Leases and Other Commitments

9 Months Ended

Sep. 30, 2025

The Company has commitments under operating leases for certain facilities, vehicles and equipment used in its operations. Cash used in operations for operating leases was not materially different from operating lease expense for the nine months ended September 30, 2025 and 2024. The Company's leases have a weighted average remaining lease term of approximately six years.

The components of lease expense were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
	(In thousands)
Operating lease cost	$	18,611	$	17,493	$	61,848	$	52,894
Variable lease cost	4,551		3,001		11,753		9,334
Total lease cost	$	23,162	$	20,494	$	73,601	$	62,228

Supplemental balance sheet information related to leases was as follows:


	September 30, 2025		December 31, 2024
	(In thousands)
Right of use assets, net	$	267,589	$	235,666
Lease liabilities included in Accrued Liabilities and other	61,223		54,736
Lease liabilities included in Other long-term liabilities	220,972		190,017
Total lease liabilities	$	282,195	$	244,753

Maturities of lease liabilities as of September 30, 2025 were as follows:


Lease Liability Maturity Analysis	Operating Leases
	(In thousands)
Remaining 2025	$	17,891
2026	67,807
2027	55,766
2028	43,768
2029	36,722
Thereafter	113,693
Total lease payments	335,647
Less: imputed interest	53,452
	$	282,195

The Company does not have any significant leases that have not yet commenced.

Other Commitments

In the ordinary course of its business, the Company issues guarantees, stand-by letters of credit and surety bonds to provide financial or performance assurance to third parties on behalf of its consolidated subsidiaries to support or enhance the subsidiary's stand-alone creditworthiness. At September 30, 2025, the maximum amount of future payment obligations relative to these various guarantees was $302.0 million and the outstanding liability under certain of those guarantees was $183.2 million.