right of use assets		1,609		1,998
Interest on lease liabilities		1,526		1,619
Total finance lease cost		3,135		3,617

Short-term lease cost		5,354		6,166
Variable lease cost		12,979		8,416


Total lease cost		$	31,144	$	26,931

Supplemental cash flow information related to our lease contracts for the three-month periods ended March 31, 2026 and 2025 is as follows (in thousands):


	Three Months Ended March 31,
	2026		2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	9,381	$	8,386
Operating cash flows from finance leases	1,526		1,615
Financing cash flows from finance leases	1,237		1,195
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	4,589		9,896

Supplemental Balance Sheet Information related to Leases

Supplemental balance sheet information related to our lease contracts, including the location on balance sheet, at March 31, 2026 and December 31, 2025 is as follows (in thousands, except as noted):


	March 31, 2026			December 31, 2025
Operating leases:
Other assets	$	112,937		$	116,404

Accrued expenses	23,824			24,561
Other noncurrent liabilities	100,336			103,110
Total operating lease liabilities	124,160			127,671
Finance leases:
Net property, plant and equipment	102,659			103,915

Current portion of long-term debt	4,128			4,077
Long-term debt	101,695			102,719
Total finance lease liabilities	105,823			106,796
Weighted average remaining lease term (in years):
Operating leases	13.5			13.4
Finance leases	20.3			20.5
Weighted average discount rate (%):
Operating leases	4.99		%	5.01		%
Finance leases	5.47		%	5.47		%

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities at March 31, 2026 were as follows (in thousands):


	Operating Leases		Finance Leases
Remainder of 2026	$	21,146	$	7,394
2027	24,731		9,790
2028	20,576		9,652
2029	18,003		9,652
2030	12,857		9,004
Thereafter	100,854		122,870
Total lease payments	198,167		168,362
Less imputed interest	74,007		62,539
Total	$	124,160	$	105,823

Finance Lease, Liability, Maturity

Maturities of lease liabilities at March 31, 2026 were as follows (in thousands):


	Operating Leases		Finance Leases
Remainder of 2026	$	21,146	$	7,394
2027	24,731		9,790
2028	20,576		9,652
2029	18,003		9,652
2030	12,857		9,004
Thereafter	100,854		122,870
Total lease payments	198,167		168,362
Less imputed interest	74,007		62,539
Total	$	124,160	$	105,823