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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Components of Lease Cost
The components of lease costs were as follows for the years ended December 31, 2022, 2023, and 2024 (in thousands)
 202220232024
Lease Cost:
Operating lease cost(1)
$28,404 $29,897 $19,012 
Short-term lease cost641 360 429 
Sublease income(1,135)(906)(389)
Total lease costs$27,910 $29,351 $19,052 
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(1)During the years ended December 31, 2022, 2023, and 2024, operating lease cost includes $1.2 million, $5.1 million, and $0.7 million of right-of-use lease asset impairment charges, respectively, related to redundant leased space that was vacated during the year. During the years ended December 31, 2022, 2023 and 2024, operating lease cost includes $1.2 million, $0.1 million, and $6.2 million, respectively, of net benefits related to the early termination and related extinguishment of lease liabilities.
The following table provides a summary of the Company’s average lease term and discount rate as of December 31, 2023 and 2024:
As of December 31, 2023As of December 31, 2024
Weighted average remaining lease term (years)6.66.8
Weighted average discount rate4.27 %4.88 %
Supplemental information related to the Company’s leases for the years ended December 31, 2022, 2023, and 2024 (in thousands):
Year ended December 31, 2022Year ended December 31, 2023Year ended December 31, 2024
Cash paid for amounts included in the measurement of lease liabilities$35,138 $30,742 $30,348 
Right-of-use assets obtained in exchange for operating lease liabilities$4,674 $17,921 $10,299 
Schedule of Maturities of Lease Liabilities
Maturities of lease liabilities (in thousands):
Year Ending December 31,
2025$27,743 
202621,435 
202720,032 
202817,838 
202915,782 
Thereafter46,338 
Total lease payments149,168 
Less: interest(23,942)
Present value of lease liabilities$125,226