9. LEASES: The Company’s lease costs for the three and nine months ended September 30, 2026 and 2025 are as follows (in thousands): | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | September 30, | | September 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | Operating lease cost | $ | 6,627 | | $ | 5,256 | | $ | 17,891 | | $ | 15,304 | | Finance lease cost: | | | | | | | | | | | | | Amortization of right-of-use assets | | 138 | | | 149 | | | 369 | | | 247 | | Interest on lease liabilities | | 8 | | | 14 | | | 26 | | | 22 | | Net lease cost | $ | 6,773 | | $ | 5,419 | | $ | 18,286 | | $ | 15,573 | |
Future minimum lease payments under non-cancelable leases at September 30, 2026 are as follows (in thousands): | | | | | | | | | Operating | | Finance | | | Leases | | Leases | Year 1 | | $ | 14,927 | | $ | 297 | Year 2 | | | 15,296 | | | 163 | Year 3 | | | 14,191 | | | 38 | Year 4 | | | 13,928 | | | — | Year 5 | | | 11,919 | | | — | Years thereafter | | | 614,363 | | | — | Total future minimum lease payments | | | 684,624 | | | 498 | Less amount representing interest | | | (520,930) | | | (30) | Total present value of minimum payments | | $ | 163,694 | | $ | 468 |
The remaining lease term and discount rate for the Company’s leases are as follows: | | | Weighted-average remaining lease term: | | | Operating leases | 38.7 | years | Finance leases | 1.8 | years | Weighted-average discount rate: | | | Operating leases | 7.3 | % | Finance leases | 6.0 | % |
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