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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Components of Lease Expense
The components of lease expense were as follows:
Year Ended December 31,
(In thousands)Classification20242023
Operating lease cost
Operating lease costOperating and SG&A expenses$20,486 $50,118 
Variable lease costOperating and SG&A expenses14,861 12,612 
Short-term lease costOperating and SG&A expenses5,473 8,649 
Total operating lease cost$40,820 $71,379 
Finance lease cost
Amortization of leased assetsDepreciation and amortization$1,562 $475 
Interest on lease liabilitiesInterest expense, net287 89 
Total finance lease cost$1,849 $564 
Schedule of Supplemental Cash Flow Information Related to Leases
Supplemental cash flow information related to leases was as follows:
Year Ended December 31,
(In thousands)20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used under operating lease agreements$22,507 $50,605 
Operating cash flows used under finance lease agreements191 87 
Financing cash flows used under finance lease agreements1,283 527 
Schedule of Supplemental Balance Sheet Information Related to Leases
Supplemental balance sheet information related to leases was as follows:
December 31,
(In thousands)20242023
Operating leases
Operating lease right-of-use assets, gross (1)
$92,784 $92,481 
Accumulated amortization (1)
(14,317)(13,085)
Operating lease right-of-use assets, net$78,467 $79,396 
Current portion of operating leases (1)
$15,128 $13,745 
Non-current operating leases(1)
78,328 81,325 
Total operating lease liabilities$93,456 $95,070 
Finance leases
Property and equipment, gross$8,954 $5,719 
Accumulated depreciation(4,932)(3,594)
Property and equipment, net$4,022 $2,125 
Current portion of finance leases$1,308 $158 
Non-current finance leases2,335 1,533 
Total finance lease liabilities$3,643 $1,691 
(1)The Company made a short-term lease accounting policy election and does not recognize ROU assets or liabilities for operating leases with terms of 12 months or less.
Schedule of Additional Information Related to Leases
The following presents additional information related to the Company’s leases as of December 31, 2024:
December 31,
20242023
Weighted average remaining lease term
Operating leases8.9 years7.3 years
Finance leases3.6 years23.5 years
Weighted average discount rate
Operating leases6.4 %6.3 %
Finance leases3.9 %6.8 %
Schedule of Maturities of Lease Liabilities
As of December 31, 2024, maturities of lease liabilities were as follows:
(In thousands)Operating LeasesFinance LeasesTotal
2025$20,530 $1,420 $21,950 
202618,792 1,420 20,212 
202715,764 283 16,047 
202812,994 182 13,176 
20299,615 182 9,797 
Thereafter47,765 394 48,159 
Total lease payments125,460 3,881 129,341 
Amount of interest(32,004)(238)(32,242)
Present value of lease liabilities$93,456 $3,643 $97,099 
Schedule of Minimum and Contingent Operating Lease Income
Minimum and contingent operating lease income was as follows:
Year Ended December 31,
(In thousands)202420232022
Minimum rental income$8,014 $8,234 $7,380 
Contingent rental income2,810 3,298 4,071 
Total rental income$10,824 $11,532 $11,451 
Schedule of Future Minimum Rental Payments to be Received Under Operating Leases
Future minimum rent payments to be received under operating leases are as follows (in thousands):
Year Ending December 31,Amount
2025$5,250 
20264,265 
20271,504 
20281,000 
2029862 
Thereafter1,361 
Total future minimum rent payments$14,242