| Schedule of Operating Lease Maturities |
As of December 31, 2024, the future lease payments for operating and finance lease liabilities were as follows: | | | | | | | | | | | | | (in thousands) | Operating Leases | | Finance Leases | | 2025 | $ | 73,817 | | | $ | 32,006 | | | 2026 | 66,773 | | | 30,488 | | | 2027 | 54,144 | | | 27,253 | | | 2028 | 41,901 | | | 29,735 | | | 2029 | 25,572 | | | 21,858 | | | Thereafter | 49,285 | | | 25,306 | | | Total lease payments | 311,492 | | | 166,646 | | | Less: interest | (44,239) | | | (22,858) | | | Present value of lease liabilities | $ | 267,253 | | | $ | 143,788 | |
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| Schedule of Finance Lease Maturities |
As of December 31, 2024, the future lease payments for operating and finance lease liabilities were as follows: | | | | | | | | | | | | | (in thousands) | Operating Leases | | Finance Leases | | 2025 | $ | 73,817 | | | $ | 32,006 | | | 2026 | 66,773 | | | 30,488 | | | 2027 | 54,144 | | | 27,253 | | | 2028 | 41,901 | | | 29,735 | | | 2029 | 25,572 | | | 21,858 | | | Thereafter | 49,285 | | | 25,306 | | | Total lease payments | 311,492 | | | 166,646 | | | Less: interest | (44,239) | | | (22,858) | | | Present value of lease liabilities | $ | 267,253 | | | $ | 143,788 | |
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| Schedule of Lease Activity |
The Company’s lease activity during the years ended December 31, 2024, 2023, and 2022 was as follows: | | | | | | | | | | | | | | | | | | | Years Ended December 31, | Components of lease expense (in thousands) | 2024 | | 2023 | | 2022 | | Finance Lease Expense | | | | | | | Amortization of finance lease assets | $ | 14,159 | | | $ | 16,945 | | | $ | 13,900 | | | Interest on obligations under finance leases | 6,350 | | | 3,777 | | | 1,899 | | | Total finance lease expense | $ | 20,509 | | | $ | 20,722 | | | $ | 15,799 | | | | | | | | | Operating Lease Expense | | | | | | | Fixed lease expense | | | | | | | Cost of leasing and services | $ | 1,101 | | | $ | 1,396 | | | $ | 2,797 | | | Selling, general and administrative | 80,199 | | | 67,374 | | | 60,017 | | | | | | | | | Short-term lease expense | | | | | | | Cost of leasing and services | 28,758 | | | 26,010 | | | 32,947 | | | Selling, general and administrative | 2,071 | | | 1,789 | | | 1,792 | | | | | | | | | Variable lease expense | | | | | | | Cost of leasing and services | 762 | | | 2,109 | | | 5,388 | | | Selling, general and administrative | 10,925 | | | 8,380 | | | 7,289 | | | | | | | | | Total operating lease expense | $ | 123,816 | | | $ | 107,058 | | | $ | 110,230 | |
Supplemental cash flow information related to leases for the years ended December 31, 2024, 2023, and 2022 was as follows: | | | | | | | | | | | | | | | | | | | Years Ended December 31, | Supplemental Cash Flow Information (in thousands) | 2024 | | 2023 | | 2022 | | Cash paid for the amounts included in the measurement of lease liabilities: | | | | | | | Operating cash outflows from operating leases | $ | 81,046 | | | $ | 68,889 | | | $ | 61,418 | | | Operating cash outflows from finance leases | $ | 6,087 | | | $ | 3,715 | | | $ | 1,895 | | | Financing cash outflows from finance leases | $ | 19,429 | | | $ | 16,510 | | | $ | 15,159 | | | | | | | | | Right of use assets obtained in exchange for lease obligations | $ | 92,343 | | | $ | 95,897 | | | $ | 55,005 | | | Assets obtained in exchange for finance leases | $ | 46,253 | | | $ | 58,737 | | | $ | 29,803 | |
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