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Operating Leases (Tables)
12 Months Ended
Dec. 31, 2024
Lessee Disclosure [Abstract]  
Schedule of Net Lease Cost

The table below summarizes our net lease cost for the years ended December 31, 2024 and 2023 (in thousands):

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

Operating lease cost

 

$

111,099

 

 

$

107,281

 

Short-term lease cost

 

 

2,721

 

 

 

2,164

 

Variable lease cost

 

 

28,517

 

 

 

28,623

 

Sublease income

 

 

(1,150

)

 

 

(1,111

)

Net lease cost

 

$

141,187

 

 

$

136,957

 

The table below summarizes other information related to our operating leases as of and for the year ended December 31, 2024 (in thousands):

Operating lease cash flows

 

$

104,425

 

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

 

$

88,511

 

Weighted average remaining lease term (years)

 

 

12.7

 

Weighted average discount rate

 

 

4.96

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of December 31, 2024, (in thousands, except percentages):

2025

 

$

104,345

 

2026

 

 

103,790

 

2027

 

 

104,646

 

2028

 

 

102,597

 

2029

 

 

99,832

 

Thereafter

 

 

690,582

 

Total undiscounted lease payments

 

 

1,205,792

 

Imputed interest

 

 

(338,366

)

Total operating lease liabilities

 

$

867,426