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Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Operating Lease Costs

The components of operating lease costs were as follows (in thousands):

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Fixed lease cost (1)

 

$

16,631

 

 

$

16,966

 

 

$

20,306

 

Variable lease cost

 

 

4,655

 

 

 

4,164

 

 

 

5,130

 

Less: sublease income

 

 

(8,609

)

 

 

(8,192

)

 

 

(9,896

)

Total operating lease cost

 

$

12,677

 

 

$

12,938

 

 

$

15,540

 

 

(1)
Includes short-term leases expensed on a straight-line basis.
Schedule of Supplemental Cash Flow Information arising from Lease Transactions

The following table presents supplemental cash flow information arising from lease transactions (in thousands):

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Cash payments included in the measurement of operating lease liabilities

 

$

16,502

 

 

$

17,669

 

 

$

19,968

 

ROU assets obtained in exchange for lease obligations

 

$

11,475

 

 

$

5,975

 

 

$

11,563

 
Schedule of Weighted-average Remaining Term of Operating Leases and Weighted-average of Discount Rate of Present Value of Operating Lease Liabilities

The weighted-average remaining term of the Company’s operating leases and the weighted-average discount rate used to measure the present value of the operating lease liabilities are as follows:

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Weighted-average remaining lease term (in years)

 

 

4.4

 

 

 

2.9

 

Weighted-average discount rate

 

 

6.9

%

 

 

5.5

%
Schedule of Future Minimum Lease Payments and Related Lease Liabilities

Future minimum lease payments and related lease liabilities as of December 31, 2025 were as follows (in thousands):

 

 

Operating Lease Payments (1)

 

 

Sublease Income

 

 

Net Operating Lease Payments

 

2026

 

$

10,662

 

 

$

(1,563

)

 

$

9,099

 

2027

 

 

8,591

 

 

 

(368

)

 

 

8,223

 

2028

 

 

5,981

 

 

 

(379

)

 

 

5,602

 

2029

 

 

3,906

 

 

 

(291

)

 

 

3,615

 

2030

 

 

2,404

 

 

 

—

 

 

 

2,404

 

Thereafter

 

 

3,879

 

 

 

—

 

 

 

3,879

 

Total lease payments

 

 

35,423

 

 

$

(2,601

)

 

$

32,822

 

Less: imputed interest

 

 

(5,078

)

 

 

 

 

 

 

Present value of operating lease liabilities

 

$

30,345

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less: operating lease liabilities, current portion

 

 

(8,858

)

 

 

 

 

 

 

Noncurrent operating lease liabilities

 

$

21,487

 

 

 

 

 

 

 
(1)
Future minimum lease payments exclude short-term leases as well as payments to landlords for variable common area maintenance, insurance and real estate taxes.