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Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Lease, Cost

The following table presents the balance sheet information related to leases as of December 31, 2024 and 2023:

(in thousands)						December 31, 2024						December 31, 2023
Leases
Operating lease right-of-use assets						$	111,227					$	115,811
Operating lease liabilities						$	125,710					$	130,576

The following table presents the weighted-average operating lease term and weighted-average discount rate as of December 31, 2024 and 2023:

						December 31, 2024						December 31, 2023
Weighted-average remaining lease term (years)						5.8						6.1
Weighted-average discount rate						4.23		%				4.08		%

The following table presents the components of lease expense for the years ended December 31, 2024, 2023, and 2022:

(in thousands)
Lease Costs						2024						2023						2022
Operating lease costs						$	32,695					$	36,378					$	30,383
Short-term lease costs						838						1,367						421
Variable lease costs						29						13						26
Sublease income						(2,456)						(3,173)						(2,504)
Net lease costs						$	31,106					$	34,585					$	28,326

The Company performs impairment assessments for ROU assets when events or changes in circumstances indicate that their carrying values may not be recoverable. For the year ended December 31, 2024, there were no ROU asset impairments recorded in other expenses. For the years ended December 31, 2023 and 2022 there were $2.6 million and $1.8 million, respectively, in ROU asset impairments recorded in other expenses. The impairments were due to the closures or consolidations of leased locations.

The following table presents the supplemental cash flow information related to leases for the years ended December 31, 2024, 2023, and 2022:

(in thousands)
Cash Flows						2024						2023						2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases						$	32,883					$	38,384					$	30,420
Right of use assets obtained in exchange for new operating lease liabilities						$	23,308					$	73,252					$	24,954

Lessee, Operating Lease, Liability, Maturity

The following table presents the maturities of lease liabilities as of December 31, 2024:

(in thousands)			Operating
Year			Leases
2025			$	33,805
2026			29,159
2027			22,118
2028			17,962
2029			13,285
Thereafter			26,769
Total lease payments			143,098
Less: imputed interest			(17,388)
Present value of lease liabilities			$	125,710

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

+ Details

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X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
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X

- 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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