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Leases (Tables) | 3 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Schedule of Components of Lease Expense | The following table presents components of lease expense for the three months ended March 31, 2025 and 2024:
| Three Months Ended March 31, |  |
(in thousands) | 2025 | 2024 |  |  |
Operating lease expense | $ | 3,160 |  | $ | 3,320 |  |  |  |
Short-term lease expense(a) | 13,485 |  | 12,323 |  |  |  |
| 16,645 |  | 15,643 |  |  |  |
Less: Sublease income | 294 |  | 199 |  |  |  |
Total lease expense | $ | 16,351 |  | $ | 15,444 |  |  |  |
____________________________________________________________________________________________________ (a)Short-term lease expense includes all leases with lease terms of up to one year. Short-term leases include, among other things, construction equipment rented on an as-needed basis as well as temporary housing.
Schedule of Supplemental Financial Statement Information Related to Leases | The following table presents supplemental balance sheet information related to operating leases:
(dollars in thousands) | Balance Sheet Line Item | As of March 31, 2025 | As of December 31, 2024
Assets |  |  |
Right-of-use assets | Other assets | $ | 44,230 |  | $ | 41,695 |
Total lease assets |  | $ | 44,230 |  | $ | 41,695 |
Liabilities |  |  |
Current lease liabilities | Accrued expenses and other current liabilities | $ | 7,636 |  | $ | 7,066 |
Long-term lease liabilities | Other long-term liabilities | 40,849 |  | 38,630 |
Total lease liabilities |  | $ | 48,485 |  | $ | 45,696 |
Weighted-average remaining lease term |  | 7.6 years | 8.0 years
Weighted-average discount rate |  | 9.54 | % | 9.73 | %
The following table presents supplemental cash flow information and non-cash activity related to operating leases:
| Three Months Ended March 31,
(in thousands) | 2025 | 2024
Operating cash flow information: |  |
Cash paid for amounts included in the measurement of lease liabilities | $ | (2,912) |  | $ | (3,168) |
Non-cash activity: |  |
Right-of-use assets obtained in exchange for lease liabilities | $ | 4,581 |  | $ | 4,154 |
Schedule of Maturity of Operating Lease Liabilities on an Undiscounted Basis | The following table presents maturities of operating lease liabilities on an undiscounted basis as of March 31, 2025:
Year (in thousands) | Operating Leases
2025 (excluding the three months ended March 31, 2025) | $ | 8,846 |
2026 | 10,347 |
2027 | 8,820 |
2028 | 8,420 |
2029 | 7,625 |
Thereafter | 25,660 |
Total lease payments | 69,718 |
Less: Imputed interest | 21,233 |
Total | $ | 48,485 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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