Leases (Tables)

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows:


		Three Months Ended June 30,								Six Months Ended June 30,
(in thousands)		2026				2025				2026				2025
Finance lease costs:
Interest on lease liabilities		$	—			$	1				—				3
Operating lease costs			4,809				5,800				9,831				11,857
Short-term lease costs			142				143				354				278
Variable lease costs			442				551				1,052				1,044
Total lease costs		$	5,393			$	6,495			$	11,237			$	13,182

Summary of Operating And Finance Lease Supplemental Cash Flow Information

A summary of cash flow information related to leases follows:


	Six Months Ended June 30,
(in thousands)	2026				2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	$	9,988			$	11,407
Operating cash flows used for finance leases		—				3
Financing cash flows used for finance leases		—				94
Right-of-use assets obtained in exchange for new operating lease liabilities		6,482				464

Summary of Operating And Finance Lease Supplemental Balance Sheet Information

A summary of other information about the Company’s leases follows:


		June 30,				December 31,
(dollars in thousands)		2026				2025
Operating lease right-of-use assets		$	101,398			$	102,664
Operating lease liabilities, current (included in accrued liabilities)		$	14,413			$	14,042
Operating lease liabilities, noncurrent		$	96,329			$	98,689
Weighted average remaining lease term – operating leases		7.8 yrs				8.4 yrs
Weighted average discount rate – operating leases			4.7	%			4.6	%

Future Annual Minimum Operating Lease Payments and Finance Lease Commitments

A summary of the Company's future annual minimum lease payments as of June 30, 2026 follows (in thousands):


Year ending December 31,		Operating Leases
Remaining 6 months of 2026		$	9,854
2027			17,998
2028			17,119
2029			15,967
2030 and thereafter			71,871
Total minimum lease payments			132,809
Less: imputed interest			(22,067	)
Total present value of lease liabilities		$	110,742