v3.26.1
LEASES (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Lease Expense, Remaining Lease Terms, Discount Rate and Other Information
Information regarding lease expense, remaining lease term, discount rate, and other select lease information are presented below (dollars in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Lease Costs2026202520262025
Operating lease expense$19,607 $23,487 $41,483 $45,113 
Short-term lease expense469 672 1,108 2,199 
Right-of-use asset impairments(1)
77 — 1,068 6,259 
Total lease expense(2)
$20,153 $24,159 $43,659 $53,571 
___________________________ 
(1) During the six months ended June 30, 2025, we recognized a $6.3 million impairment charge related to our Kansas City regional center lease which is included in All Other and Corporate. The impairment resulted from the execution of a sublease agreement on a portion of the facility. The impairment was determined by comparing the discounted cash flows of the head lease and sublease rental payments. All other right-of use asset impairment charges were associated with restructuring initiatives. Refer to Note 13, Restructuring, for further discussion related to our restructuring programs.
(2) Total lease expense is included within other selling, general, and administrative expenses in our condensed consolidated statements of operations and comprehensive income.
Six Months Ended June 30,
Other Lease Information20262025
Operating cash flows from operating leases$43,706 $52,251 
Right-of-use lease assets obtained in exchange for new lease liabilities25,789 19,975 
Lease Term and Discount RateAs of June 30, 2026As of December 31, 2025
Weighted average remaining lease term (in years)4.74.9
Weighted average discount rate4.5 %4.5 %
Schedule of Maturity of Lease Liabilities
The maturities of lease liabilities as of June 30, 2026, were as follows (in thousands):
Maturity of Lease LiabilitiesOperating Leases
Remaining 2026$38,723 
202780,870 
202864,819 
202949,387 
203035,815 
Thereafter50,019 
Total lease payments319,633 
Less: Interest(32,079)
Present value of lease liabilities$287,554