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LEASES
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Lessee, Operating Leases LEASES
The Company enters into leases for real estate and equipment. Real estate leases are for our corporate office space and laboratories around the world. Real estate leases have remaining lease terms of less than 1 year to 16 years.
Many of the Company’s leases include options to extend the leases on a month to month basis or for set periods for up to 20 years. Many leases also include options to terminate the leases within 1 year or per other contractual terms.
The components of lease expense were as follows (in thousands):
Year Ended December 31,
202420232022
Operating lease cost$31,593 $27,919 $25,874 
Variable lease cost$11,409 $9,455 $8,569 
Supplemental cash flow information related to the leases was as follows (in thousands):
Year Ended December 31,
202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$22,413 $19,829 $17,002 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases9,163 23,960 30,882 
Supplemental balance sheet information related to the leases was as follows at December 31 (in thousands):
20242023
Operating lease right-of-use assets - related parties$74,889 $83,065 
Operating lease right-of-use assets - non-related parties53,760 61,736 
Operating lease right-of-use assets$128,649 $144,801 
Other current liabilities - related parties6,310 5,730 
Other current liabilities - non-related parties16,979 16,635 
Other current liabilities$23,289 $22,365 
Operating lease liabilities - related parties84,259 90,568 
Operating lease liabilities - non-related parties41,975 51,554 
Operating lease liabilities126,234 142,122 
Total operating lease liabilities$149,523 $164,487 
Weighted Average Remaining Lease Term (years)
Operating leases9.610.0
Weighted Average Discount Rate
Operating leases5.7 %5.6 %
Lease payments due related to lease liabilities as of December 31, 2024 were as follows (in thousands):
Related Party
Operating Leases
Non-Related Parties
Operating Leases
Total
Operating Leases
2025$11,607 $18,888 $30,495 
202611,807 15,733 27,540 
202710,839 12,453 23,292 
20288,609 7,336 15,945 
20298,824 4,547 13,371 
Later years82,845 6,605 89,450 
Total lease payments134,531 65,562 200,093 
Less: imputed interest(43,962)(6,608)(50,570)
Total$90,569 $58,954 $149,523