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Leases
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases 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 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 leases included on the Condensed Consolidated Balance Sheets as of September 30, 2025 and 2024 and December 31, 2024, Condensed Consolidated Statements of Earnings and Comprehensive Income, and Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 2024:

Condensed Consolidated Balance Sheets Line ItemSeptember 30,December 31,
(in thousands)202520242024
Operating leases
AssetsOperating lease right-of-use assets$94,363 $87,097 $93,933 
Liabilities
CurrentAccrued expenses and other current liabilities$19,965 $18,094 $19,415 
Noncurrent Operating lease liabilities76,599 70,496 76,184 
Total operating lease liabilities$96,564 $88,590 $95,599 

The components of lease expense were as follows:
Condensed Consolidated Statements of Earnings and Comprehensive Income Line ItemThree Months Ended
 September 30,
(in thousands)20252024
Lease cost
General administrative expenses and cost of sales$6,478 $5,599 

Other Information

Supplemental cash flow information related to leases is as follows:
Three Months Ended
 September 30,
(in thousands)20252024
Cash paid for amounts included in the measurement of lease liabilities:
   Operating cash flows for operating leases$6,336 $5,559 
Operating right-of-use assets obtained in exchange for new lease liabilities742 5,862 

The following is a schedule, by years, of maturities of operating lease liabilities as of September 30, 2025:
(in thousands)Operating Leases
Remaining three months of 2025$6,416 
202623,034 
202719,918 
202817,493 
202913,644 
203010,208 
Thereafter22,180 
Total lease payments112,893 
Less: Present value discount(16,329)
     Total lease liabilities$96,564 
The following table summarizes the Company's lease terms and discount rates as of September 30, 2025 and 2024:
20252024
Weighted-average remaining lease terms (in years)6.46.5
Weighted-average discount rate5.2 %5.1 %
Leases 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 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 leases included on the Condensed Consolidated Balance Sheets as of September 30, 2025 and 2024 and December 31, 2024, Condensed Consolidated Statements of Earnings and Comprehensive Income, and Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 2024:

Condensed Consolidated Balance Sheets Line ItemSeptember 30,December 31,
(in thousands)202520242024
Operating leases
AssetsOperating lease right-of-use assets$94,363 $87,097 $93,933 
Liabilities
CurrentAccrued expenses and other current liabilities$19,965 $18,094 $19,415 
Noncurrent Operating lease liabilities76,599 70,496 76,184 
Total operating lease liabilities$96,564 $88,590 $95,599 

The components of lease expense were as follows:
Condensed Consolidated Statements of Earnings and Comprehensive Income Line ItemThree Months Ended
 September 30,
(in thousands)20252024
Lease cost
General administrative expenses and cost of sales$6,478 $5,599 

Other Information

Supplemental cash flow information related to leases is as follows:
Three Months Ended
 September 30,
(in thousands)20252024
Cash paid for amounts included in the measurement of lease liabilities:
   Operating cash flows for operating leases$6,336 $5,559 
Operating right-of-use assets obtained in exchange for new lease liabilities742 5,862 

The following is a schedule, by years, of maturities of operating lease liabilities as of September 30, 2025:
(in thousands)Operating Leases
Remaining three months of 2025$6,416 
202623,034 
202719,918 
202817,493 
202913,644 
203010,208 
Thereafter22,180 
Total lease payments112,893 
Less: Present value discount(16,329)
     Total lease liabilities$96,564 
The following table summarizes the Company's lease terms and discount rates as of September 30, 2025 and 2024:
20252024
Weighted-average remaining lease terms (in years)6.46.5
Weighted-average discount rate5.2 %5.1 %