Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases

Schedule of lease cost and other information

A summary of the Company’s lease cost is as follows (in thousands, except for weighted-averages):

	Year Ended December 31,
	2024			2023			2022
Lease Cost
Operating lease cost (a)(b)	$	9,682		$	10,833		$	11,377
Sublease income (a)		(2,798)			(2,555)			(2,159)
Short-term lease cost (c)		7,383			8,882			10,023
Total lease cost	$	14,267		$	17,160		$	19,241
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases		10,028			9,819			9,406
Weighted-average remaining lease term in years - operating leases		3.4			4.4			5.3
Weighted-average discount rate - operating leases		6.3	%		6.3	%		6.2	%

(a) All the Company’s material leases are classified as operating leases.

(b) Includes approximately $2.7 million, $3.5 million and $3.6 million of taxes, insurance and maintenance for the years ended December 31, 2024, 2023, and 2022 respectively.

(c) Includes expenses associated with short-term leases of billboard advertisements and is included in “Marketing Funds expenses” on the Consolidated Statements of Income (Loss) for the years ended December 31, 2024, 2023 and 2022.

Schedule of maturities of lease liabilities under non-cancellable leases

Maturities under non-cancellable leases were as follows (in thousands):

	Rent Payments		Sublease Receipts		Total Cash Outflows
Year ending December 31:
2025	$	10,278		(1,764)	$	8,514
2026		10,373		(1,674)		8,699
2027		10,397		(1,707)		8,690
2028		3,204		(574)		2,630
2029		232		—		232
Thereafter		314		—		314
Total lease payments	$	34,798	$	(5,719)	$	29,079
Less: imputed interest		3,573
Present value of lease liabilities	$	31,225