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Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Summary of Lease Costs

The components of lease costs for the three and nine months ended September 30, 2024 and September 30, 2023 are as follows (in thousands):


		Three Months Ended								Nine Months Ended
		September 30, 2024				September 30, 2023				September 30, 2024				September 30, 2023
Operating lease cost		$	16,022			$	16,885			$	49,584			$	50,639
Short-term lease cost			4,480				2,823				11,912				9,882
Amortization of right-of-use assets			923				718				2,535				1,904
Interest on lease liabilities			115				73				313				171
Sublease income			(1,008	)			(1,186	)			(3,246	)			(3,549	)
Total lease cost		$	20,532			$	19,313			$	61,098			$	59,047

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases for the nine months ended September 30, 2024 and September 30, 2023 is as follows (in thousands):


		Nine Months Ended
		September 30, 2024				September 30, 2023
Operating cash flows for operating leases		$	51,013			$	53,040
Operating cash flows for finance leases			313				171
Financing cash flows from finance leases			2,419				1,865
Right-of-use assets obtained in exchange for new operating lease liabilities			15,633				48,430
Right-of-use assets obtained in exchange for new finance lease liabilities		$	4,003			$	4,470

Schedule of Supplemental Balance Sheet and Other Information Related to Leases

Supplemental balance sheet and other information related to leases as of September 30, 2024 and December 31, 2023 are as follows (in thousands):


		September 30, 2024				December 31, 2023
Operating Leases:
Right-of-use assets		$	135,367			$	159,211
Lease liabilities:
Current			51,971				58,556
Long-term			97,838				117,505
Total operating lease liabilities		$	149,809			$	176,061
Finance Leases:
Other noncurrent assets		$	9,292			$	7,779
Accrued expenses and other current liabilities		$	3,442			$	2,682
Other long-term liabilities		$	6,042			$	5,129

Weighted Average Remaining Lease Term:
Operating leases		3.7 Years				3.9 years
Finance leases		3 Years				3.1 years
Weighted Average Discount Rate:
Operating leases			4.4	%			4.2	%
Finance leases			4.9	%			4.6	%

Schedule of Maturity Analysis of Future Undiscounted Cash Flows

A maturity analysis of the future undiscounted cash flows associated with the Company’s operating and finance lease liabilities as of September 30, 2024 is as follows (in thousands):


		Operating Leases				Finance Leases
2024 (remaining)		$	15,966			$	1,006
2025			53,485				3,642
2026			36,703				2,985
2027			23,116				1,803
2028			18,182				718
Thereafter			14,748				38
Total lease payments			162,200				10,192
Less: imputed interest			(12,391	)			(708	)
Total present value of lease liabilities		$	149,809			$	9,484