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Leases (Tables)

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Summary of Lease Costs

The components of lease costs for the three months ended March 31, 2025 and March 31, 2024 are as follows (in thousands):

		Three Months Ended
		March 31, 2025				March 31, 2024
Operating lease cost		$	16,555			$	16,677
Short-term lease cost			3,378				3,652
Amortization of right-of-use assets			1,108				777
Interest on lease liabilities			128				94
Sublease income			(924	)			(1,119	)
Total lease cost		$	20,245			$	20,081

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases for the three months ended March 31, 2025 and March 31, 2024 is as follows (in thousands):

		Three Months Ended
		March 31, 2025				March 31, 2024
Operating cash flows for operating leases		$	17,088			$	17,525
Operating cash flows for finance leases			128				94
Financing cash flows from finance leases			1,073				740
Right-of-use assets obtained in exchange for new operating lease liabilities			4,694				1,994
Right-of-use assets obtained in exchange for new finance lease liabilities		$	548			$	1,380

Schedule of Supplemental Balance Sheet and Other Information Related to Leases

Supplemental balance sheet and other information related to leases as of March 31, 2025 and December 31, 2024 are as follows (in thousands):

		March 31, 2025				December 31, 2024
Operating Leases:
Right-of-use assets		$	148,715			$	153,048
Lease liabilities:
Current			53,137				52,725
Long-term			108,336				114,386
Total operating lease liabilities		$	161,473			$	167,111
Finance Leases:
Other noncurrent assets		$	10,157			$	9,864
Accrued expenses and other current liabilities		$	3,967			$	3,645
Other long-term liabilities		$	6,475			$	6,441
Weighted Average Remaining Lease Term:
Operating leases		3.8 Years				3.9 Years
Finance leases		2.8 Years				2.8 Years
Weighted Average Discount Rate:
Operating leases			4.5	%			4.5	%
Finance leases			5.0	%			5.0	%

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 March 31, 2025 is as follows (in thousands):

		Operating Leases				Finance Leases
2025 (remaining)		$	46,423			$	3,349
2026			44,723				3,838
2027			31,584				2,581
2028			26,182				1,237
2029			19,348				117
Thereafter			8,058				-
Total lease payments			176,318				11,122
Less: imputed interest			(14,845	)			(680	)
Total present value of lease liabilities		$	161,473			$	10,442

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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

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