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Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Lease, Cost
Net lease expense consists of the following:
Three Months Ended March 31,
20252024
Operating lease expense$9,357 $8,091 
Variable lease expense(1)
355 196 
Net lease expense$9,712 $8,287 
(1) Variable lease expense primarily consists of contingent rent.
The following tables present other relevant lease information:
March 31,
2025
Weighted average remaining lease term (years)6.3
Weighted average discount rate5.6 %
Three Months Ended March 31,
20252024
Cash paid for amounts included in the measurement of operating lease liabilities$11,447 $10,400 
Lease assets obtained in exchange for new operating lease liabilities$5,806 $13,527 
Lessee, Operating Lease, Liability, Maturity
The following table presents future lease payments:
Operating Leases(1)
2025$23,223 
202646,641 
202749,411 
202844,789 
202935,895 
Thereafter72,784 
Future minimum lease payments272,743 
Impact of discounting49,083 
Present value of lease payments$223,660 
(1)    The years 2025 and 2026 include $12.0 million and $4.0 million of expected cash inflows from tenant improvement allowances. Operating lease payments exclude $7.0 million of legally binding minimum lease payments related to executed leases for which the Company has not yet taken possession of the leased premises.