Three Months Ended

Nine Months Ended

September 30,

(Dollars in thousands)

2025

2024

2025

2024

Lease Cost Components:

Amortization of ROU assets – finance leases

$

117

$

117

$

348

$

350

Interest on lease liabilities – finance leases

6

8

20

26

Operating lease cost (cost resulting from lease payments)

15,708

4,025

40,991

12,658

Short-term lease cost

528

144

1,308

467

Variable lease cost (cost excluded from lease payments)

898

704

3,213

2,457

Total lease cost

$

17,257

$

4,998

$

45,880

$

15,958

Supplemental Cash Flow and Other Information Related to Leases:

Finance lease – operating cash flows

$

6

$

8

$

20

$

26

Finance lease – financing cash flows

122

120

363

357

Operating lease – operating cash flows (fixed payments)

13,938

4,450

36,802

12,862

Operating lease – operating cash flows (net change asset/liability)

(6,330)

(3,436)

(17,752)

(10,103)

New ROU assets – operating leases

2,646

—

399,965

9,093

Weighted – average remaining lease term (years) – finance leases

2.71

3.69

2.71

3.69

Weighted – average remaining lease term (years) – operating leases

12.49

8.63

12.49

8.63

Weighted – average discount rate - finance leases

1.8%

1.7%

1.8%

1.7%

Weighted – average discount rate - operating leases

6.4%

3.4%

6.4%

3.4%

Operating lease payments due:

2025 (excluding 9 months ended September 30, 2025)

$

14,116

2026

57,848

2027

56,862

2028

56,706

2029

55,848

Thereafter

536,093

Total undiscounted cash flows

777,473

Discount on cash flows

(285,869)

Total operating lease liabilities

$

491,604