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Lease Commitments

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Lease Commitments

Lease Commitments

The following tables provide a summary of lease costs, weighted average remaining lease term and discount rate and future required fixed payments related to the Company’s leasing arrangements in which it is the lessee:

						Year Ended
(In thousands)						December 31, 2025						December 31, 2024						December 31, 2023
Operating lease cost						$	25,277					$	23,446					$	22,337
Finance lease cost:
Amortization of right-of-use asset						249						249						219
Interest on lease liability						365						366						290
Short-term lease cost						143						111						41
Variable lease cost						3,640						2,865						2,391
Sublease income						—						(80)						(70)
Total lease cost						$	29,674					$	26,957					$	25,208

						Year Ended
(In thousands)						December 31, 2025						December 31, 2024
Cash paid for amounts included in the measurement of operating lease liabilities						$	25,584					$	24,940
Cash paid for amounts included in the measurement of finance lease liabilities						429						349
Right-of-use asset obtained in exchange for new operating lease liabilities						11,230						9,538
Right-of-use asset obtained in exchange for new finance lease liabilities						—						1,222
Weighted average remaining lease term - operating leases						9.43 years						9.87 years
Weighted average remaining lease term - finance leases						34.89						36.49
Weighted average discount rate - operating leases						4.43		%				4.30		%
Weighted average discount rate - finance leases						3.93						3.93

(In thousands)						Payments
2026						$	24,679
2027						23,896
2028						21,925
2029						19,734
2030						13,686
2031 and thereafter						92,705
Total minimum future amounts						$	196,625
Impact of measuring the lease liability on a discounted basis						(53,888)
Total lease liability						$	142,737

In addition to the lessee arrangements discussed above, the Company also leases certain owned premises and receives rental income from such lessor agreements. Gross rental income related to the Company’s buildings totaled $5.9 million, $5.8 million and $6.3 million, in 2025, 2024 and 2023, respectively. The approximate annual gross rental receipts under noncancelable agreements with remaining terms in excess of one year as of December 31, 2025, are as follows (in thousands):

 

												Receipts
2026												$	3,416
2027												2,791
2028												1,672
2029												1,152
2030												690
2031 and thereafter												3,367
Total minimum future amounts												$	13,088

Lease Commitments

Lease Commitments

The following tables provide a summary of lease costs, weighted average remaining lease term and discount rate and future required fixed payments related to the Company’s leasing arrangements in which it is the lessee:

						Year Ended
(In thousands)						December 31, 2025						December 31, 2024						December 31, 2023
Operating lease cost						$	25,277					$	23,446					$	22,337
Finance lease cost:
Amortization of right-of-use asset						249						249						219
Interest on lease liability						365						366						290
Short-term lease cost						143						111						41
Variable lease cost						3,640						2,865						2,391
Sublease income						—						(80)						(70)
Total lease cost						$	29,674					$	26,957					$	25,208

						Year Ended
(In thousands)						December 31, 2025						December 31, 2024
Cash paid for amounts included in the measurement of operating lease liabilities						$	25,584					$	24,940
Cash paid for amounts included in the measurement of finance lease liabilities						429						349
Right-of-use asset obtained in exchange for new operating lease liabilities						11,230						9,538
Right-of-use asset obtained in exchange for new finance lease liabilities						—						1,222
Weighted average remaining lease term - operating leases						9.43 years						9.87 years
Weighted average remaining lease term - finance leases						34.89						36.49
Weighted average discount rate - operating leases						4.43		%				4.30		%
Weighted average discount rate - finance leases						3.93						3.93

(In thousands)						Payments
2026						$	24,679
2027						23,896
2028						21,925
2029						19,734
2030						13,686
2031 and thereafter						92,705
Total minimum future amounts						$	196,625
Impact of measuring the lease liability on a discounted basis						(53,888)
Total lease liability						$	142,737

In addition to the lessee arrangements discussed above, the Company also leases certain owned premises and receives rental income from such lessor agreements. Gross rental income related to the Company’s buildings totaled $5.9 million, $5.8 million and $6.3 million, in 2025, 2024 and 2023, respectively. The approximate annual gross rental receipts under noncancelable agreements with remaining terms in excess of one year as of December 31, 2025, are as follows (in thousands):

 

												Receipts
2026												$	3,416
2027												2,791
2028												1,672
2029												1,152
2030												690
2031 and thereafter												3,367
Total minimum future amounts												$	13,088

Lease Commitments

Lease Commitments

The following tables provide a summary of lease costs, weighted average remaining lease term and discount rate and future required fixed payments related to the Company’s leasing arrangements in which it is the lessee:

						Year Ended
(In thousands)						December 31, 2025						December 31, 2024						December 31, 2023
Operating lease cost						$	25,277					$	23,446					$	22,337
Finance lease cost:
Amortization of right-of-use asset						249						249						219
Interest on lease liability						365						366						290
Short-term lease cost						143						111						41
Variable lease cost						3,640						2,865						2,391
Sublease income						—						(80)						(70)
Total lease cost						$	29,674					$	26,957					$	25,208

						Year Ended
(In thousands)						December 31, 2025						December 31, 2024
Cash paid for amounts included in the measurement of operating lease liabilities						$	25,584					$	24,940
Cash paid for amounts included in the measurement of finance lease liabilities						429						349
Right-of-use asset obtained in exchange for new operating lease liabilities						11,230						9,538
Right-of-use asset obtained in exchange for new finance lease liabilities						—						1,222
Weighted average remaining lease term - operating leases						9.43 years						9.87 years
Weighted average remaining lease term - finance leases						34.89						36.49
Weighted average discount rate - operating leases						4.43		%				4.30		%
Weighted average discount rate - finance leases						3.93						3.93

(In thousands)						Payments
2026						$	24,679
2027						23,896
2028						21,925
2029						19,734
2030						13,686
2031 and thereafter						92,705
Total minimum future amounts						$	196,625
Impact of measuring the lease liability on a discounted basis						(53,888)
Total lease liability						$	142,737

In addition to the lessee arrangements discussed above, the Company also leases certain owned premises and receives rental income from such lessor agreements. Gross rental income related to the Company’s buildings totaled $5.9 million, $5.8 million and $6.3 million, in 2025, 2024 and 2023, respectively. The approximate annual gross rental receipts under noncancelable agreements with remaining terms in excess of one year as of December 31, 2025, are as follows (in thousands):

 

												Receipts
2026												$	3,416
2027												2,791
2028												1,672
2029												1,152
2030												690
2031 and thereafter												3,367
Total minimum future amounts												$	13,088

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The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability.

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-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
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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.

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-URI https://asc.fasb.org/842-30/tableOfContent

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