LEASE COMMITMENTS (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| LEASE COMMITMENTS |
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| Schedule of lease |
The components of lease expense were as follows (in thousands): | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Operating lease cost | | $ | 20,461 | | $ | 19,515 | | $ | 40,619 | | $ | 38,841 | Short-term lease cost | | | 1,365 | | | 1,152 | | | 2,654 | | | 2,245 | | | | | | | | | | | | | | Finance lease cost: | | | | | | | | | | | | | Amortization of right-of-use assets | | | 3,375 | | | 3,855 | | | 6,989 | | | 7,946 | Interest on lease liabilities | | | 1,426 | | | 1,297 | | | 2,890 | | | 2,642 | Total finance lease cost | | | 4,801 | | | 5,152 | | | 9,879 | | | 10,588 | Total lease costs | | $ | 26,627 | | $ | 25,819 | | $ | 53,152 | | $ | 51,674 |
Supplemental cash flow information related to leases was as follows (in thousands): | | | | | | | | | Six Months Ended June 30, | | | 2026 | | 2025 | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | Operating cash flows for operating leases | | $ | 42,367 | | $ | 42,171 | Operating cash flows for finance leases | | $ | 2,890 | | $ | 2,642 | Finance cash flows for finance leases | | $ | 6,401 | | $ | 7,473 | | | | | | | | Right-of-use assets obtained in exchange for lease obligations: | | | | | | | Operating leases | | $ | 14,000 | | $ | 6,159 | Finance leases | | $ | 7,313 | | $ | — |
Supplemental balance sheet information related to leases was as follows (in thousands): | | | | | | | | | June 30, 2026 | | December 31, 2025 | Operating Leases: | | | | | | | Operating right-of-use assets | | $ | 216,206 | | $ | 203,258 | | | | | | | | Current portion of operating lease obligations | | $ | 58,833 | | $ | 56,893 | Operating lease obligations | | | 182,105 | | | 171,880 | Total operating lease liabilities | | $ | 240,938 | | $ | 228,773 | | | | | | | | Finance Leases: | | | | | | | Finance right-of-use assets | | $ | 164,621 | | $ | 164,826 | Accumulated amortization | | | (80,382) | | | (79,796) | Finance right-of-use assets, net | | $ | 84,239 | | $ | 85,030 | | | | | | | | Current portion of finance lease obligations | | $ | 20,839 | | $ | 21,824 | Finance lease obligations | | | 75,578 | | | 74,943 | Total finance lease liabilities | | $ | 96,417 | | $ | 96,767 | | | | | | | | Weighted Average Remaining Lease Term (in years): | | | | | | | Operating leases | | | 5.73 | | | 5.82 | Finance leases | | | 7.42 | | | 7.21 | | | | | | | | Weighted Average Discount Rate: | | | | | | | Operating leases | | | 7.27% | | | 7.68% | Finance leases | | | 5.87% | | | 5.94% |
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| Schedule of operating lease liabilities |
Future commitments as of June 30, 2026 for lease liabilities related to premises, equipment and other recurring commitments are as follows (in thousands): | | | | | | | | | | | | Maturities of Lease Liabilities | Year Ending December 31, | | Operating Leases | | Finance Leases | | Total | 2026 | | $ | 39,836 | | $ | 16,817 | | $ | 56,653 | 2027 | | | 62,936 | | | 18,706 | | | 81,642 | 2028 | | | 49,577 | | | 22,374 | | | 71,951 | 2029 | | | 41,142 | | | 12,446 | | | 53,588 | 2030 | | | 29,955 | | | 14,968 | | | 44,923 | Thereafter | | | 72,152 | | | 35,717 | | | 107,869 | Total lease payments | | $ | 295,598 | | $ | 121,028 | | $ | 416,626 | Less: Amount representing interest | | | (54,660) | | | (24,611) | | | (79,271) | Total | | | 240,938 | | | 96,417 | | | 337,355 | Less: Current lease obligation payments | | | (58,833) | | | (20,839) | | | (79,672) | Total long-term lease obligations | | $ | 182,105 | | $ | 75,578 | | $ | 257,683 |
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| Schedule of financing lease liabilities |
Future commitments as of June 30, 2026 for lease liabilities related to premises, equipment and other recurring commitments are as follows (in thousands): | | | | | | | | | | | | Maturities of Lease Liabilities | Year Ending December 31, | | Operating Leases | | Finance Leases | | Total | 2026 | | $ | 39,836 | | $ | 16,817 | | $ | 56,653 | 2027 | | | 62,936 | | | 18,706 | | | 81,642 | 2028 | | | 49,577 | | | 22,374 | | | 71,951 | 2029 | | | 41,142 | | | 12,446 | | | 53,588 | 2030 | | | 29,955 | | | 14,968 | | | 44,923 | Thereafter | | | 72,152 | | | 35,717 | | | 107,869 | Total lease payments | | $ | 295,598 | | $ | 121,028 | | $ | 416,626 | Less: Amount representing interest | | | (54,660) | | | (24,611) | | | (79,271) | Total | | | 240,938 | | | 96,417 | | | 337,355 | Less: Current lease obligation payments | | | (58,833) | | | (20,839) | | | (79,672) | Total long-term lease obligations | | $ | 182,105 | | $ | 75,578 | | $ | 257,683 |
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