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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Summary of Operating Leases, including Lease Terms, Discount Rates and Supplemental Cash Flow Information
The following table provides information on the Company’s lease costs for operating leases:
Years Ended December 31,
202420232022
(In thousands)
Lease costs:
Operating lease cost
$31,274 $26,386 $24,518 
Variable lease cost(1)
1,232 1,215 1,228 
Short-term lease cost(1)
107,421 99,964 103,075 
Total lease costs
$139,927 $127,565 $128,821 
__________________
(1)Subsequent to the filing of the audited consolidated financial statements for the year ended December 31, 2023 in the Form 10, the Company’s management determined that the Company incorrectly presented variable lease cost and short-term lease cost due to a clerical error when preparing the financial statements, including the related footnotes. The amount in the preceding table has been revised to correct the impact of this classification error for the year ended December 31, 2023. The reclassification error had no impact to results of operations, the balance sheet, or cash flows for the period described.
The following is summary information of lease terms and discount rates for operating leases as of December 31:
20242023
Weighted average remaining lease term (in years)
1.38 years1.34 years
Weighted average discount rate (in percentages)
5.50 %4.94 %
The following is a summary of other information and supplemental cash flow information related to operating leases:
Years Ended December 31,
202420232022
(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:



Operating cash flows used for operating lease liabilities
$31,156 $26,810 $24,071 
Right-of-use assets obtained in exchange for new operating lease liabilities$44,214 $43,917 $37,834 
Reconciliation of Future Undiscounted Cash Flows to Operating Lease Liabilities
The reconciliation of future undiscounted cash flows to operating lease liabilities, including current portion of operating lease liabilities, presented on the consolidated balance sheets, was as follows:
As of December 31, 2024
(In thousands)
2025$29,239 
202620,086 
202712,391 
20286,088 
20292,953 
Thereafter
3,091 
Total 73,848 
Less: discount
6,294 
Total operating lease liabilities
$67,554