v3.26.1
Operating Leases (Tables)
6 Months Ended
Jun. 30, 2026
Lessee Disclosure [Abstract]  
Schedule of Net Lease Cost

The tables below summarize our net lease cost for the three and six months ended June 30, 2026 and 2025 (in thousands):

 

 

Three Months Ended June 30,

 

 

 

2026

 

 

2025

 

Operating lease cost

 

$

27,486

 

 

$

28,587

 

Short-term lease cost

 

 

352

 

 

 

462

 

Variable lease cost

 

 

8,056

 

 

 

7,532

 

Sublease income

 

 

(222

)

 

 

(241

)

Net lease cost

 

$

35,672

 

 

$

36,340

 

 

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

Operating lease cost

 

$

56,915

 

 

$

56,137

 

Short-term lease cost

 

 

730

 

 

 

813

 

Variable lease cost

 

 

15,260

 

 

 

14,751

 

Sublease income

 

 

(471

)

 

 

(320

)

Net lease cost

 

$

72,434

 

 

$

71,381

 

The table below summarizes other information related to our operating leases as of and for the six months ended June 30, 2026 (in thousands):

Operating lease cash flows

 

$

57,293

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

14,281

 

Weighted-average remaining lease term (years)

 

 

11.9

 

Weighted-average discount rate

 

 

5.17

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of June 30, 2026, (in thousands, except percentages).

Remainder of 2026

 

$

55,636

 

2027

 

 

111,917

 

2028

 

 

110,077

 

2029

 

 

107,753

 

2030

 

 

102,752

 

Thereafter

 

 

673,562

 

Total undiscounted lease payments

 

 

1,161,697

 

Imputed interest

 

 

(323,607

)

Present value of operating lease liabilities

 

$

838,090