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Leases (Tables) | 3 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Summary of Lease Costs | Lease costs consist of the following:
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
|  | (in thousands) |
Finance lease expense |  |  |  |  |  |
Amortization |  | $ | 344 |  |  | $ | 345 |
Interest expense |  |  | 259 |  |  |  | 256 |
Operating lease expense |  |  | 7,685 |  |  |  | 7,205 |
Short term lease expense |  |  | 452 |  |  |  | 364 |
|  | $ | 8,740 |  |  | $ | 8,170 |
Schedule of Impact of Leasing on Consolidated Balance Sheets | The impact of leasing on the Consolidated Balance Sheets consists of the following:
|  | Classification on the |  |  |
|  | Consolidated Balance Sheets |  | March 31, 2025 |  |  | December 31, 2024 |
|  |  |  | (in thousands) |
Assets |  |  |  |  |  |  |  |
Finance lease assets |  | Property, plant and equipment, net |  | $ | 19,919 |  |  | $ | 20,262 |
Operating lease assets |  | Operating lease right of use asset, net |  |  | 168,918 |  |  |  | 172,206 |
Total lease assets |  |  |  | $ | 188,837 |  |  | $ | 192,468 |
Current liabilities |  |  |  |  |  |  |  |
Finance lease liabilities |  | Current portion of long-term debt |  | $ | 833 |  |  | $ | 835 |
Operating lease liabilities |  | Operating lease liabilities |  |  | 17,003 |  |  |  | 17,663 |
Non-current liabilities |  |  |  |  |  |  |  |
Finance lease liabilities |  | Long-term debt |  |  | 17,467 |  |  |  | 17,540 |
Operating lease liabilities |  | Long-term operating lease liabilities |  |  | 161,790 |  |  |  | 164,224 |
Total lease liabilities |  |  |  | $ | 197,093 |  |  | $ | 200,262 |
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases consisted of the following:
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
|  | (in thousands) |
Cash paid for amounts included in measurement of liabilities: |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 7,487 |  |  | $ | 6,970 |
Operating cash flows from finance leases |  |  | 259 |  |  |  | 233 |
Financing cash flows from finance leases |  |  | 225 |  |  |  | 207 |
Right of use assets obtained in exchange for lease liabilities: |  |  |  |  |  |
Operating lease right of use asset |  |  | 1,430 |  |  |  | 764 |
Finance lease asset |  |  | — |  |  |  | 111 |
Schedule of Future Minimum Operating Lease Payments | Future minimum operating lease payments consist of the following for the twelve months ending December 31:
|  | Operating Leases |
|  | (in thousands) |
2025 (excluding the three months ended March 31, 2025) |  | $ | 21,111 |
2026 |  |  | 24,215 |
2027 |  |  | 22,680 |
2028 |  |  | 22,214 |
2029 |  |  | 19,636 |
Thereafter |  |  | 171,040 |
Total future minimum payments |  |  | 280,896 |
Less imputed interest |  |  | 102,103 |
Present value of minimum payments |  | $ | 178,793 |
Schedule of Weighted Average Remaining Lease Term and Borrowing Rate | Weighted average remaining lease term and borrowing rate consisted of the following:
|  | March 31, 2025 |  |  | December 31, 2024 |
|  | Operating Leases |  |  | Finance Leases |  |  | Operating Leases |  |  | Finance Leases |
Weighted average remaining lease term (in years) |  |  | 16.0 |  |  |  | 19.3 |  |  |  | 16.0 |  |  |  | 19.5 |
Weighted average borrowing rate |  |  | 6.2 | % |  |  | 4.7 | % |  |  | 6.2 | % |  |  | 4.7 | %

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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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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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