Leases (Tables)
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6 Months Ended |
Jun. 30, 2026 |
| Leases [Abstract] |
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| Schedule of Balance Sheet Classification of Lease Assets and Liabilities |
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 Classification | | June 30, 2026 | | December 31, 2025 | | Assets | | | | | | | | Operating | | Right of use asset, net | | $ | 404,678 | | | $ | 409,320 | | | Finance | | Property and equipment, net | | 852 | | | 964 | | | Total lease assets | | | | $ | 405,530 | | | $ | 410,284 | | | | | | | | | | Liabilities | | | | | | | | Current: | | | | | | | | Operating | | Other current liabilities | | $ | 48,685 | | | $ | 44,397 | | | Finance | | Other current liabilities | | 198 | | | 203 | | | Noncurrent: | | | | | | | | Operating | | Lease liabilities, net of current portion | | 415,568 | | | 419,120 | | | Finance | | Other liabilities | | 677 | | | 773 | | | Total lease liabilities | | | | $ | 465,128 | | | $ | 464,493 | | | | | | | | | | Weighted-average remaining lease term - operating leases | | 7.6 years | | 7.8 years | | Weighted-average discount rate - operating leases | | 5.9% | | 5.9% |
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| Schedule of Components of Lease Cost |
The components of lease cost were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in thousands) | 2026 | | 2025 | | 2026 | | 2025 | | Operating lease cost | $ | 20,161 | | | $ | 19,663 | | | $ | 39,922 | | | $ | 38,886 | | | Variable lease cost | 7,618 | | | 7,478 | | | 14,916 | | | 14,449 | | | Total lease cost | $ | 27,779 | | | $ | 27,141 | | | $ | 54,838 | | | $ | 53,335 | |
Supplemental disclosures of cash flow information related to leases were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in thousands) | 2026 | | 2025 | | 2026 | | 2025 | | 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 | | | | | | | | | |
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| Schedule of Supplemental Disclosures of Cash Flow Information Related to Leases |
The components of lease cost were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in thousands) | 2026 | | 2025 | | 2026 | | 2025 | | Operating lease cost | $ | 20,161 | | | $ | 19,663 | | | $ | 39,922 | | | $ | 38,886 | | | Variable lease cost | 7,618 | | | 7,478 | | | 14,916 | | | 14,449 | | | Total lease cost | $ | 27,779 | | | $ | 27,141 | | | $ | 54,838 | | | $ | 53,335 | |
Supplemental disclosures of cash flow information related to leases were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in thousands) | 2026 | | 2025 | | 2026 | | 2025 | | 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 | | | | | | | | | |
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| Schedule of Maturities of Lease Liabilities |
Maturities of lease liabilities as of June 30, 2026 were as follows: | | | | | | (in thousands) | Amount | | Remainder of 2026 | $ | 50,677 | | | 2027 | 85,998 | | | 2028 | 86,399 | | | 2029 | 82,813 | | | 2030 | 73,486 | | | Thereafter | 226,262 | | | Total lease payments | $ | 605,635 | | | Less: imputed interest | (140,507) | | | Present value of lease liabilities | $ | 465,128 | |
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| Schedule of Maturities of Lease Liabilities |
Maturities of lease liabilities as of June 30, 2026 were as follows: | | | | | | (in thousands) | Amount | | Remainder of 2026 | $ | 50,677 | | | 2027 | 85,998 | | | 2028 | 86,399 | | | 2029 | 82,813 | | | 2030 | 73,486 | | | Thereafter | 226,262 | | | Total lease payments | $ | 605,635 | | | Less: imputed interest | (140,507) | | | Present value of lease liabilities | $ | 465,128 | |
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