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Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Lease Costs

The following table presents the Company’s lease costs (in thousands):

 

   Three Months Ended
March 31,		 
   2026   2025 
Operating lease costs  $4,540   $4,780 
Variable lease costs   1,126    1,042 
Short-term lease costs   110    42 
Total lease costs  $5,776   $5,864 
Schedule of Operating Lease Liabilities

The table below reconciles the undiscounted cash flows for each of the first five years and total remaining years to the operating lease liabilities recorded on the unaudited condensed consolidated balance sheet at March 31, 2026 (in thousands):

 

2026 (excluding the three months ended March 31, 2026)(1)  $14,504 
2027   21,008 
2028   20,688 
2029   17,880 
2030   12,072 
Thereafter   25,297 
Total operating lease payments   111,449 
Less – lease payments representing interest   (19,550)
Present value of operating lease payments  $91,899 

 

(1) Amount consists of $14.8 million of undiscounted cash flows offset by $0.3 million of tenant improvement allowances which are expected to be fully utilized in fiscal 2026.
Schedule of Supplemental Information Related to the Company’S Unaudited Condensed Consolidated Statement of Cash Flows

The following table provides supplemental information related to the Company’s unaudited condensed consolidated statement of cash flows for the three months ended March 31, 2026 and 2025 (in thousands):

 

   Three Months Ended
March 31,		 
   2026   2025 
Cash paid for amounts included in present value of operating lease liabilities (1)  $5,503   $4,099 
Right-of-use assets obtained in exchange for operating lease liabilities   1,668    7,192 

 

(1) Operating cash flows paid for operating leases are included within the change in operating leases, net within the unaudited condensed consolidated statement of cash flows offset by non-cash ROU asset amortization and lease liability accretion.