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Operating Leases (Tables)
6 Months Ended
Jun. 30, 2024
Lessee Disclosure [Abstract]  
Schedule of Net Lease Cost

The table below summarizes our net lease cost for the three and six months ended June 30, 2024 and 2023 (in thousands):

 

 

Three Months Ended June 30,

 

 

 

2024

 

 

2023

 

Operating lease cost

 

$

27,680

 

 

$

26,349

 

Short-term lease cost

 

 

654

 

 

 

385

 

Variable lease cost

 

 

6,752

 

 

 

6,990

 

Sublease income

 

 

(274

)

 

 

(273

)

Net lease cost

 

$

34,812

 

 

$

33,451

 

 

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

Operating lease cost

 

$

55,192

 

 

$

52,778

 

Short-term lease cost

 

 

1,378

 

 

 

715

 

Variable lease cost

 

 

14,012

 

 

 

13,945

 

Sublease income

 

 

(549

)

 

 

(562

)

Net lease cost

 

$

70,033

 

 

$

66,876

 

The table below summarizes other information related to our operating leases as of and for the six months ended June 30, 2024 (in thousands):

Operating lease cash flows

 

$

48,396

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

77,719

 

Weighted-average remaining lease term (years)

 

 

12.7

 

Weighted-average discount rate

 

 

4.93

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of June 30, 2024, (in thousands, except percentages).

Remainder of 2024

 

$

52,385

 

2025

 

 

104,083

 

2026

 

 

104,910

 

2027

 

 

105,482

 

2028

 

 

103,283

 

Thereafter

 

 

753,116

 

Total undiscounted lease payments

 

 

1,223,259

 

Imputed interest

 

 

(345,410

)

Total operating lease liabilities

 

$

877,849

 

Schedule of Future Minimum Future Payments Under Non-Cancelable Leases

As of June 30, 2024, minimum future payments under non-cancelable leases were (in thousands):

Remainder of 2024

 

$

10,754

 

2025

 

 

13,648

 

2026

 

 

9,701

 

2027

 

 

5,210

 

2028

 

 

2,670

 

Thereafter

 

 

9,335

 

 

 

$

51,318