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Leases
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
The components of lease expense were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)
2025202420252024
Operating lease cost(1)
$2,830 $1,890 $5,233 $3,785 
_______________
(1)    Excludes sublease income.
In June 2024, we executed a sublease of a portion of our corporate headquarters through February 2032 and recognized $4.5 million of restructuring expense related to the associated impairment of leasehold improvements and furniture and fixtures.
Sublease income, which is recorded as a reduction of rent expense, was $0.4 million and $0.8 million for the three and six months ended June 30, 2025, respectively.
Rent expense for short-term leases in the three and six months ended June 30, 2025 and 2024 was not material.
Supplemental information related to leases was as follows:
June 30, 2025December 31, 2024
Operating leases
Weighted average remaining lease term
6.1 years6.5 years
Weighted average discount rate
6.2%6.1%
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)
2025202420252024
ROU assets obtained in exchange for lease obligations
Operating leases
$359 $806 $359 $806 
Maturities of operating lease liabilities at June 30, 2025 were as follows:
(in thousands)
Year ending December 31,
2025(1)
$4,270 
202612,694 
202712,119 
202811,461 
202911,095 
Thereafter
22,567 
Total lease payments
74,206 
Less: Imputed interest
(13,009)
Total
$61,197 
_______________
(1)    Represents the six months ending December 31, 2025.
Operating lease payments in the table above do not include $0.9 million, $1.7 million, $1.8 million, $1.9 million, $1.9 million and $4.5 million of sublease payments we expect to receive in 2025, 2026, 2027, 2028, 2029 and thereafter, respectively.