v3.25.1
Leases
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases Leases
We have non-cancelable lease agreements for certain of our offices with original lease terms expiring between 2025 and 2042. Total operating lease costs were $25.8 million and $25.4 million for the three months ended March 31, 2025 and 2024, respectively.
The weighted-average remaining lease term (in years) and discount rate related to our operating leases were as follows:
As of March 31,
20252024
Weighted-average remaining lease term9.19.8
Weighted-average discount rate6.1 %6.1 %
The maturities of our operating lease liabilities as of March 31, 2025 were as follows:
Operating Leases
(in thousands)
Remainder of 2025$34,200 
202695,421 
202790,086 
202884,804 
202985,608 
Thereafter424,728 
Total lease payments814,847 
Less: Imputed interest(216,919)
Present value of lease liabilities$597,928 
Cash payments included in the measurement of our operating lease liabilities were $26.8 million and $28.2 million for the three months ended March 31, 2025 and 2024, respectively.
Lease liabilities arising from obtaining operating lease right-of-use assets were $11.1 million and $10.8 million for the three months ended March 31, 2025 and 2024, respectively.