Leases (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Leases [Abstract] |
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| Schedule of Components of Lease Expense |
The components of lease expense are as follows (in thousands): | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | | 2025 | | 2024 | | 2023 | | Operating lease expense | $ | 72,591 | | | $ | 70,527 | | | $ | 83,060 | | | Variable lease expense | 25,443 | | | 22,562 | | | 23,331 | | | Sublease income | (23,379) | | | (12,578) | | | (139) | | | Total operating lease expense | $ | 74,655 | | | $ | 80,511 | | | $ | 106,252 | |
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| Schedule of Supplemental Cash Flow Information Related To Leases |
Supplemental cash flow information related to leases is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | | 2025 | | 2024 | | 2023 | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | Operating cash outflows from operating leases | $ | 103,328 | | | $ | 92,076 | | | $ | 74,278 | | | Right-of-use assets obtained in exchange for lease obligations: | | | | | | | Operating leases | $ | 7,714 | | | $ | 10,462 | | | $ | 40,866 | | | Decrease in operating lease right-of-use assets due to impairment (See Note 18 for details) | $ | 2,870 | | | $ | 22,618 | | | $ | 131,646 | |
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| Schedule of Supplemental Balance Sheet Information Related to Leases |
Supplemental balance sheet information related to leases is as follows (in thousands, except lease term and discount rate): | | | | | | | | | | | | | | As of December 31, | | | 2025 | | 2024 | | Operating lease right-of-use assets | $ | 260,341 | | | $ | 304,505 | | | | | | | Operating lease liability, current (included in Accrued liabilities) | 87,425 | | | 79,221 | | | Operating lease liability, non-current | 435,899 | | | 512,706 | | | Total operating lease liability | $ | 523,324 | | | $ | 591,927 | | | | | | | Weighted-average remaining term for operating leases (in years) | 6.11 | | 7.02 | | Weighted-average discount rate for operating leases | 3.99 | % | | 3.98 | % |
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| Schedule of Future Lease Payments under Operating Leases |
Future lease payments under operating leases as of December 31, 2025 are as follows (in thousands): | | | | | | | Year Ending December 31, | Operating Leases (2) | | 2026 | $ | 106,560 | | | 2027 | 103,494 | | | 2028 | 100,462 | | | 2029 | 96,845 | | | 2030 | 76,446 | | | Thereafter | 110,012 | | | Total future lease payments | 593,819 | | | Less: imputed interest | (67,236) | | | Less: expected tenant improvement allowance | (3,259) | | Total (1) | $ | 523,324 | |
(1) Total lease liabilities include liabilities related to operating lease right-of-use assets which were included in the impairment charges as part of the Company’s restructuring efforts. See Note 18 for additional details. (2) Non-cancelable sublease proceeds for the fiscal years ending December 31, 2026, 2027, 2028, and 2029 of $18.6 million, $18.8 million, $18.8 million, and $12.0 million, respectively, are not included in the table above.
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