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Operating Leases (Tables)
6 Months Ended
Jun. 30, 2025
Lessee Disclosure [Abstract]  
Schedule of Net Lease Cost

The tables below summarize our net lease cost for the three and six months ended June 30, 2025 and 2024 (in thousands):

 

 

Three Months Ended June 30,

 

 

 

2025

 

 

2024

 

Operating lease cost

 

$

28,587

 

 

$

27,680

 

Short-term lease cost

 

 

462

 

 

 

654

 

Variable lease cost

 

 

7,532

 

 

 

6,752

 

Sublease income

 

 

(241

)

 

 

(274

)

Net lease cost

 

$

36,340

 

 

$

34,812

 

 

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

Operating lease cost

 

$

56,137

 

 

$

55,192

 

Short-term lease cost

 

 

813

 

 

 

1,378

 

Variable lease cost

 

 

14,751

 

 

 

14,012

 

Sublease income

 

 

(320

)

 

 

(549

)

Net lease cost

 

$

71,381

 

 

$

70,033

 

The table below summarizes other information related to our operating leases as of and for the six months ended June 30, 2025 (in thousands):

Operating lease cash flows

 

$

55,605

 

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

 

$

64,702

 

Weighted-average remaining lease term (years)

 

 

12.5

 

Weighted-average discount rate

 

 

5.04

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of June 30, 2025, (in thousands, except percentages).

Remainder of 2025

 

$

52,516

 

2026

 

 

109,316

 

2027

 

 

109,761

 

2028

 

 

107,418

 

2029

 

 

104,789

 

Thereafter

 

 

742,139

 

Total undiscounted lease payments

 

 

1,225,939

 

Imputed interest

 

 

(349,067

)

Total operating lease liabilities

 

$

876,872