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Leases | 3 Months Ended
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Mar. 31, 2026
Leases [Abstract] |
Leases | 9. Leases The Company has entered into non-cancelable lease agreements for its offices with lease periods expiring at various dates through 2036. Components of operating lease expense were as follows:
|  | Three Months Ended March 31, |
|  | 2026 |  |  | 2025 |
|  | (in thousands) |
Operating lease cost |  | $ | 2,223 |  |  | $ | 2,234 |
Short-term lease cost |  |  | 236 |  |  |  | 248 |
Variable lease cost |  |  | 406 |  |  |  | 299 |
Total operating lease cost |  | $ | 2,865 |  |  | $ | 2,781 |
Supplementary cash flow information related to operating leases was as follows:
|  | Three Months Ended March 31, |
|  | 2026 |  |  | 2025 |
|  | (in thousands) |
Cash paid for operating leases |  | $ | 2,257 |  |  | $ | 2,323 |
Operating lease right-of-use assets obtained in exchange for operating lease liabilities |  | $ | 6,163 |  |  | $ | 516 |
As of March 31, 2026, the weighted-average discount rate is 4.8% and the weighted-average remaining term is 3.8 years. Maturities of the Company’s operating lease liabilities as of March 31, 2026 were as follows:
|  | March 31, 2026 |
|  | (in thousands) |
Year Ending December 31, |  |  |
2026 (Remainder) |  | $ | 4,503 |
2027 |  |  | 4,171 |
2028 |  |  | 3,832 |
2029 |  |  | 2,856 |
2030 |  |  | 2,942 |
Thereafter |  |  | 1,003 |
Total operating lease payments |  |  | 19,307 |
Less: imputed interest |  |  | (2,860 | )
Total operating lease liabilities |  | $ | 16,447 |
As of March 31, 2026, the Company had an additional commitment of $114.9 million for an operating lease related to a facility that had not yet commenced. The lease is expected to commen ce in the third quarter of 2026 wit h a lease term of 10 years.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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