v3.26.1
LEASES (Tables)
6 Months Ended
Jun. 30, 2026
LEASES  
Schedule of Company's Lease Cost

The Company’s lease costs for the three and six months ended June 30, 2026 and 2025 are as follows (in thousands):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

2026

2025

2026

2025

Operating lease cost

$

5,556

$

5,135

$

11,264

$

10,048

Finance lease cost:

Amortization of right-of-use assets

 

110

 

57

231

 

98

Interest on lease liabilities

 

10

 

4

18

 

8

Net lease cost

$

5,676

$

5,196

$

11,513

$

10,154

Summary of Maturities of Operating Lease Liabilities

Future minimum lease payments under non-cancelable leases at June 30, 2026 are as follows (in thousands):

  ​ ​ ​

Operating

  ​ ​ ​

Finance

Leases 

Leases 

Year 1

$

13,700

$

163

Year 2

 

14,932

 

273

Year 3

 

13,924

 

131

Year 4

 

13,666

 

13

Year 5

 

12,430

 

Years thereafter

 

617,743

 

Total future minimum lease payments

 

686,395

 

580

Less amount representing interest

 

(523,252)

(43)

Total present value of minimum payments

$

163,143

$

537

Summary of Maturities of Finance Lease Liabilities

  ​ ​ ​

Operating

  ​ ​ ​

Finance

Leases 

Leases 

Year 1

$

13,700

$

163

Year 2

 

14,932

 

273

Year 3

 

13,924

 

131

Year 4

 

13,666

 

13

Year 5

 

12,430

 

Years thereafter

 

617,743

 

Total future minimum lease payments

 

686,395

 

580

Less amount representing interest

 

(523,252)

(43)

Total present value of minimum payments

$

163,143

$

537

Schedule of Remaining Lease Term and Discount Rate of Leases

Weighted-average remaining lease term:

Operating leases

39.1

years

Finance leases

2.1

years

Weighted-average discount rate:

Operating leases

7.3

%

Finance leases

6.0

%