LEASES (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Summary of Lease Costs Recognized Under Topic 842 and Other Information Pertaining to Operating Leases

The following table contains a summary of the lease costs recognized and other information pertaining to the Company’s operating leases for the periods indicated:

	For the Year Ended December 31,
	2024			2023
	(in thousands)
Lease cost
Operating lease cost	$	35,020		$	29,895
Variable lease cost		68,624			38,442
Total lease cost	$	103,644		$	68,337
Other information
Operating lease payments	$	33,225		$	21,608
Operating lease liabilities arising from obtaining ROU assets	$	35,361		$	80,203
Weighted-average remaining lease term	11.7 years			11.2 years
Weighted-average discount rate		8.0	%		9.1	%

Summary of Maturities of Lease Liabilities and Reconciliation of Lease Liabilities Recognized Under Topic 842

The following table summarizes maturities of lease liabilities and the reconciliation of lease liabilities as of December 31, 2024:

	For the Year Ended December 31, 2024
	(in thousands)
2025	$	31,758
2026		31,530
2027		31,556
2028		32,279
2029		25,796
Thereafter		229,353
Total minimum lease payments		382,272
Less: imputed interest and tenant incentive reimbursable by lessors		(176,526	)
Total operating lease liabilities	$	205,746
Included in the consolidated balance sheet:
Current portion of lease liabilities within other current liabilities	$	13,273
Lease liabilities, non-current		192,473
Total operating lease liabilities	$	205,746