v3.26.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Summary of Components of Lease Expense
The components of lease expense were as follows:
Three Months Ended March 31,
20262025
Operating lease expense
Rent - cost of services (1)
$95,531 $93,795 
General and administrative expense664 627 
Other variable lease costs (2)
10,132 9,247 
Total operating lease expense$106,327 $103,669 
Finance lease expense
Amortization of right-of-use assets$1,343 $1,042 
Interest on lease liabilities2,765 2,292 
Total finance lease expense$4,108 $3,334 
Total Lease Expense$110,435 $107,003 
__________________
(1)Rent - cost of services includes variable lease costs such as Consumer Price Index (CPI) increases and other rent adjustments of $545 and $438 for the three months ended March 31, 2026 and 2025, respectively.
(2)Other variable lease costs of facilities, including property taxes and insurance, are classified in cost of services in the Company’s unaudited condensed consolidated statements of income.
The following table summarizes supplemental cash flow information related to leases:
Three Months Ended March 31,
20262025
Operating cash paid for amounts included in the measurement of operating lease liabilities$85,194 $81,718 
Operating cash paid for amounts included in the measurement of finance lease liabilities2,765 2,292 
Financing cash paid for amounts included in the measurement of finance lease liabilities340 244 
Operating lease right-of-use assets obtained in exchange for lease liabilities— 126,107 
Decrease in operating lease right-of-use assets and liabilities due to lease termination/modification
(13,255)— 
Finance lease right-of-use assets obtained in exchange for lease liabilities
17,532 — 
Information relating to the lease term and discount rate is as follows:
As of March 31, 2026
Weighted-average remaining lease term (years)
Operating leases13
Finance leases20
Weighted-average discount rate
Operating leases6.5 %
Finance leases6.5 %
Summary of Supplemental Cash Flow Related to Leases and Lease Term and Discount Rate
The components of lease expense were as follows:
Three Months Ended March 31,
20262025
Operating lease expense
Rent - cost of services (1)
$95,531 $93,795 
General and administrative expense664 627 
Other variable lease costs (2)
10,132 9,247 
Total operating lease expense$106,327 $103,669 
Finance lease expense
Amortization of right-of-use assets$1,343 $1,042 
Interest on lease liabilities2,765 2,292 
Total finance lease expense$4,108 $3,334 
Total Lease Expense$110,435 $107,003 
__________________
(1)Rent - cost of services includes variable lease costs such as Consumer Price Index (CPI) increases and other rent adjustments of $545 and $438 for the three months ended March 31, 2026 and 2025, respectively.
(2)Other variable lease costs of facilities, including property taxes and insurance, are classified in cost of services in the Company’s unaudited condensed consolidated statements of income.
The following table summarizes supplemental cash flow information related to leases:
Three Months Ended March 31,
20262025
Operating cash paid for amounts included in the measurement of operating lease liabilities$85,194 $81,718 
Operating cash paid for amounts included in the measurement of finance lease liabilities2,765 2,292 
Financing cash paid for amounts included in the measurement of finance lease liabilities340 244 
Operating lease right-of-use assets obtained in exchange for lease liabilities— 126,107 
Decrease in operating lease right-of-use assets and liabilities due to lease termination/modification
(13,255)— 
Finance lease right-of-use assets obtained in exchange for lease liabilities
17,532 — 
Information relating to the lease term and discount rate is as follows:
As of March 31, 2026
Weighted-average remaining lease term (years)
Operating leases13
Finance leases20
Weighted-average discount rate
Operating leases6.5 %
Finance leases6.5 %
Summary of Maturities of Operating Lease Liabilities
Maturities of lease liabilities as of March 31, 2026 were as follows:
Finance LeasesOperating LeasesTotal
2026 (remainder)$35,899 $256,515 $292,414 
202725,955 343,091 369,046 
20288,999 347,171 356,170 
20298,870 349,794 358,664 
203021,907 353,634 375,541 
20317,662 354,536 362,198 
Thereafter246,726 2,625,865 2,872,591 
Total lease payments$356,018 $4,630,606 $4,986,624 
Less: present value discount (185,292)(1,588,021)(1,773,313)
Present value of lease liabilities
$170,726 $3,042,585 $3,213,311 
Summary of Maturities of Finance Lease Liabilities
Maturities of lease liabilities as of March 31, 2026 were as follows:
Finance LeasesOperating LeasesTotal
2026 (remainder)$35,899 $256,515 $292,414 
202725,955 343,091 369,046 
20288,999 347,171 356,170 
20298,870 349,794 358,664 
203021,907 353,634 375,541 
20317,662 354,536 362,198 
Thereafter246,726 2,625,865 2,872,591 
Total lease payments$356,018 $4,630,606 $4,986,624 
Less: present value discount (185,292)(1,588,021)(1,773,313)
Present value of lease liabilities
$170,726 $3,042,585 $3,213,311