Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Lease, Cost

The components of lease expense were as follows (in thousands):

	Year Ended December 31,
	2023		2022		2021
Operating lease expense	$	139,482	$	90,933	$	53,442
Variable and short-term lease expense	$	31,655	$	11,586	$	3,860

Schedule of Non-cancelable Operating Leases

The following table presents future lease payments under the Company’s non-cancellable operating leases as of December 31, 2023 (in thousands):

Year ending December 31,
2024	$	97,524
2025	146,863
2026	133,076
2027	112,626
2028	96,542
Thereafter	421,443
Total lease payments	$	1,008,074
Less: imputed interest (1)	(250,275)
Present value of lease liabilities	$	757,799

(1)Calculated using each lease’s incremental borrowing rate.

Schedule of Supplemental Information

The following table presents the weighted average remaining lease term and discount rates as of December 31, 2023, and December 31, 2022:

	As of December 31,
	2023		2022
Weighted average remaining lease term (years)	7.9		7.8
Weighted average discount rate	6.3	%	5.5	%

Supplemental cash and noncash information related to operating leases is as follows (in thousands):

	Year ended December 31,
	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities(1)	$	105,337	$	70,515	$	52,942
Lease liabilities arising from obtaining new right-of-use assets (noncash)	$	256,500	$	373,844	$	70,068

(1)The years ended December 31, 2023, 2022, and 2021 excludes $16.6 million, $1.8 million, and $9.1 million, respectively, of leasehold incentives received from the landlord.