Leases (Tables)

9 Months Ended

Sep. 30, 2025

Leases [Abstract]

Lease costs and sublease income

The following table presents information about lease costs and expenses and sublease income for the three and nine months ended September 30, 2025 and 2024 (in thousands). The amounts below, with the exception of interest on lease liabilities, are included in cost of net revenue in the accompanying consolidated statements of operations for the periods presented. The interest on lease liabilities is included in interest expense, net in the accompanying consolidated statements of operations for the periods presented.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Operating lease costs	$	10,935	$	10,791	$	32,893	$	33,521
Finance lease costs:
Amortization of ROU assets	$	3,846	$	3,064	$	10,942	$	7,857
Interest on lease liabilities	$	646	$	663	$	1,970	$	1,721
Other lease costs and income:
Variable leases costs (1)	$	6,593	$	6,392	$	18,853	$	18,458
Sublease income	$	52	$	101	$	287	$	638

(1)Amounts represent variable costs incurred that were not included in the initial measurement of the lease liability such as common area maintenance and utilities costs associated with leased real estate.

Weighted average remaining lease terms and weighted average discount rates

The following table provides the weighted average remaining lease terms and weighted average discount rates for the Company’s leases as of September 30, 2025 and December 31, 2024:

	September 30, 2025		December 31, 2024
Weighted average remaining lease term, weighted based on lease liability balances:
Operating leases	4.9 years		5.2 years
Finance leases	2.7 years		3.1 years
Weighted average discount rate, weighted based on remaining balance of lease payments:
Operating leases	5.0	%	4.9	%
Finance leases	6.7	%	6.9	%

Schedule of operating lease liability maturity

The following table provides the undiscounted amount of future cash flows related to the Company’s operating and finance leases, as well as a reconciliation of such undiscounted cash flows to the amounts included in the Company’s lease liabilities as of September 30, 2025 (in thousands):

	Operating Leases		Finance Leases
2025	$	8,742	$	4,654
2026	31,583		16,753
2027	24,755		13,031
2028	19,104		5,925
2029	13,102		1,179
Thereafter	23,285		—
Total future undiscounted lease payments	$	120,571	$	41,542
Less: amount representing interest	(14,805)		(3,549)
Present value of future lease payments (lease liability)	$	105,766	$	37,993

Schedule of finance lease liability maturity

The following table provides the undiscounted amount of future cash flows related to the Company’s operating and finance leases, as well as a reconciliation of such undiscounted cash flows to the amounts included in the Company’s lease liabilities as of September 30, 2025 (in thousands):

	Operating Leases		Finance Leases
2025	$	8,742	$	4,654
2026	31,583		16,753
2027	24,755		13,031
2028	19,104		5,925
2029	13,102		1,179
Thereafter	23,285		—
Total future undiscounted lease payments	$	120,571	$	41,542
Less: amount representing interest	(14,805)		(3,549)
Present value of future lease payments (lease liability)	$	105,766	$	37,993

Cash flow and supplemental non-cash information related to our lease liabilities

The following table provides certain cash flow and supplemental non-cash information related to the Company’s lease liabilities for the nine months ended September 30, 2025 and 2024, respectively (in thousands):

	Nine Months Ended September 30,
Cash paid for amounts included in the measurement of lease liabilities:	2025		2024
Operating cash payments for operating leases	$	27,747	$	31,130
Financing cash payments for finance leases	$	12,179	$	8,261
Lease liabilities arising from obtaining right-of-use assets:
Operating leases	$	21,286	$	24,604
Finance leases	$	12,648	$	15,665