Leases (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Leases |
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| Schedule of leased assets and liabilities, lessee arrangements |
| | | | | | | | | As of June 30, | | As of December 31, | in thousands | | 2026 | | 2025 | Assets | | | | | | | Operating lease right-of-use assets, net | | $ | 44,250 | | $ | 45,102 | Liabilities | | | | | | | Operating lease obligations | | $ | 56,722 | | $ | 56,527 |
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| Schedule of components of lease expense, lessee arrangements |
| | | | | | | | | | | | | | | | Three months ended | | Six months ended | | | | June 30, | | June 30, | | in thousands | | 2026 | | 2025 | | 2026 | | 2025 | | Operating lease cost | | $ | 1,598 | | $ | 1,554 | | $ | 3,197 | | $ | 3,085 | | Variable lease cost | | | 158 | | | 180 | | | 311 | | | 247 | | Total lease cost | | $ | 1,756 | | $ | 1,734 | | $ | 3,508 | | $ | 3,332 | |
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| Schedule of future minimum lease payments, lessee arrangements |
| | | | in thousands | | Operating Leases | Remainder of 2026 | | $ | 2,044 | 2027 | | | 3,691 | 2028 | | | 4,446 | 2029 | | | 4,507 | 2030 | | | 4,570 | Thereafter | | | 229,645 | Total lease payments | | | 248,903 | Less: imputed interest | | | (192,181) | Present value of lease liabilities | | $ | 56,722 |
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| Schedule of supplemental unaudited consolidated statements of cash flows information, lessee arrangements |
| | | | | | | | Supplemental Unaudited Consolidated Statements of Cash Flows Information | | Six months ended June 30, | | in thousands | | 2026 | | 2025 | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | | Operating cash flows on operating leases | | $ | 2,151 | | $ | 2,034 | | Non-cash transactions: | | | | | | | | Adjustment to operating lease obligations(a) | | $ | — | | | 8,429 | | Adjustment to operating lease right-of-use assets(a) | | | — | | | 8,429 | |
(a) The Company amended its corporate office lease whereby the maturity date was extended 10 years and certain rent terms were revised.
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| Schedule of other information, lessee arrangements |
| | | | | | | | | As of June 30, | | As of June 30, | | | Other Information | | 2026 | | 2025 | | | Weighted-average remaining lease term (years) | | | | | | | Operating leases | | 43.2 | | 40.0 | | | Weighted-average discount rate | | | | | | | Operating leases | | 8.2 | % | 8.2 | % | |
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| Schedule of minimum rent revenues, lessor arrangements |
| | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | in thousands | | 2026 | | 2025 | | 2026 | | 2025 | | Total minimum rent revenues | | $ | 3,201 | | $ | 3,055 | | $ | 5,115 | | $ | 6,084 | |
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| Schedule of future minimum rents, lessor arrangements |
| | | | | | Total Minimum | in thousands | | Rent | Remainder of 2026 | | $ | 3,268 | 2027 | | | 6,970 | 2028 | | | 7,068 | 2029 | | | 7,457 | 2030 | | | 7,264 | Thereafter | | | 57,087 | Total | | $ | 89,114 |
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