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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Components of Lease Costs | The Company’s long-term leases consist primarily of office space, vehicles and other property and equipment used in its operations. The components of lease costs attributable to continuing operations were as follows for the periods presented:
| Year Ended December 31, |  |  |
| 2024 |  | 2023 |  | 2022 |  |
| (In thousands)
Operating lease costs | $ | 31,830 |  |  | $ | 9,853 |  |  | $ | 11,292 |  |  |  |
Variable lease costs(1) | 11,137 |  |  | 13,391 |  |  | 8,562 |  |  |  |
Short-term lease costs | 59,429 |  |  | 56,100 |  |  | 25,716 |  |  |  |
Sublease income | (1,570) |  |  | (199) |  |  | — |  |  |  |
Finance lease costs: |  |  |  |  |  |  |  |
Amortization of ROU assets | 1,569 |  |  | 1,367 |  |  | 1,342 |  |  |  |
Interest on lease liabilities | 299 |  |  | 126 |  |  | 65 |  |  |  |
Total lease costs | $ | 102,694 |  |  | $ | 80,638 |  |  | $ | 46,977 |  |  |  |
___________________ (1)Based on payments made by the Company to lessors for the right to use an underlying asset that vary because of changes in circumstances occurring after the commencement date, other than the passage of time, such as property taxes, operating and maintenance costs, which do not depend on an index or rate.
Schedule of Maturities of Company's Finance Leases | As of December 31, 2024, maturities of the Company’s lease liabilities were as follows:
|  | Operating Leases |  | Finance Leases
|  | (In thousands)
2025 |  | $ | 33,863 |  |  | $ | 1,953 |
2026 |  | 11,587 |  |  | 1,771 |
2027 |  | 4,417 |  |  | 1,434 |
2028 |  | 2,918 |  |  | 585 |
2029 |  | 2,748 |  |  | 80 |
Thereafter |  | 1,379 |  |  | — |
Total future lease payments |  | 56,912 |  |  | 5,823 |
Less: Imputed interest |  | 4,060 |  |  | 578 |
Present value of future lease payments |  | $ | 52,852 |  |  | $ | 5,245 |
Schedule of Maturities of Company's Operating Leases | As of December 31, 2024, maturities of the Company’s lease liabilities were as follows:
|  | Operating Leases |  | Finance Leases
|  | (In thousands)
2025 |  | $ | 33,863 |  |  | $ | 1,953 |
2026 |  | 11,587 |  |  | 1,771 |
2027 |  | 4,417 |  |  | 1,434 |
2028 |  | 2,918 |  |  | 585 |
2029 |  | 2,748 |  |  | 80 |
Thereafter |  | 1,379 |  |  | — |
Total future lease payments |  | 56,912 |  |  | 5,823 |
Less: Imputed interest |  | 4,060 |  |  | 578 |
Present value of future lease payments |  | $ | 52,852 |  |  | $ | 5,245 |
Schedule of Supplemental Balance Sheet Information Related to Company's Leases | Supplemental balance sheet information related to the Company’s leases were as follows:
|  |  |  | December 31, |  |
|  | Balance Sheet Location |  | 2024 |  | 2023 |  |
|  |  |  | (In thousands) |  |
Assets |  |  |  |  |  |  |  |
Operating lease assets(1) |  | Operating right-of-use assets |  | $ | 38,004 |  |  | $ | 21,343 |  |  |
Finance lease assets(2) |  | Other assets |  | 5,220 |  |  | 2,748 |  |  |
Total lease assets |  |  |  | $ | 43,224 |  |  | $ | 24,091 |  |  |
Liabilities |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |
Operating lease liabilities(1) |  | Current operating lease liabilities |  | $ | 37,629 |  |  | $ | 13,258 |  |  |
Finance lease liabilities |  | Other current liabilities |  | 1,665 |  |  | 916 |  |  |
Long-term |  |  |  |  |  |  |  |
Operating lease liabilities(1) |  | Operating lease liabilities |  | 15,190 |  |  | 18,667 |  |  |
Finance lease liabilities |  | Other liabilities |  | 3,613 |  |  | 1,881 |  |  |
Total lease liabilities |  |  |  | $ | 58,097 |  |  | $ | 34,722 |  |  |
___________________ (1)The year ended December 31, 2024 includes $43.0 million of operating leases for certain operating equipment and office buildings acquired in connection with the Arrangement. (2)Finance lease ROU assets are recorded net of accumulated amortization of $2.4 million and $1.2 million as of December 31, 2024 and 2023, respectively.
Schedule of Supplemental Cash Flow Information and Non-cash Transactions | Supplemental cash flow information and non-cash transactions related to the Company’s leases were as follows:
| Year Ended December 31, |  |  |
| 2024 |  | 2023 |  | 2022 |  |
| (In thousands) |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |
Operating cash flows from operating leases | $ | 30,222 |  |  | $ | 15,627 |  |  | $ | 15,843 |  |  |  |
Operating cash flows from finance leases | 297 |  |  | 160 |  |  | 57 |  |  |  |
Financing cash flows from finance leases | 1,458 |  |  | 1,702 |  |  | 1,299 |  |  |  |
ROU assets obtained in exchange for lease obligations |  |  |  |  |  |  |  |
Operating leases(1) | $ | 49,278 |  |  | $ | 22,201 |  |  | $ | 20,164 |  |  |  |
Finance leases(2) | 4,094 |  |  | 2,307 |  |  | 2,659 |  |  |  |
___________________ (1)The year ended December 31, 2024 includes $43.0 million related to operating leases acquired in the Arrangement. The year ended December 31, 2022 includes $15.8 million related to operating leases acquired in the Merger. (2)The year ended December 31, 2022 includes $2.1 million related to finance leases acquired in the Merger.
Schedule of Weighted-average Lease Terms and Discount Rates for the Company's Leases | Weighted-average remaining lease terms and discount rates for the Company’s leases were as follows:
| December 31,
| 2024 |  | 2023
Operating leases |  |  |
Weighted average remaining lease term | 2.4 years |  | 3.6 years
Weighted average discount rate | 6.8 | % |  | 6.3 | %
Finance leases |  |  |
Weighted average remaining lease term | 3.2 years |  | 3.2 years
Weighted average discount rate | 6.7 | % |  | 5.7 | %

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