v3.26.1
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
The Company leases certain office space and equipment under various non-cancelable operating leases. These leases have original terms ranging from 1 year to 24 years. Operating lease liabilities and right-of-use (“ROU”) assets are recognized at the lease commencement date based upon the present value of the future minimum lease payments over the lease term. Operating lease liabilities are recorded within other liabilities and ROU assets are recorded within other assets in the Company’s Consolidated Balance Sheets.
As of the dates indicated, the Company had the following related to operating leases:
As of June 30, 2026As of December 31, 2025
(In thousands)
Right-of-use assets$71,084 $74,094 
Lease liabilities96,917 97,896 
Finance leases are not material. Finance lease liabilities are recorded within other liabilities and finance ROU assets are recorded within other assets in the Company’s Consolidated Balance Sheets.
The following table is a summary of the Company’s components of net lease cost for the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(In thousands)
Operating lease cost$4,160 $4,025 $8,473 $7,993 
Finance lease cost120 119 237 242 
Variable lease cost1,127 657 2,362 1,475 
Total lease cost$5,407 $4,801 $11,072 $9,710 
During the three and six months ended June 30, 2026, the Company made $4.5 million and $9.4 million in cash payments for operating and finance lease payments, respectively. During the three and six months ended June 30, 2025, the Company made $3.8 million and $7.8 million in cash payments for operating and finance lease payments, respectively.
Supplemental balance sheet information related to operating leases are as follows:
As of June 30, 2026As of December 31, 2025
Weighted-average remaining lease term (in years)7.787.85
Weighted-average discount rate4.38 %4.35 %
Leases Leases
The Company leases certain office space and equipment under various non-cancelable operating leases. These leases have original terms ranging from 1 year to 24 years. Operating lease liabilities and right-of-use (“ROU”) assets are recognized at the lease commencement date based upon the present value of the future minimum lease payments over the lease term. Operating lease liabilities are recorded within other liabilities and ROU assets are recorded within other assets in the Company’s Consolidated Balance Sheets.
As of the dates indicated, the Company had the following related to operating leases:
As of June 30, 2026As of December 31, 2025
(In thousands)
Right-of-use assets$71,084 $74,094 
Lease liabilities96,917 97,896 
Finance leases are not material. Finance lease liabilities are recorded within other liabilities and finance ROU assets are recorded within other assets in the Company’s Consolidated Balance Sheets.
The following table is a summary of the Company’s components of net lease cost for the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(In thousands)
Operating lease cost$4,160 $4,025 $8,473 $7,993 
Finance lease cost120 119 237 242 
Variable lease cost1,127 657 2,362 1,475 
Total lease cost$5,407 $4,801 $11,072 $9,710 
During the three and six months ended June 30, 2026, the Company made $4.5 million and $9.4 million in cash payments for operating and finance lease payments, respectively. During the three and six months ended June 30, 2025, the Company made $3.8 million and $7.8 million in cash payments for operating and finance lease payments, respectively.
Supplemental balance sheet information related to operating leases are as follows:
As of June 30, 2026As of December 31, 2025
Weighted-average remaining lease term (in years)7.787.85
Weighted-average discount rate4.38 %4.35 %