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Operating Leases (Tables)
3 Months Ended
Mar. 31, 2025
Lessee Disclosure [Abstract]  
Schedule of Net Lease Cost

The table below summarizes our net lease cost for the three months ended March 31, 2025 and 2024 (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Operating lease cost

 

$

27,550

 

 

$

27,512

 

Short-term lease cost

 

 

351

 

 

 

724

 

Variable lease cost

 

 

7,219

 

 

 

7,260

 

Sublease income

 

 

(79

)

 

 

(275

)

Net lease cost

 

$

35,041

 

 

$

35,221

 

The table below summarizes other information related to our operating leases as of and for the three months ended March 31, 2025 (in thousands):

Operating lease cash flows

 

$

27,716

 

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

 

$

19,987

 

Weighted-average remaining lease term (years)

 

 

12.6

 

Weighted-average discount rate

 

 

5.01

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of March 31, 2025, (in thousands, except percentages).

Remainder of 2025

 

$

76,641

 

2026

 

 

103,681

 

2027

 

 

104,531

 

2028

 

 

102,383

 

2029

 

 

99,537

 

Thereafter

 

 

696,656

 

Total undiscounted lease payments

 

 

1,183,429

 

Imputed interest

 

 

(339,120

)

Total operating lease liabilities

 

$

844,309