v3.26.1
Leases
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases LEASES
The Company has various operating leases for office space and vehicles that expire through 2035. The lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. Some leases include one or more options to renew. The exercise of lease renewal options is typically at the Company's sole discretion; therefore, the majority of renewals to extend the lease terms are not included in the Company's right-of-use assets and lease liabilities, as they are not reasonably certain of exercise. The Company regularly evaluates the renewal options, and, when it is reasonably certain of exercise, it will include the renewal period in its lease term.

Below is a summary of the Company's operating right-of-use assets and operating lease liabilities (in thousands):
June 30, 2026
(unaudited)
Operating lease right-of-use assets$61,826 
Operating lease liabilities, current$12,242 
Operating lease liabilities, long-term62,854 
Total operating lease liabilities$75,096 

Operating lease liabilities, current are included within accrued expenses and other short-term liabilities in the condensed consolidated balance sheets.

Minimum lease payments for the Company's right-of-use assets over the remaining lease periods as of June 30, 2026, are as follows (in thousands):
June 30, 2026
 (unaudited)
2026$7,856 
202715,280 
202811,550 
202913,321 
203012,345 
Thereafter27,532 
Total undiscounted lease payments$87,884 
Less: Imputed interest$(12,788)
Present value of lease liabilities$75,096 

As of June 30, 2026, the Company has an additional operating lease that has not yet commenced of $511. This operating lease will commence in the third quarter of 2026, with a lease term of approximately two years.