v3.26.1
Leases
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases

11. Leases

The Company leases office facilities under non-cancelable operating leases that expire at various dates through February 2035.

Operating lease expense and cash payments related to operating lease liabilities for the three and six months ended June 30, 2026 and 2025 are as follows:
 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

2025

 

 

2026

 

2025

 

 

 

(in thousands)

 

 

(in thousands)

 

Operating lease expense

 

$

10,390

 

$

10,287

 

 

$

20,977

 

$

20,326

 

Cash payments

 

$

12,580

 

$

13,316

 

 

$

28,304

 

$

23,641

 

The Company subleases some of its unused spaces to third parties. Operating sublease income generated under all operating lease agreements for the three and six months ended June 30, 2026 and 2025 are as follows:
 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

2025

 

 

2026

 

2025

 

 

 

(in thousands)

 

 

(in thousands)

 

Operating sublease income

 

$

1,484

 

$

1,803

 

 

$

3,348

 

$

3,329