We determine whether an arrangement contains a lease at inception. We have operating leases for office space, apartments, vehicles, and machinery and equipment. Our operating leases have lease terms of less than one year to ten years. Finance leases are not considered significant to our Consolidated Balance Sheets, Consolidated Statements of Income (Loss), or Consolidated Statements of Cash Flows.

We do not separate lease components from non-lease components (e.g., common area maintenance, property taxes, and insurance) but account for both components in a contract as a single lease component.


	Year Ended December 31,
(In thousands)	2025		2024		2023
Operating	$	11,591	$	15,501	$	20,064
Variable	655		640		348
Short-term and other	105,079		107,650		85,345
Sublease income	(848)		(805)		(81)
Total lease expense	$	116,477	$	122,986	$	105,676

Supplemental balance sheet information related to our operating leases is as follows:


	As of December 31,
(In thousands)	2025		2024
Right-of-use assets (recorded in other non-current assets)	$	29,255	$	37,448

Current lease liabilities (recorded in other accrued liabilities)	$	10,784	$	10,968
Long-term lease liabilities (recorded in other non-current liabilities)	30,416		33,728
Total lease liabilities	$	41,200	$	44,696

During the year ended December 31, 2025, we recognized additional right-of-use assets of $10.2 million from newly executed operating leases.

The weighted average remaining lease term and discount rate for our operating leases as of December 31, 2025 were 4.50 years and 5.3%, respectively.

Maturities of operating lease liabilities as of December 31, 2025 were as follows:


(In thousands)	Payments due
2026	$	12,599
2027	10,749
2028	7,970
2029	6,208
2030	4,166
After 2030	4,350
Total minimum lease payments	$	46,042
Less: Imputed interest	(4,842)
Total lease liabilities	$	41,200