v3.26.3
Operating Leases (Tables)
9 Months Ended
Sep. 30, 2026
Lessee Disclosure [Abstract]  
Schedule of Net Lease Cost

The tables below summarize our net lease cost for the three and nine months ended September 30, 2026 and 2025 (in thousands):

 

 

Three Months Ended September 30,

 

 

 

2026

 

 

2025

 

Operating lease cost

 

$

28,915

 

 

$

29,292

 

Short-term lease cost

 

 

441

 

 

 

571

 

Variable lease cost

 

 

7,461

 

 

 

7,148

 

Sublease income

 

 

(238

)

 

 

(241

)

Net lease cost

 

$

36,579

 

 

$

36,770

 

 

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

Operating lease cost

 

$

85,830

 

 

$

85,429

 

Short-term lease cost

 

 

1,171

 

 

 

1,384

 

Variable lease cost

 

 

22,721

 

 

 

21,899

 

Sublease income

 

 

(709

)

 

 

(561

)

Net lease cost

 

$

109,013

 

 

$

108,151

 

The table below summarizes other information related to our operating leases as of and for the nine months ended September 30, 2026 (in thousands):

Operating lease cash flows

 

$

87,092

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

24,254

 

Weighted-average remaining lease term (years)

 

 

11.8

 

Weighted-average discount rate

 

 

5.22

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of September 30, 2026, (in thousands, except percentages).

Remainder of 2026

 

$

27,679

 

2027

 

 

112,773

 

2028

 

 

111,346

 

2029

 

 

108,989

 

2030

 

 

103,600

 

Thereafter

 

 

685,839

 

Total undiscounted lease payments

 

 

1,150,226

 

Imputed interest

 

 

(319,626

)

Present value of operating lease liabilities

 

$

830,600