Leases (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Leases [Abstract] |
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| Right-Of-Use Assets and Lease Liabilities |
The following table presents ROU assets and lease liabilities: | | | | | | | | | | | | | Year Ended December 31, | | (in thousands) | 2025 | | 2024 | | | | | | | | | | | | | | | | | | ROU assets: | | | | | Finance leases | $ | 2,918 | | | $ | 227 | | | Operating leases | 163,886 | | | 166,194 | | | Total | $ | 166,804 | | | $ | 166,421 | | | Lease liabilities | | | | | Finance leases | $ | 3,201 | | | $ | 234 | | | Operating leases | 227,874 | | | 224,973 | | | Total | $ | 231,075 | | | $ | 225,207 | |
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| Summary of lease cost and other information, operating leases |
The table below summarizes the Company’s net lease cost: | | | | | | | | | | | | | Year Ended December 31, | | (in thousands) | 2025 | | 2024 | | | | | | | | | | | | | | | | | | Finance lease cost: | | | | | Amortization of ROU assets | $ | 813 | | | $ | 1,303 | | | Interest on lease liabilities | 66 | | | 19 | | | Operating lease cost | 19,733 | | | 21,593 | | | Short-term lease cost | 35 | | | 37 | | | Variable lease cost | 9,309 | | | 6,069 | | | | | | | Net lease cost | $ | 29,956 | | | $ | 29,021 | | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | Operating cash flows from finance leases | $ | 66 | | | $ | 19 | | | Operating cash flows from operating leases | 25,995 | | | 46,920 | | | Financing cash flows from finance leases | 537 | | | 1,315 | | | | | | | | | | | ROU assets obtained in exchange for new finance leases | 3,504 | | | — | | | ROU assets obtained in exchange for new operating leases | 13,405 | | | 123,344 | |
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| Assets and Liabilities, Lessee |
The table below summarizes other information related to operating and finance leases: | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted-average remaining lease term - finance leases, in years | 2.7 | | 0.4 | | Weighted-average remaining lease term - operating leases, in years | 12.9 | | 13.5 | | Weighted-average discount rate - finance leases | 4.06 | % | | 2.97 | % | | Weighted-average discount rate - operating leases | 4.56 | % | | 4.49 | % |
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| Summary of maturity of remaining lease liabilities |
The table below summarizes the maturity of remaining lease liabilities as of December 31, 2025: | | | | | | | | | | | | | | | | | | | (in thousands) | Finance Leases | | Operating Leases | | Total | | 2026 | $ | 1,251 | | | $ | 23,637 | | | $ | 24,888 | | | 2027 | 1,251 | | | 23,294 | | | 24,545 | | | 2028 | 884 | | | 22,492 | | | 23,376 | | | 2029 | — | | | 21,817 | | | 21,817 | | | 2030 | — | | | 22,385 | | | 22,385 | | | 2030 and thereafter | — | | | 194,079 | | | 194,079 | | | Total lease payments | 3,386 | | | 307,704 | | | 311,090 | | | Less: Interest | (185) | | | (79,830) | | | (80,015) | | | Present value of lease liabilities | $ | 3,201 | | | $ | 227,874 | | | $ | 231,075 | |
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