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Leases | 12 Months Ended
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Dec. 31, 2025
Leases [Abstract] |
Leases | Leases We have operating leases for office space, data centers and certain equipment. Our operating leases have lease terms of 1 year to 30 years, some of which may include options to extend the leases for up to 5 years, and some of which may include options to terminate the leases within 1 year. We also have a finance lease for office space that has a remaining lease term of 33 years. Operating lease costs recognized in our Consolidated Statements of Operations totaled $24.1 million, $22.8 million and $24.5 million in 2025, 2024 and 2023, respectively, including short-term lease costs of $6.5 million, $6.4 million and $3.5 million, respectively. Amortization of the right-of-use asset for our finance leases totaled $0.8 million for the years ended December 31, 2025, 2024 and 2023. Interest expense on the finance leases liability totaled $2.2 million for the years ended December 31, 2025 and 2024 and $2.1 million for the year ended December 31, 2023. Other information related to our leases was as follows:
|  | As of December 31,
(in thousands, except lease term and discount rate) |  | 2025 |  | 2024
Balance Sheet Information |  |  |  |
Operating Leases |  |  |  |
Right-of-use assets |  | $ | 95,975 |  |  | $ | 90,136 |
Other current liabilities |  | 18,974 |  |  | 18,087 |
Operating lease liabilities |  | 85,885 |  |  | 79,399 |
Finance Leases |  |  |  |
Property and equipment, at cost |  | 28,321 |  |  | 28,321 |
Accumulated depreciation |  | (2,454) |  |  | (1,658) |
Property and equipment, net |  | 25,867 |  |  | 26,663 |
Other liabilities |  | 31,462 |  |  | 31,021 |
Weighted Average Remaining Lease Term |  |  |  |
Operating leases |  | 10.20 years |  | 7.37 years
Finance leases |  | 32.50 years |  | 33.50 years
Weighted Average Discount Rate |  |  |  |
Operating leases |  | 5.78 | % |  | 5.01 | %
Finance leases |  | 7.10 | % |  | 7.10 | %
|  | For the years ended December 31,
(in thousands) |  | 2025 |  | 2024 |  | 2023
Supplemental Cash Flows Information |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 23,083 |  |  | $ | 22,014 |  |  | $ | 24,114 |
Operating cash flows from finance leases |  | 1,776 |  |  | 1,302 |  |  | 426 |
Financing cash flows from finance leases |  | — |  |  | — |  |  | — |
Right-of-use assets obtained in exchange for operating lease obligations |  | 30,315 |  |  | 13,486 |  |  | 6,789 |
Right-of-use assets obtained in exchange for finance lease obligations |  | — |  |  | — |  |  | — |
Future minimum lease payments under non-cancellable leases as of December 31, 2025 were as follows:
(in thousands) |  | Operating Leases |  | Finance Leases
2026 |  | $ | 25,315 |  |  | $ | 1,824 |
2027 |  | 21,618 |  |  | 1,875 |
2028 |  | 16,291 |  |  | 1,926 |
2029 |  | 13,910 |  |  | 1,979 |
2030 |  | 7,553 |  |  | 2,034 |
Thereafter |  | 63,447 |  |  | 86,111 |
Total future minimum lease payments |  | 148,134 |  |  | 95,749 |
Less: Imputed interest |  | (43,275) |  |  | (64,287) |
Total |  | $ | 104,859 |  |  | $ | 31,462 |
Leases | Leases We have operating leases for office space, data centers and certain equipment. Our operating leases have lease terms of 1 year to 30 years, some of which may include options to extend the leases for up to 5 years, and some of which may include options to terminate the leases within 1 year. We also have a finance lease for office space that has a remaining lease term of 33 years. Operating lease costs recognized in our Consolidated Statements of Operations totaled $24.1 million, $22.8 million and $24.5 million in 2025, 2024 and 2023, respectively, including short-term lease costs of $6.5 million, $6.4 million and $3.5 million, respectively. Amortization of the right-of-use asset for our finance leases totaled $0.8 million for the years ended December 31, 2025, 2024 and 2023. Interest expense on the finance leases liability totaled $2.2 million for the years ended December 31, 2025 and 2024 and $2.1 million for the year ended December 31, 2023. Other information related to our leases was as follows:
|  | As of December 31,
(in thousands, except lease term and discount rate) |  | 2025 |  | 2024
Balance Sheet Information |  |  |  |
Operating Leases |  |  |  |
Right-of-use assets |  | $ | 95,975 |  |  | $ | 90,136 |
Other current liabilities |  | 18,974 |  |  | 18,087 |
Operating lease liabilities |  | 85,885 |  |  | 79,399 |
Finance Leases |  |  |  |
Property and equipment, at cost |  | 28,321 |  |  | 28,321 |
Accumulated depreciation |  | (2,454) |  |  | (1,658) |
Property and equipment, net |  | 25,867 |  |  | 26,663 |
Other liabilities |  | 31,462 |  |  | 31,021 |
Weighted Average Remaining Lease Term |  |  |  |
Operating leases |  | 10.20 years |  | 7.37 years
Finance leases |  | 32.50 years |  | 33.50 years
Weighted Average Discount Rate |  |  |  |
Operating leases |  | 5.78 | % |  | 5.01 | %
Finance leases |  | 7.10 | % |  | 7.10 | %
|  | For the years ended December 31,
(in thousands) |  | 2025 |  | 2024 |  | 2023
Supplemental Cash Flows Information |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 23,083 |  |  | $ | 22,014 |  |  | $ | 24,114 |
Operating cash flows from finance leases |  | 1,776 |  |  | 1,302 |  |  | 426 |
Financing cash flows from finance leases |  | — |  |  | — |  |  | — |
Right-of-use assets obtained in exchange for operating lease obligations |  | 30,315 |  |  | 13,486 |  |  | 6,789 |
Right-of-use assets obtained in exchange for finance lease obligations |  | — |  |  | — |  |  | — |
Future minimum lease payments under non-cancellable leases as of December 31, 2025 were as follows:
(in thousands) |  | Operating Leases |  | Finance Leases
2026 |  | $ | 25,315 |  |  | $ | 1,824 |
2027 |  | 21,618 |  |  | 1,875 |
2028 |  | 16,291 |  |  | 1,926 |
2029 |  | 13,910 |  |  | 1,979 |
2030 |  | 7,553 |  |  | 2,034 |
Thereafter |  | 63,447 |  |  | 86,111 |
Total future minimum lease payments |  | 148,134 |  |  | 95,749 |
Less: Imputed interest |  | (43,275) |  |  | (64,287) |
Total |  | $ | 104,859 |  |  | $ | 31,462 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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