v3.25.0.1
Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
We lease certain office space, buildings, and land with various lease terms through May 2043. Certain office leases include one or more options to renew, with renewal terms that can extend the lease term from 1 to 5 years. The exercise of lease renewal options is at our sole discretion and are assessed whether to factor as part of the lease term at lease inception. Our leases generally require us to pay a proportionate share of real estate taxes, insurance, common area maintenance, and other operating costs in addition to a base or fixed rent.
The components of lease expense recognized in the consolidated statements of operations were as follows (in thousands):
Year ended December 31,
202420232022
Operating lease cost$5,701 $5,595 $5,778 
Finance lease cost:
Amortization of right-of-use assets880 880 880 
Interest on lease obligations783 811 861 
Short-term lease cost2,985 3,008 3,045 
Variable lease cost927 971 1,189 
$11,276 $11,265 $11,753 

Supplemental cash flow information related to leases was as follows (in thousands):
Year ended December 31,
202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$6,274 $6,215 $6,876 
Finance cash flows from finance leases532 505 1,575 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$4,192 $3,563 $1,816 
Finance leases— — — 
Other supplemental information related to leases was as follows:
As of December 31,
202420232022
Weighted Average Remaining Lease Term (in years)
Operating leases4.95.05.4
Finance leases18.419.420.4
Weighted Average Discount Rate
Operating leases5.9 %5.7 %5.4 %
Finance leases5.5 %5.5 %5.5 %
As of December 31, 2024, the aggregate annual lease obligations were as follows (in thousands):
Operating LeasesFinance Leases
2025$5,577 $1,315 
20263,633 1,315 
20272,323 1,315 
20282,126 1,315 
2029976 1,315 
Thereafter2,088 14,715 
Total lease obligations16,723 21,290 
Less: Amount representing interest(2,386)(7,240)
Net lease obligations$14,337 $14,050 
Leases Leases
We lease certain office space, buildings, and land with various lease terms through May 2043. Certain office leases include one or more options to renew, with renewal terms that can extend the lease term from 1 to 5 years. The exercise of lease renewal options is at our sole discretion and are assessed whether to factor as part of the lease term at lease inception. Our leases generally require us to pay a proportionate share of real estate taxes, insurance, common area maintenance, and other operating costs in addition to a base or fixed rent.
The components of lease expense recognized in the consolidated statements of operations were as follows (in thousands):
Year ended December 31,
202420232022
Operating lease cost$5,701 $5,595 $5,778 
Finance lease cost:
Amortization of right-of-use assets880 880 880 
Interest on lease obligations783 811 861 
Short-term lease cost2,985 3,008 3,045 
Variable lease cost927 971 1,189 
$11,276 $11,265 $11,753 

Supplemental cash flow information related to leases was as follows (in thousands):
Year ended December 31,
202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$6,274 $6,215 $6,876 
Finance cash flows from finance leases532 505 1,575 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$4,192 $3,563 $1,816 
Finance leases— — — 
Other supplemental information related to leases was as follows:
As of December 31,
202420232022
Weighted Average Remaining Lease Term (in years)
Operating leases4.95.05.4
Finance leases18.419.420.4
Weighted Average Discount Rate
Operating leases5.9 %5.7 %5.4 %
Finance leases5.5 %5.5 %5.5 %
As of December 31, 2024, the aggregate annual lease obligations were as follows (in thousands):
Operating LeasesFinance Leases
2025$5,577 $1,315 
20263,633 1,315 
20272,323 1,315 
20282,126 1,315 
2029976 1,315 
Thereafter2,088 14,715 
Total lease obligations16,723 21,290 
Less: Amount representing interest(2,386)(7,240)
Net lease obligations$14,337 $14,050