Leases

3 Months Ended

Mar. 31, 2026

We have operating leases for offices, which have remaining lease terms of up to seven years.

Components of lease expense were as follows (in thousands):


	Three Months Ended March 31,
	2026		2025
Operating lease expense	$	6,860	$	7,428

Variable lease expense	1,213		1,273
Sublease income	(1,744)		(697)
Total lease expense	$	6,329	$	8,004

Supplemental balance sheet information related to leases was as follows (in thousands, except weighted-average figures):


		As of
	Classification	March 31, 2026		December 31, 2025
Operating lease assets	Other assets	$	58,257	$	62,207

Current operating lease liabilities	Accrued expenses and other	$	28,904	$	28,421
Long-term operating lease liabilities	Other long-term liabilities	54,239		60,961
Total operating lease liabilities		$	83,143	$	89,382

As of March 31, 2026 and December 31, 2025, our operating leases had a weighted-average remaining lease term of 3.6 years and 3.8 years, respectively, and a weighted-average discount rate of 5.1% and 5.0%, respectively.

As of March 31, 2026, our lease liabilities were as follows (in thousands):


	Operating Leases
Gross lease liabilities	$	90,698
Less: imputed interest	7,555
Present value of lease liabilities	$	83,143