During the three and nine months ended September 30, 2026, the Company incurred operating lease expenses of $9.1 million and $29.0 million, respectively. During the three and nine months ended September 30, 2025, the Company incurred operating lease expenses of $8.9 million and $26.0 million, respectively. Operating lease expense includes short-term lease expenses, which were included as a component of selling, general and administrative expenses in the unaudited condensed consolidated statements of comprehensive income. As of September 30, 2026 and December 31, 2025, the weighted-average remaining lease term was 6.3 years and 6.5 years, respectively, and the weighted-average discount rate was 7.08% and 6.97%, respectively.


Fiscal Year Ended December 31,	Minimum Payments
2026	$	7,827
2027	27,494
2028	21,658
2029	17,049
2030	13,914
Thereafter	44,144
Total lease payments	132,086
Less: interest	(27,382)
Present value of lease liabilities	$	104,704

During the nine months ended September 30, 2026 and 2025, the Company commenced new leases, extensions and amendments, resulting in non-cash operating activities in the unaudited condensed consolidated statements of cash flows of $9.8 million and $23.0 million, respectively, related to the increases in the operating lease right-of-use assets and operating lease liabilities. As of September 30, 2026, the Company did not have any significant operating or financing leases that had not yet commenced.