v3.25.3
Leases (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Composition of Operating Lease Expense
The following table details the composition of operating lease expense (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Operating lease expense$15,735 $18,076 $47,891 $56,634 
Variable lease expense191 225 924 726 
Total lease expense$15,926 $18,301 $48,815 $57,360 
The following table presents additional information about the operating lease obligations:
September 30,
2025
December 31,
2024
Weighted-average remaining lease term (in years)4.75.1
Weighted-average discount rate9.16%9.14%
Schedule of Maturities of Operating Lease Liabilities
The maturities of the operating lease liabilities as of September 30, 2025 are as follows (in thousands):
Fiscal Year EndingOperating Leases
Remainder of 2025$16,525 
202655,487 
202737,102 
202825,234 
202916,349 
2030 and thereafter38,666 
Total minimum lease payments 189,363 
Less: interest expense32,829 
Present value of lease obligations 156,534 
Less: current lease obligations50,053 
Long-term lease obligations $106,481