LEASES (Tables)

3 Months Ended

Mar. 31, 2025

LEASES

Schedule of Company's Lease Cost

The Company’s lease costs for the three months ended March 31, 2025 and 2024 are as follows (in thousands):

	Three Months Ended
	March 31,
	2025		2024
Operating lease cost	$	4,913	$	4,666
Finance lease cost:
Amortization of right-of-use assets		41		48
Interest on lease liabilities		4		1
Net lease cost	$	4,958	$	4,715

Summary of Maturities of Operating Lease Liabilities

Future minimum lease payments under non-cancelable leases at March 31, 2025 are as follows (in thousands):

	Operating		Finance
	Leases		Leases
Year 1	$	11,214	$	105
Year 2		11,073		76
Year 3		10,780		67
Year 4		9,935		45
Year 5		9,628		—
Years thereafter		545,639		—
Total future minimum lease payments		598,269		293
Less amount representing interest		(463,541)		(25)
Total present value of minimum payments	$	134,728	$	268

Summary of Maturities of Finance Lease Liabilities

	Operating		Finance
	Leases		Leases
Year 1	$	11,214	$	105
Year 2		11,073		76
Year 3		10,780		67
Year 4		9,935		45
Year 5		9,628		—
Years thereafter		545,639		—
Total future minimum lease payments		598,269		293
Less amount representing interest		(463,541)		(25)
Total present value of minimum payments	$	134,728	$	268

Schedule of Remaining Lease Term and Discount Rate of Leases

Weighted-average remaining lease term:
Operating leases	41.3	years
Finance leases	3.3	years
Weighted-average discount rate:
Operating leases	7.0	%
Finance leases	5.4	%