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Leases (Tables)

9 Months Ended

Sep. 30, 2025

Leases [Abstract]

Schedule of Lease Assets and Liabilities

Lease assets and liabilities are summarized as follows:

(in thousands)						Financial Statement Location						September 30, 2025						December 31, 2024
Operating leases
Operating lease right-of-use assets						Operating lease right-of-use assets						$	144,850					$	175,046
Operating lease liabilities						Operating lease liabilities						194,093						229,825
Finance leases
Property and equipment, at cost						Property, equipment, and capitalized software, net						35,732						42,915
Accumulated depreciation						Property, equipment, and capitalized software, net						(15,772)						(20,755)
Finance lease liabilities						Accounts payable, accrued expenses, and other liabilities						21,018						23,095

Schedule of Lease Term, Discount Rate and Components of Lease Expense

Weighted average remaining lease term and discount rate are as follows:

						September 30, 2025						December 31, 2024
Weighted average remaining lease term
Operating leases						4.12 years						4.60 years
Finance leases						2.73 years						3.53 years
Weighted average discount rate
Operating leases						6.27		%				6.36		%
Finance leases						5.88		%				5.97		%

The components of lease expense are as follows:

						Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands)						2025						2024						2025						2024
Operating lease cost:
Fixed						$	17,371					$	17,916					$	52,602					$	55,114
Variable						1,845						1,693						4,895						4,590
Total Operating lease cost						$	19,216					$	19,609					$	57,497					$	59,704
Sublease income						3,190						3,948						9,832						13,330
Finance lease cost:
Amortization of ROU Asset						$	1,740					$	2,718					$	5,702					$	7,874
Interest on lease liabilities						280						398						921						1,193
Total Finance lease cost						$	2,020					$	3,116					$	6,623					$	9,067

Schedule of Future Minimum Lease Payments Under Operating Leases

Future minimum lease payments under operating and finance leases with non-cancelable lease terms, as of September 30, 2025, are as follows:

(in thousands)						Operating Leases						Finance Leases
2025						$	19,744					$	2,309
2026						76,585						8,764
2027						37,959						7,594
2028						29,959						3,706
2029						21,582						408
2030 and thereafter						34,656						—
Total lease payments						$	220,485					$	22,781
Less imputed interest						(26,392)						(1,763)
Total lease liability						$	194,093					$	21,018

Schedule of Future Minimum Lease Payments Under Finance Leases

Future minimum lease payments under operating and finance leases with non-cancelable lease terms, as of September 30, 2025, are as follows:

(in thousands)						Operating Leases						Finance Leases
2025						$	19,744					$	2,309
2026						76,585						8,764
2027						37,959						7,594
2028						29,959						3,706
2029						21,582						408
2030 and thereafter						34,656						—
Total lease payments						$	220,485					$	22,781
Less imputed interest						(26,392)						(1,763)
Total lease liability						$	194,093					$	21,018

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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

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X

- 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

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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

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Assets And Liabilities, Lessee [Table Text Block]

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