v3.26.1
Leases
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Leases Leases
The Company leases certain office space and equipment under various non-cancelable operating leases. These leases have original terms ranging from 1 year to 24 years. Operating lease liabilities and right-of-use (“ROU”) assets are recognized at the lease commencement date based upon the present value of the future minimum lease payments over the lease term. Operating lease liabilities are recorded within other liabilities and ROU assets are recorded within other assets in the Company’s Consolidated Balance Sheets.
As of the dates indicated, the Company had the following related to operating leases:
As of March 31, 2026As of December 31, 2025
(In thousands)
Right-of-use assets$70,646 $74,094 
Lease liabilities96,624 97,896 
Finance leases are not material. Finance lease liabilities are recorded within other liabilities and finance ROU assets are recorded within other assets in the Company’s Consolidated Balance Sheets.
The following table is a summary of the Company’s components of net lease cost for the periods indicated:
Three Months Ended March 31,
20262025
(In thousands)
Operating lease cost$4,313 $3,968 
Finance lease cost117 123 
Variable lease cost1,235 818 
Total lease cost$5,665 $4,909 
During the three months ended March 31, 2026 and 2025, the Company made $4.9 million and $4.0 million, respectively, in cash payments for operating and finance lease payments.
Supplemental balance sheet information related to operating leases are as follows:
As of March 31, 2026As of December 31, 2025
Weighted-average remaining lease term (in years)7.887.85
Weighted-average discount rate4.36 %4.35 %
Leases Leases
The Company leases certain office space and equipment under various non-cancelable operating leases. These leases have original terms ranging from 1 year to 24 years. Operating lease liabilities and right-of-use (“ROU”) assets are recognized at the lease commencement date based upon the present value of the future minimum lease payments over the lease term. Operating lease liabilities are recorded within other liabilities and ROU assets are recorded within other assets in the Company’s Consolidated Balance Sheets.
As of the dates indicated, the Company had the following related to operating leases:
As of March 31, 2026As of December 31, 2025
(In thousands)
Right-of-use assets$70,646 $74,094 
Lease liabilities96,624 97,896 
Finance leases are not material. Finance lease liabilities are recorded within other liabilities and finance ROU assets are recorded within other assets in the Company’s Consolidated Balance Sheets.
The following table is a summary of the Company’s components of net lease cost for the periods indicated:
Three Months Ended March 31,
20262025
(In thousands)
Operating lease cost$4,313 $3,968 
Finance lease cost117 123 
Variable lease cost1,235 818 
Total lease cost$5,665 $4,909 
During the three months ended March 31, 2026 and 2025, the Company made $4.9 million and $4.0 million, respectively, in cash payments for operating and finance lease payments.
Supplemental balance sheet information related to operating leases are as follows:
As of March 31, 2026As of December 31, 2025
Weighted-average remaining lease term (in years)7.887.85
Weighted-average discount rate4.36 %4.35 %