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LEASES
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
LEASES LEASES
During the three months ended March 31, 2026 and 2025, the Company incurred operating lease expenses of $10.4 million and $8.2 million, respectively, including short-term lease expenses, which were included as a component of selling, general and administrative expenses in the unaudited condensed consolidated statements of comprehensive income. As of March 31, 2026 and December 31, 2025, the weighted-average remaining lease term was 6.4 years and 6.5 years, respectively, and the weighted-average discount rate was 6.99% and 6.97%, respectively.
Operating leases mature as follows (in thousands):
Fiscal Year Ended December 31,Minimum Payments
2026$23,534 
202726,710 
202819,903 
202915,235 
203012,133 
Thereafter42,111 
Total lease payments139,626 
Less: interest(29,275)
Present value of lease liabilities$110,351 
During the three months ended March 31, 2026 and 2025, the Company commenced new leases, extensions and amendments, resulting in non-cash operating activities in the unaudited condensed consolidated statements of cash flows of $3.7 million and $10.8 million, respectively, related to the increases in the operating lease right-of-use assets and operating lease liabilities. As of March 31, 2026, the Company did not have any significant operating or financing leases that had not yet commenced.
LEASES LEASES
During the three months ended March 31, 2026 and 2025, the Company incurred operating lease expenses of $10.4 million and $8.2 million, respectively, including short-term lease expenses, which were included as a component of selling, general and administrative expenses in the unaudited condensed consolidated statements of comprehensive income. As of March 31, 2026 and December 31, 2025, the weighted-average remaining lease term was 6.4 years and 6.5 years, respectively, and the weighted-average discount rate was 6.99% and 6.97%, respectively.
Operating leases mature as follows (in thousands):
Fiscal Year Ended December 31,Minimum Payments
2026$23,534 
202726,710 
202819,903 
202915,235 
203012,133 
Thereafter42,111 
Total lease payments139,626 
Less: interest(29,275)
Present value of lease liabilities$110,351 
During the three months ended March 31, 2026 and 2025, the Company commenced new leases, extensions and amendments, resulting in non-cash operating activities in the unaudited condensed consolidated statements of cash flows of $3.7 million and $10.8 million, respectively, related to the increases in the operating lease right-of-use assets and operating lease liabilities. As of March 31, 2026, the Company did not have any significant operating or financing leases that had not yet commenced.