v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Lease, Cost
Net lease expense consists of the following:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating lease expense$10,611 $9,443 $20,780 $18,799 
Variable lease expense(1)
614 187 1,124 542 
Net lease expense$11,225 $9,630 $21,904 $19,341 
(1) Variable lease expense primarily consists of contingent rent.
The following tables present other relevant lease information:
June 30,
2026
Weighted average remaining lease term (years)6.1
Weighted average discount rate5.8 %
Six Months Ended June 30,
20262025
Cash paid for amounts included in the measurement of operating lease liabilities
$
25,862 
$
22,590 
Lease assets obtained in exchange for new operating lease liabilities
$
31,659 
$
12,682 
Lessee, Operating Lease, Liability, Maturity
The following table presents future lease payments:
Operating Leases(1)
2026
$
24,791 
2027
54,507 
2028
56,019 
2029
47,812 
2030
36,541 
Thereafter
82,667 
Total undiscounted lease payments
302,337 
Impact of discounting
51,358 
Present value of lease payments
$
250,979 
(1)    The years 2026 and 2027 include $5.5 million and $5.5 million, respectively, of expected cash inflows from tenant improvement allowances. Operating lease payments exclude $10.5 million of legally binding minimum lease payments related to executed leases for which the Company has not yet taken possession of the leased premises.