v3.26.3
LEASES (Tables)
9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Schedule of Components of Lease Cost
The components of lease costs are as follows:
Three Months EndedNine Months Ended
(in thousands)September 30,
2026
September 30,
2025
September 30,
2026
September 30,
2025
Operating lease costs$6,917 $4,427 $15,218 $13,338 
Variable lease costs1,210 1,003 3,195 3,058 
Total lease costs$8,127 $5,430 $18,413 $16,396 
The Company’s weighted average remaining lease term and weighted average discount rate for operating leases were as follows:
September 30,
2026
December 31, 2025
Weighted-average remaining lease term8.7 years6.9 years
Weighted average discount rate4.5 %2.6 %
Schedule of Future Undiscounted Lease Payments, Operating Leases
Future undiscounted lease payments under operating leases as of September 30, 2026 were as follows:
(in thousands)Amount
Remainder of 2026$1,560 
20278,437 
202813,560 
202914,164 
203014,148 
2031 and thereafter68,489 
Total undiscounted lease payments
$120,358 
Less: Imputed interest
(24,820)
Less: Tenant improvement allowance*
(9,690)
Total operating lease liabilities
$85,848 
_________
*Tenant improvement allowance is estimated to be received as follows: approximately $0.4 million in the next twelve months and $9.3 million thereafter.