Leases (Tables)

6 Months Ended

Jun. 30, 2026

The operating lease right-of-use assets are classified as noncurrent assets in the consolidated balance sheets. The corresponding lease liabilities are separated into current and long-term portions as follows:


	June 30, 2026		December 31, 2025
	(in thousands)
Operating lease liabilities, current portion included in other accrued liabilities	$	15,123	$	15,581
Operating lease liabilities, long-term portion	143,074		118,473
Total operating lease liabilities	$	158,197	$	134,054

Schedule of Future Minimum Lease Payments

The present value of the future minimum lease payments under all non-cancellable operating leases as of June 30, 2026 are as follows:


	Operating Leases
	(in thousands)
As of June 30, 2026
2026 (remaining 6 months)	$	12,548
2027	25,064
2028	27,950
2029	28,137
2030	28,556
2031 and thereafter	78,594
Total future minimum lease payments	200,849
Less: imputed interest	(42,652)
Operating lease liabilities	$	158,197