Leases (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Assets and Liabilities Related to both Operating and Finance Leases

The gross amounts of assets and liabilities related to both operating and finance leases are as follows:


		March 31, 2025		December 31, 2024
	Balance Sheet Caption	(In thousands)
Assets:
Operating lease right-of-use assets	Operating lease right-of-use assets	$	438,692	$	451,930
Finance lease right-of-use assets	Property and equipment, net	382		546
Total right-of-use assets		$	439,074	$	452,476


		March 31, 2025		December 31, 2024
	Balance Sheet Caption	(In thousands)
Liabilities:
Current:
Operating lease liabilities	Current operating lease liabilities	$	(90,823)	$	(88,521)
Finance lease liabilities	Accrued expenses and other current liabilities	(113)		(140)
Non-current:
Operating lease liabilities	Operating lease liabilities, non-current	(380,842)		(395,235)
Finance lease liabilities	Finance lease obligations, non-current	(241)		(382)
Total lease liabilities		$	(472,019)	$	(484,278)

Schedule of Lease Cost

The components of lease cost are as follows:


	Three Months Ended March 31,
	2025		2024
	(In thousands)
Operating lease cost	$	27,448	$	21,948
Finance lease cost
Amortization of right-of-use assets	30		131
Interest on lease liabilities	12		61
Short-term lease costs	112		118
Total	$	27,602	$	22,258

Schedule of Lease Terms and Discount Rates

Lease terms and discount rates are as follows:


	March 31, 2025		December 31, 2024
Weighted average remaining lease term (years):
Operating leases	5.19		5.41
Finance leases	3.04		3.62

Weighted average discount rate:
Operating leases	3.22	%	3.22	%
Finance leases	11.25	%	10.54	%

Schedule of Future Minimum Lease Payments

Future minimum lease payments as of March 31, 2025, including rental payments for lease renewal options the Group was reasonably certain to exercise, are as follows:


	Operating leases		Finance leases
	(In thousands)
Maturity of Lease Liabilities
Remainder of 2025	$	79,159	$	113
2026	108,807		116
2027	103,977		100
2028	93,566		68
2029	62,968		19
Thereafter	76,445		—
Total lease payments	524,922		416
Less: imputed interest	(53,257)		(62)
Present value of lease liabilities	$	471,665	$	354