LEASES

3 Months Ended

Mar. 31, 2026

Leases [Abstract]

LEASES

LEASES

The Company has primarily entered into lease arrangements for office space, in addition to other miscellaneous equipment. The Company’s leases have initial non-cancelable lease terms ranging from one to 14 years. Some of the Company’s leases include an option for it to extend the term of the lease for up to 14 years.

Supplemental information related to leases is as follows (in thousands):

	March 31, 2026		December 31, 2025
Operating Leases
Operating right of use assets	$	47,900	$	36,024
Amount included within other current liabilities	6,232		5,019
Operating lease liabilities, non-current	58,848		45,855
Total operating lease liabilities	$	65,080	$	50,874
Finance Leases
Finance right of use assets	$	19,169	$	19,619
Amount included within other current liabilities	1,792		1,771
Finance lease liabilities, non-current	26,112		26,557
Total finance lease liabilities	$	27,904	$	28,328

	March 31, 2026		December 31, 2025
Weighted-average remaining lease term (in years)
Finance leases	11.0		11.2
Operating leases	10.3		10.2
Weighted-average discount rate
Finance leases	3.80	%	3.80	%
Operating leases	6.01	%	6.04	%

Maturities of lease payments, net of tenant improvement reimbursement, for leases where the lease commencement date commenced on or prior to March 31, 2026 are as follows (in thousands):

Period Ended December 31,	Operating		Finance		Total
2026(1)	$	3,473	$	2,126	$	5,599
2027	4,647		2,804		7,451
2028	10,008		2,870		12,878
2029	8,337		2,956		11,293
2030	9,094		3,045		12,139
2031	6,916		3,136		10,052
Thereafter	51,270		17,560		68,830
Total lease payments, net of tenant improvement reimbursement	$	93,745	$	34,497	$	128,242
Less imputed interest	(28,665)		(6,593)		(35,258)
Total	$	65,080	$	27,904	$	92,984

(1) For the nine months from April 1, 2026 through December 31, 2026.