v3.25.4

Leases (Tables) | 12 Months Ended
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Dec. 31, 2025
Leases [Abstract] |
Summary of Weighted Average Remaining Lease Terms and Weighted Average Discount Rate for Operating Leases | The following table provides weighted average remaining lease terms and weighted average discount rate for operating leases:
|  | Year ended December 31,
|  | 2025 |  | 2024
Weighted-average remaining lease term: |  | 7.1 years |  | 7.8 years
Weighted-average discount rate: |  | 4.7% |  | 4.7%
Schedule of Operating Lease Expense, Variable Lease Expense and Cash Payments Related to Operating Lease Liabilities | Operating lease expense, variable lease expense and cash payments related to operating lease liabilities for the 2025, 2024, and 2023 are as follows:
|  | Year ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | (in thousands) |
Operating lease expense |  | $ | 41,389 |  |  | $ | 39,536 |  |  | $ | 42,826 |
Variable lease expense |  | $ | 6,165 |  |  | $ | 6,176 |  |  | $ | 5,730 |
Cash payments |  | $ | 47,664 |  |  | $ | 56,548 |  |  | $ | 55,322 |
Summary of Reconciliation Between Non-cancelable Lease Commitments and Lease Liabilities | The following table provides a reconciliation between non-cancelable lease commitments and lease liabilities as of December 31, 2025 (in thousands):
|  | Operating leases |  |
Lease commitments (Note 12) |  | $ | 313,384 |  |
Less: Legally binding minimum lease payments for leases signed but not yet commenced |  |  | — |  |
Less: Operating leases with a duration of 12 months or less |  |  | (2,952 | ) |
Less: Present value discount |  |  | (48,127 | ) |
Total lease liabilities |  | $ | 262,305 |  |
Schedule of Operating Sublease Income Generated under Operating Lease Agreements | The Company subleases some of its unused spaces to third parties. Operating sublease income generated under all operating lease agreements is as follows:
|  | Year ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | (in thousands) |
Operating sublease income |  | $ | 7,062 |  |  | $ | 6,653 |  |  | $ | 7,796 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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