Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lease, Cost

The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s operating and finance leases for the years ended December 31, 2023 and 2022 (in thousands):

	For the year ended December 31,
	2023			2022
				(As Restated)
Finance leases
Interest expense	$	16,350		$	6,324
Amortization expense	24,653			3,886
Total fixed finance lease cost	$	41,003		$	10,210
Operating leases
Fixed lease cost	43,272			36,122
Total fixed operating lease cost	43,272			36,122
Variable lease cost	22,960			28,161
Short-term lease cost	238			143
Total lease cost	$	107,473		$	74,636
Operating sublease income	$	41,165		$	29,369
Cash paid in the measurement of lease liabilities
Operating cash flows used for operating leases	$	28,887		$	14,072
Operating cash flows used for finance leases	12,924			1,551
Financing cash flows for finance leases	54,367			36,734
Other information
Weighted average remaining lease term - finance leases (in years)	1.6 years			2.4 years
Weighted average discount rate - finance leases	13.93		%	12.52		%
Weighted average remaining lease term - operating leases (in years)	7.0 years			7.8 years
Weighted average discount rate - operating leases	7.01		%	7.05		%

Future Minimum Commitments

As of December 31, 2023, future minimum commitments under ASC 842 under the Company’s leases were as follows (in thousands):

	Operating Leases		Financing Leases
Remaining Lease Payments
2024	34,918		93,531
2025	37,084		34,995
2026	35,719		2,519
2027	36,742		2,519
2028	37,795		1,031
2029 and thereafter	81,986		—
Total	264,244		134,595
Less: Imputed Interest	(56,355)		(12,158)
Present Value of Lease Liabilities	$	207,889	$	122,437

Future Minimum Commitments

As of December 31, 2023, future minimum commitments under ASC 842 under the Company’s leases were as follows (in thousands):

	Operating Leases		Financing Leases
Remaining Lease Payments
2024	34,918		93,531
2025	37,084		34,995
2026	35,719		2,519
2027	36,742		2,519
2028	37,795		1,031
2029 and thereafter	81,986		—
Total	264,244		134,595
Less: Imputed Interest	(56,355)		(12,158)
Present Value of Lease Liabilities	$	207,889	$	122,437