v3.26.1
Leases
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
The Company’s operating leases consist of office facilities, office equipment, and automobiles. As of June 30, 2026, the Company’s leases have remaining terms of less than one year to 11 years, some of which include one or more options to renew, with renewal terms from one year to five years and some of which include options to terminate the leases from less than one year to five years.
The components of operating lease cost is included in the consolidated statements of operations as follows:
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Operating lease cost (1)
$4,097 $3,800 $8,097 $7,577 
Variable lease cost1,070 1,006 2,376 2,177 
Total operating lease cost$5,167 $4,806 $10,473 $9,754 
(1)Operating lease cost includes rent cost related to operating leases for office facilities of $3,855 and $3,546 for the three months ended June 30, 2026 and 2025, respectively, and $7,646 and $7,078 for the six months ended June 30, 2026 and 2025, respectively.
Supplemental operating cash flows and other information related to leases was as follows:
Six Months Ended
June 30,
20262025
Cash paid for operating leases included in operating cash flows$7,911 $8,156 
Right-of-use assets obtained in exchange for new operating lease liabilities$22,188 $3,265 
The weighted average remaining lease term for operating leases was 5.7 years and 3.8 years as of June 30, 2026 and December 31, 2025, respectively. The weighted average discount rate was 5.6% and 5.4% as of June 30, 2026 and December 31, 2025, respectively.