Leases

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Leases

7. Leases

The Company's ROU assets and lease liabilities are discussed in Note 1 — Description of Business and Summary of Significant Accounting Policies.

The components of lease costs were as follows:

	Years Ended December 31,
	2025		2024		2023
Operating Lease Costs:
Fixed	$	66,752	$	61,464	$	57,409
Variable	9,346		8,890		8,243
Short-term	21,718		20,564		20,550
Total(1)	$	97,816	$	90,918	$	86,202

(1) Finance lease cost and sublease income were immaterial.

Supplemental cash flow information related to leases was as follows:

	Years Ended December 31,
	2025		2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	65,302	$	63,093	$	57,607
Operating cash flows for finance leases	479		443		318
Financing cash flows for finance leases	5,347		4,316		3,231
Total	$	71,128	$	67,852	$	61,156
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	48,143	$	49,021	$	50,997
Financing leases	3,197		4,469		3,539
Total	$	51,340	$	53,490	$	54,536

Supplemental balance sheet information related to leases was as follows:

	December 31, 2025		December 31, 2024
Operating Leases
Right-of-use assets:
Other assets and deferred charges	$	229,003	$	208,379
Lease liabilities:
Other accrued expenses	$	52,366	$	49,646
Other liabilities	194,465		174,905
Total operating lease liabilities	$	246,831	$	224,551
Finance Leases
Right-of-use assets:
Property, plant and equipment, net (1)	$	10,422	$	9,044
Lease liabilities:
Other accrued expenses	$	4,504	$	3,543
Other liabilities	5,145		5,603
Total finance lease liabilities	$	9,649	$	9,146

(1) Finance lease right-of-use assets are recorded net of accumulated depreciation of $16,924 and $12,378 for the years ended December 31, 2025 and December 31, 2024, respectively.

The aggregate future lease payments for operating and finance leases as of December 31, 2025 were as follows:

	Operating		Finance
2026	$	61,264	$	5,554
2027	51,905		3,229
2028	41,714		1,558
2029	31,026		527
2030	23,745		145
Thereafter	79,795		14
Total lease payments	289,449		11,027
Less interest	(42,618)		(1,378)
Present value of lease liabilities	$	246,831	$	9,649

Average lease terms and discount rates were as follows:

	December 31, 2025		December 31, 2024		December 31, 2023
Weighted-average remaining lease term (years)
Operating leases	7.0		6.9		7.2
Finance leases	2.5		2.7		3.0
Weighted-average discount rate
Operating leases	4.2	%	4.1	%	4.0	%
Finance leases	4.2	%	4.2	%	3.9	%

Leases

7. Leases

The Company's ROU assets and lease liabilities are discussed in Note 1 — Description of Business and Summary of Significant Accounting Policies.

The components of lease costs were as follows:

	Years Ended December 31,
	2025		2024		2023
Operating Lease Costs:
Fixed	$	66,752	$	61,464	$	57,409
Variable	9,346		8,890		8,243
Short-term	21,718		20,564		20,550
Total(1)	$	97,816	$	90,918	$	86,202

(1) Finance lease cost and sublease income were immaterial.

Supplemental cash flow information related to leases was as follows:

	Years Ended December 31,
	2025		2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	65,302	$	63,093	$	57,607
Operating cash flows for finance leases	479		443		318
Financing cash flows for finance leases	5,347		4,316		3,231
Total	$	71,128	$	67,852	$	61,156
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	48,143	$	49,021	$	50,997
Financing leases	3,197		4,469		3,539
Total	$	51,340	$	53,490	$	54,536

Supplemental balance sheet information related to leases was as follows:

	December 31, 2025		December 31, 2024
Operating Leases
Right-of-use assets:
Other assets and deferred charges	$	229,003	$	208,379
Lease liabilities:
Other accrued expenses	$	52,366	$	49,646
Other liabilities	194,465		174,905
Total operating lease liabilities	$	246,831	$	224,551
Finance Leases
Right-of-use assets:
Property, plant and equipment, net (1)	$	10,422	$	9,044
Lease liabilities:
Other accrued expenses	$	4,504	$	3,543
Other liabilities	5,145		5,603
Total finance lease liabilities	$	9,649	$	9,146

(1) Finance lease right-of-use assets are recorded net of accumulated depreciation of $16,924 and $12,378 for the years ended December 31, 2025 and December 31, 2024, respectively.

The aggregate future lease payments for operating and finance leases as of December 31, 2025 were as follows:

	Operating		Finance
2026	$	61,264	$	5,554
2027	51,905		3,229
2028	41,714		1,558
2029	31,026		527
2030	23,745		145
Thereafter	79,795		14
Total lease payments	289,449		11,027
Less interest	(42,618)		(1,378)
Present value of lease liabilities	$	246,831	$	9,649

Average lease terms and discount rates were as follows:

	December 31, 2025		December 31, 2024		December 31, 2023
Weighted-average remaining lease term (years)
Operating leases	7.0		6.9		7.2
Finance leases	2.5		2.7		3.0
Weighted-average discount rate
Operating leases	4.2	%	4.1	%	4.0	%
Finance leases	4.2	%	4.2	%	3.9	%