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Leases | 3 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Leases | Leases The Company has entered into various non-cancelable operating leases for its facilities expiring between 2025 and 2033. Certain lease agreements contain an option for the Company to renew a lease for a term of up to three years or an option to terminate a lease early within one year. The Company considers these options, which may be elected at the Company’s sole discretion, in determining the lease term on a lease-by-lease basis. Lease expense for these leases is recognized on a straight-line basis over the lease term, with variable lease payments recognized in the period those payments are incurred. The components of lease cost recognized within the Company’s condensed consolidated statements of operations were as follows (in thousands):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Operating lease cost (1) | $ | 13,055 |  |  | $ | 10,530 |  |  |  |  |
Short-term lease cost | 2,757 |  |  | 1,315 |  |  |  |  |
1)Includes non-cash lease expense of $8.4 million and $6.8 million for the three months ended March 31, 2025 and 2024, respectively. Supplemental cash flow information and non-cash activity related to the Company’s operating leases are as follows (in thousands):
| Three Months Ended March 31,
| 2025 |  | 2024
Cash paid for amounts included in measurement of lease liabilities | $ | 10,611 |  |  | $ | 2,284 |
Operating lease assets obtained in exchange for new lease liabilities | 37,769 |  |  | 55,042 |
Maturities of lease liabilities by fiscal year for the Company’s operating leases are as follows (in thousands):
| Amount
Remainder of 2025 | $ | 22,863 |
2026 | 52,257 |
2027 | 51,565 |
2028 | 45,852 |
2029 | 41,877 |
Thereafter | 125,259 |
Total lease payments | $ | 339,673 |
Less: imputed interest | (77,471) |
Present value of lease liabilities | $ | 262,202 |
Weighted average remaining lease term and discount rate for the Company’s operating leases are as follows:
| March 31, 2025 |  |
Weighted-average remaining lease term (years) | 6.8 |  |
Weighted-average discount rate | 6.75 | % |  |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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