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Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases
10 — Leases

The following table summarizes the components of the Company's operating lease expense for the years ended December 31, 2025, 2024, and 2023:

Year ended December 31,
202520242023
in thousands
Operating lease expense (1)
$8,911 $8,053 $11,681 
Variable lease expense (1) (2)
3,641 3,570 4,685 
Sublease revenue (3)
(1,062)(1,283)(704)
Lease cost, net$11,490 $10,340 $15,662 
(1)    Classified within "General and administrative expenses" in the Consolidated Statements of Operations.
(2)    Includes maintenance, taxes, insurance, and payments affected by the CPI.
(3)    Classified within "Membership and other revenue" in the Consolidated Statements of Operations.

The following table summarizes supplemental balance sheet information related to operating leases as of December 31, 2025 and 2024:

December 31,
20252024
in thousands
ROU assets obtained in exchange for new operating lease liabilities$2,446 $1,317 
Weighted average lease term7.488.23
Weighted average discount rate5.1 %5.0 %
The following table summarizes information about the amount and timing of the Company's future operating lease commitments as of December 31, 2025:

in thousands
2026$8,979 
20278,526 
20288,453 
20296,672 
20305,379 
Thereafter17,396 
Total lease payments55,405 
Less: imputed interest(9,723)
Total lease liabilities$45,682