Lease Obligations (Tables)

12 Months Ended

Dec. 31, 2024

Lease Obligations

Summary of lease cost

The following table presents certain information related to the costs for leases where the Company is the lessee (in thousands):

	Year Ended December 31,
	2024		2023
Operating lease cost	$	116,370	$	118,082
Finance lease cost:
Amortization of finance lease assets		11,160		3,253
Interest on finance lease liabilities		9,285		6,069
Short-term lease cost		1,839		1,940
Variable lease cost		23,874		22,913
Sublease income		(3,355)		(2,726)
Net lease costs	$	159,173	$	149,531

Schedule of cash flow supplemental information

The following table presents supplemental cash flow information related to leases (in thousands):

	Year Ended December 31,
	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	118,848	$	117,160
Operating cash flows for finance leases		9,285		6,064
Financing cash flows for finance leases		7,520		5,496
Lease assets obtained in exchange for lease liabilities:
New, remeasured and terminated operating leases	$	63,228	$	59,858
New, remeasured and terminated finance leases		30,771		20,557

Schedule of other information related to leases

	December 31,
	2024		2023
Weighted average remaining lease term:
Operating leases	11.2	years	11.3	years
Financing leases	13.7	years	17.4	years
Weighted average discount rate:
Operating leases	7.1	%	7.1	%
Financing leases	6.4	%	6.0	%

Schedule of future operating lease obligations

The following reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities in the accompanying consolidated balance sheet as of December 31, 2024 (in thousands):

	Operating		Finance
	Leases		Leases
2025	$	118,276	$	15,612
2026		117,606		15,531
2027		110,931		14,978
2028		107,374		14,598
2029		103,684		14,644
Thereafter		656,331		135,821
Total lease payments		1,214,202		211,184
Less: Imputed interest		(388,096)		(73,136)
Total lease obligations		826,106		138,048
Less: current portion		(61,993)		(7,044)
Noncurrent lease obligations	$	764,113	$	131,004

Schedule of future finance lease obligations

The following reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities in the accompanying consolidated balance sheet as of December 31, 2024 (in thousands):

	Operating		Finance
	Leases		Leases
2025	$	118,276	$	15,612
2026		117,606		15,531
2027		110,931		14,978
2028		107,374		14,598
2029		103,684		14,644
Thereafter		656,331		135,821
Total lease payments		1,214,202		211,184
Less: Imputed interest		(388,096)		(73,136)
Total lease obligations		826,106		138,048
Less: current portion		(61,993)		(7,044)
Noncurrent lease obligations	$	764,113	$	131,004