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Leases, Codification Topic 842
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Lessee, Operating Leases [Text Block] LEASES
Supplemental information about our operating leases follows:
December 31,
(in thousands)20242023
Assets:
 Right-of-use operating lease assets$334,721 $337,554 
Liabilities:
 Current$131,415 $78,117 
 Noncurrent238,325 293,482 
Lease liabilities$369,740 $371,599 
December 31,
20242023
Lease Term and Discount Rate:
Weighted-average remaining lease term (years)6.06.9
 
 Weighted-average discount rate5.9 %5.9 %
No impairments of right-of-use operating leases were recorded in the years ended December 31, 2024 and 2023.
Operating lease cost reflects the lease expense resulting from amortization over the respective lease terms of our operating leases with initial lease terms greater than 12 months. Our short-term lease cost consists of expense for our operating leases with initial lease terms of 12 months or less that are not recorded on our balance sheet. The components of lease cost are as follows:
Year ended December 31,
(in thousands)20242023
Lease Cost:
Operating lease costOperating lease cost$134,708 $56,212 
Short-term lease costShort-term lease cost56,477 98,763 
Total Lease Cost$191,185 $154,975 
As of December 31, 2024, future maturities of lease liabilities for our operating leases with an initial lease term of more than 12 months were as follows:
(in thousands)
For the year ended December 31,
2025$149,540 
202682,286 
202736,459 
202827,084 
202925,863 
Thereafter121,531 
Total lease payments442,763 
Less: Interest(73,023)
Present Value of Operating Lease Liabilities$369,740