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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Lease, Cost | Leases The Company has operating leases for certain facilities, equipment and automobiles. The existing operating leases expire at various dates through 2039, some of which include options to extend the leases for up to five years. The Company measured the lease liability at the present value of the lease payments to be made over the lease term. The lease payments are discounted using the Company's incremental borrowing rate. The Company measured the right-of-use ("ROU") assets at the amount at which the lease liability is recognized plus initial direct costs incurred or prepayment amounts. The ROU assets are amortized on a straight-line basis over the lease term. The following table provides a summary of operating leases included on the consolidated balance sheets as of December 31, 2024, and 2023, and consolidated statements of operations, and consolidated statements of cash flows for the years ended December 31, 2024 and 2023:
| Consolidated Balance Sheets Line Item | As of December 31,
| (in thousands) | 2024 | 2023
| Assets |  |
| Operating lease right-of-use assets | $ | 93,933 |  | $ | 68,792 |
| Liabilities |  |
| Accrued expenses and other current liabilities | $ | 19,415 |  | $ | 14,954 |
| Operating lease liabilities | 76,184 |  | 55,324 |
| Total operating lease liabilities | $ | 95,599 |  | $ | 70,278 |
The components of operating lease expense were as follows:
| Consolidated Statements of Operations Line Item | Years Ended December 31, |
(in thousands) |  | 2024 | 2023 |
Lease cost | General administrative expenses and cost of sales | $ | 19,938 |  | $ | 16,936 |  |
Supplemental cash flow information related to leases is as follows:
| Years Ended December 31, |
(in thousands) | 2024 | 2023 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows for operating leases | $ | 19,243 |  | $ | 15,859 |  |
Operating right-of-use assets obtained in exchange for new lease liabilities |  |  |
Operating leases | $ | 46,482 |  | $ | 23,074 |  |
The following table summarizes the Company’s lease terms and discount rates as of December 31, 2024:
| Years Ended December 31, |  |
| 2024 | 2023 |  |
Weighted-average remaining lease terms (in years): |  |  |  |
Operating leases | 6.4 | 5.5 |  |
Weighted-average discount rate: |  |  |  |
Operating leases | 5.3 | % | 4.9 | % |  |
Finance Lease, Liability, Maturity | The following is a schedule, by years, of maturities for lease liabilities as of December 31, 2024:
(in thousands) | Operating Leases
2025 | $ | 22,883 |
2026 | 20,286 |
2027 | 17,039 |
2028 | 14,942 |
2029 | 11,974 |
Thereafter | 24,819 |
Total lease payments | 111,943 |
Less: Present value discount and other | (16,344) |
Total lease liabilities | $ | 95,599 |
Lessee, Operating Lease, Liability, Maturity | The following is a schedule, by years, of maturities for lease liabilities as of December 31, 2024:
(in thousands) | Operating Leases
2025 | $ | 22,883 |
2026 | 20,286 |
2027 | 17,039 |
2028 | 14,942 |
2029 | 11,974 |
Thereafter | 24,819 |
Total lease payments | 111,943 |
Less: Present value discount and other | (16,344) |
Total lease liabilities | $ | 95,599 |

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- 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 + Details
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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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