Leases (Tables)

6 Months Ended

Jun. 30, 2025

Leases [Abstract]

Lease, Cost

The following table provides details of our lease contracts for the three-month and six-month periods ended June 30, 2025 and 2024 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Operating lease cost	$	8,605	$	9,572	$	17,337	$	19,118
Finance lease cost:
Amortization of right of use assets	2,026		2,357		4,024		3,665
Interest on lease liabilities	1,612		1,742		3,231		3,201
Total finance lease cost	3,638		4,099		7,255		6,866
Short-term lease cost	5,833		8,786		11,999		14,804
Variable lease cost	15,283		9,215		23,699		17,012
Total lease cost	$	33,359	$	31,672	$	60,290	$	57,800

Supplemental cash flow information related to our lease contracts for the six-month periods ended June 30, 2025 and 2024 is as follows (in thousands):

	Six Months Ended June 30,
	2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	17,042	$	18,022
Operating cash flows from finance leases	3,222		6,318
Financing cash flows from finance leases	2,427		2,722
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	13,258		9,449
Finance leases	—		6,200

Supplemental Balance Sheet Information related to Leases

Supplemental balance sheet information related to our lease contracts, including the location on balance sheet, at June 30, 2025 and December 31, 2024 is as follows (in thousands, except as noted):

	June 30, 2025			December 31, 2024
Operating leases:
Other assets	$	111,265		$	118,839
Accrued expenses	28,672			32,626
Other noncurrent liabilities	94,510			99,514
Total operating lease liabilities	123,182			132,140
Finance leases:
Net property, plant and equipment	114,024			117,038
Current portion of long-term debt	5,459			5,183
Long-term debt	111,942			113,613
Total finance lease liabilities	117,401			118,796
Weighted average remaining lease term (in years):
Operating leases	13.2			12.9
Finance leases	19.9			20.4
Weighted average discount rate (%):
Operating leases	4.39		%	4.47		%
Finance leases	5.55		%	5.55		%

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities at June 30, 2025 were as follows (in thousands):

	Operating Leases		Finance Leases
Remainder of 2025	$	17,175	$	6,435
2026	24,876		11,472
2027	19,212		11,403
2028	15,446		11,265
2029	14,016		11,265
Thereafter	97,433		134,271
Total lease payments	188,158		186,111
Less imputed interest	64,976		68,710
Total	$	123,182	$	117,401

Finance Lease, Liability, Maturity

Maturities of lease liabilities at June 30, 2025 were as follows (in thousands):

	Operating Leases		Finance Leases
Remainder of 2025	$	17,175	$	6,435
2026	24,876		11,472
2027	19,212		11,403
2028	15,446		11,265
2029	14,016		11,265
Thereafter	97,433		134,271
Total lease payments	188,158		186,111
Less imputed interest	64,976		68,710
Total	$	123,182	$	117,401