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LEASES
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
LEASES
10. LEASES
The Company has entered into operating leases primarily for office real estate. The leases have remaining terms ranging from less than one year to eight years and may include options to extend or terminate the lease. The depreciable life of operating lease right-of-use assets is limited by the expected lease term.
The components of lease expense are as follows (in thousands):
 Three Months EndedNine Months Ended
 September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Operating lease expense
$18,364 $16,046 $54,584 $52,426 
Variable lease expense6,944 5,765 19,026 16,518 
Sublease income(6,200)(4,871)(17,302)(7,756)
Total operating lease expense$19,108 $16,940 $56,308 $61,188 
Supplemental cash flow information related to leases is as follows (in thousands):
 Three Months EndedNine Months Ended
 September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$27,462 $24,192 $77,749 $67,914 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$53 $5,616 $7,927 $8,501 
Decrease in operating lease right-of-use assets due to impairment (See Note 17 for details)$— $11,386 $2,870 $22,618 
Supplemental balance sheet information related to leases is as follows (in thousands, except lease term and discount rate):
 As of
 September 30, 2025December 31, 2024
Operating lease right-of-use assets$272,877 $304,505
Operating lease liability, current (included in Accrued liabilities)86,379 79,221
Operating lease liability, non-current457,405 512,706
Total operating lease liability$543,784 $591,927
Weighted-average remaining term for operating leases (in years)6.37.0
Weighted-average discount rate for operating leases3.99 %3.98 %
Future lease payments under operating leases as of September 30, 2025 are as follows (in thousands):
Year Ending December 31,
Operating Leases (2)
2025 (remaining 3 months)$25,828 
2026106,592 
2027103,539 
2028100,469 
202996,850 
Thereafter186,467 
Total future lease payments619,745 
Less: imputed interest(72,702)
Less: expected tenant improvement allowance(3,259)
Total (1)
$543,784 
(1) Total lease liabilities include liabilities related to operating lease right-of-use assets which were included in the impairment charges as part of the Company’s restructuring efforts. See Note 17 for additional details.
(2) Non-cancelable sublease proceeds for the fiscal years ending December 31, 2025 (remaining three months), 2026, 2027, 2028, and 2029 of $4.5 million, $18.6 million, $18.8 million, $18.8 million, and $12.0 million, respectively, are not included in the table above.
As of September 30, 2025, the Company had approximately $1.0 million in commitments relating to operating leases that have not yet commenced.