v3.26.1
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
The right-of-use assets and lease liabilities for operating and finance leases, including their classification in the condensed consolidated balance sheets, were as follows:
(in thousands)

Leases
Balance Sheet ClassificationJune 30, 2026December 31, 2025
Assets
OperatingRight of use asset, net$404,678 $409,320 
FinanceProperty and equipment, net 852 964 
Total lease assets$405,530 $410,284 
Liabilities
Current:
OperatingOther current liabilities$48,685 $44,397 
FinanceOther current liabilities198 203 
Noncurrent:
OperatingLease liabilities, net of current portion415,568 419,120 
FinanceOther liabilities677 773 
Total lease liabilities$465,128 $464,493 
Weighted-average remaining lease term - operating leases7.6 years7.8 years
Weighted-average discount rate - operating leases5.9%5.9%
The components of lease cost were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)
2026202520262025
Operating lease cost$20,161 $19,663 $39,922 $38,886 
Variable lease cost7,618 7,478 14,916 14,449 
Total lease cost$27,779 $27,141 $54,838 $53,335 
The Company’s costs related to short-term leases, those with a duration between one and twelve months, were immaterial.
Supplemental disclosures of cash flow information related to leases were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)
2026202520262025
Cash paid for lease liabilities$21,974 $16,843 $39,132 $31,257 
Operating lease ROU assets obtained in exchange for operating lease liabilities$19,159 $13,399 $21,554 $46,509 
Maturities of lease liabilities as of June 30, 2026 were as follows:
(in thousands)
Amount
Remainder of 2026$50,677 
202785,998 
202886,399 
202982,813 
203073,486 
Thereafter226,262 
Total lease payments$605,635 
Less: imputed interest(140,507)
Present value of lease liabilities$465,128 
As of June 30, 2026, future operating lease payments exclude approximately $51.6 million of legally binding minimum lease payments for leases signed but not yet commenced.
Leases Leases
The right-of-use assets and lease liabilities for operating and finance leases, including their classification in the condensed consolidated balance sheets, were as follows:
(in thousands)

Leases
Balance Sheet ClassificationJune 30, 2026December 31, 2025
Assets
OperatingRight of use asset, net$404,678 $409,320 
FinanceProperty and equipment, net 852 964 
Total lease assets$405,530 $410,284 
Liabilities
Current:
OperatingOther current liabilities$48,685 $44,397 
FinanceOther current liabilities198 203 
Noncurrent:
OperatingLease liabilities, net of current portion415,568 419,120 
FinanceOther liabilities677 773 
Total lease liabilities$465,128 $464,493 
Weighted-average remaining lease term - operating leases7.6 years7.8 years
Weighted-average discount rate - operating leases5.9%5.9%
The components of lease cost were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)
2026202520262025
Operating lease cost$20,161 $19,663 $39,922 $38,886 
Variable lease cost7,618 7,478 14,916 14,449 
Total lease cost$27,779 $27,141 $54,838 $53,335 
The Company’s costs related to short-term leases, those with a duration between one and twelve months, were immaterial.
Supplemental disclosures of cash flow information related to leases were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)
2026202520262025
Cash paid for lease liabilities$21,974 $16,843 $39,132 $31,257 
Operating lease ROU assets obtained in exchange for operating lease liabilities$19,159 $13,399 $21,554 $46,509 
Maturities of lease liabilities as of June 30, 2026 were as follows:
(in thousands)
Amount
Remainder of 2026$50,677 
202785,998 
202886,399 
202982,813 
203073,486 
Thereafter226,262 
Total lease payments$605,635 
Less: imputed interest(140,507)
Present value of lease liabilities$465,128 
As of June 30, 2026, future operating lease payments exclude approximately $51.6 million of legally binding minimum lease payments for leases signed but not yet commenced.