v3.26.1
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases 9. Leases
Real Estate Operating Leases
The Company has real estate property leases which are classified as operating leases. As of June 30, 2026, the remaining lease terms vary from approximately two months to eight years. For certain leases the Company has options to extend the lease term for periods varying from one month to ten years. These renewal options are not considered in the remaining lease term unless it is reasonably certain that the Company will exercise such options.
Flexdrive Program
The Company operates a fleet of rental vehicles through Flexdrive, a portion of which are leased from third-party vehicle leasing companies. These leases are classified as finance leases. As of June 30, 2026, the remaining lease terms vary between one month to four years.
Lease Position
The table below presents the lease-related assets and liabilities recorded on the condensed consolidated balance sheets (in thousands, except for remaining lease terms and percentages):
June 30,
2026		December 31,
2025
Operating Leases
Assets
Operating lease right-of-use assets
$163,885$165,579
Liabilities
Operating lease liabilities, current
$28,261$28,068
Operating lease liabilities, non-current
156,279159,904
Total operating lease liabilities$184,540$187,972
Finance Leases
Assets
Finance lease right-of-use assets(1)
$59,115$69,522
Liabilities
Finance lease liabilities, current(2)
$33,176$35,750
Finance lease liabilities, non-current(3)
30,64139,572
Total finance lease liabilities$63,817$75,322
Weighted-average remaining lease term (years)
Operating leases6.67.0
Finance leases1.92.1
Weighted-average discount rate
Operating leases6.5 %6.5 %
Finance leases6.1 %6.0 %
_______________
(1)This balance is included within property and equipment, net on the condensed consolidated balance sheets.
(2)This balance is included within accrued and other current liabilities on the condensed consolidated balance sheets.
(3)This balance is included within other liabilities on the condensed consolidated balance sheets.
Lease Costs
The table below presents certain information related to the costs for operating leases and finance leases (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating Leases
Operating lease cost$10,627 $8,613 $21,022 $17,029 
Finance Leases
Amortization of right-of-use assets$7,924 $7,573 $16,006 $15,465 
Interest on lease liabilities985 1,155 2,038 2,456 
Other Lease Costs
Short-term lease cost$753 $619 $1,382 $1,381 
Variable lease cost(1)
1,777 1,645 3,700 3,359 
Total lease cost$22,066 $19,605 $44,148 $39,690 
_______________
(1)Consists primarily of common-area maintenance and taxes and utilities for real estate leases.
The table below presents certain supplemental information related to the cash flows for operating and finance leases recorded on the condensed consolidated statements of cash flows (in thousands):
Six Months Ended June 30,
20262025
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$22,734 $21,248 
Operating cash flows from finance leases1,703 2,230 
Financing cash flows from finance leases23,147 20,933 
Undiscounted Cash Flows
The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities recorded on the condensed consolidated balance sheets as of June 30, 2026 (in thousands):
Operating LeasesFinance LeasesTotal Leases
Remainder of 2026
$17,293 $20,224 $37,517 
202742,871 26,931 69,802 
202835,162 19,581 54,743 
202933,350 1,145 34,495 
203023,934 20 23,954 
Thereafter75,996 — 75,996 
Total minimum lease payments228,606 67,901 296,507 
Less: amount of lease payments representing interest(44,066)(4,084)(48,150)
Present value of future lease payments184,540 63,817 248,357 
Less: current obligations under leases(28,261)(33,176)(61,437)
Long-term lease obligations$156,279 $30,641 $186,920 
Leases 9. Leases
Real Estate Operating Leases
The Company has real estate property leases which are classified as operating leases. As of June 30, 2026, the remaining lease terms vary from approximately two months to eight years. For certain leases the Company has options to extend the lease term for periods varying from one month to ten years. These renewal options are not considered in the remaining lease term unless it is reasonably certain that the Company will exercise such options.
Flexdrive Program
The Company operates a fleet of rental vehicles through Flexdrive, a portion of which are leased from third-party vehicle leasing companies. These leases are classified as finance leases. As of June 30, 2026, the remaining lease terms vary between one month to four years.
Lease Position
The table below presents the lease-related assets and liabilities recorded on the condensed consolidated balance sheets (in thousands, except for remaining lease terms and percentages):
June 30,
2026		December 31,
2025
Operating Leases
Assets
Operating lease right-of-use assets
$163,885$165,579
Liabilities
Operating lease liabilities, current
$28,261$28,068
Operating lease liabilities, non-current
156,279159,904
Total operating lease liabilities$184,540$187,972
Finance Leases
Assets
Finance lease right-of-use assets(1)
$59,115$69,522
Liabilities
Finance lease liabilities, current(2)
$33,176$35,750
Finance lease liabilities, non-current(3)
30,64139,572
Total finance lease liabilities$63,817$75,322
Weighted-average remaining lease term (years)
Operating leases6.67.0
Finance leases1.92.1
Weighted-average discount rate
Operating leases6.5 %6.5 %
Finance leases6.1 %6.0 %
_______________
(1)This balance is included within property and equipment, net on the condensed consolidated balance sheets.
(2)This balance is included within accrued and other current liabilities on the condensed consolidated balance sheets.
(3)This balance is included within other liabilities on the condensed consolidated balance sheets.
Lease Costs
The table below presents certain information related to the costs for operating leases and finance leases (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating Leases
Operating lease cost$10,627 $8,613 $21,022 $17,029 
Finance Leases
Amortization of right-of-use assets$7,924 $7,573 $16,006 $15,465 
Interest on lease liabilities985 1,155 2,038 2,456 
Other Lease Costs
Short-term lease cost$753 $619 $1,382 $1,381 
Variable lease cost(1)
1,777 1,645 3,700 3,359 
Total lease cost$22,066 $19,605 $44,148 $39,690 
_______________
(1)Consists primarily of common-area maintenance and taxes and utilities for real estate leases.
The table below presents certain supplemental information related to the cash flows for operating and finance leases recorded on the condensed consolidated statements of cash flows (in thousands):
Six Months Ended June 30,
20262025
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$22,734 $21,248 
Operating cash flows from finance leases1,703 2,230 
Financing cash flows from finance leases23,147 20,933 
Undiscounted Cash Flows
The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities recorded on the condensed consolidated balance sheets as of June 30, 2026 (in thousands):
Operating LeasesFinance LeasesTotal Leases
Remainder of 2026
$17,293 $20,224 $37,517 
202742,871 26,931 69,802 
202835,162 19,581 54,743 
202933,350 1,145 34,495 
203023,934 20 23,954 
Thereafter75,996 — 75,996 
Total minimum lease payments228,606 67,901 296,507 
Less: amount of lease payments representing interest(44,066)(4,084)(48,150)
Present value of future lease payments184,540 63,817 248,357 
Less: current obligations under leases(28,261)(33,176)(61,437)
Long-term lease obligations$156,279 $30,641 $186,920