Quarterly report [Sections 13 or 15(d)]

Leases

v3.25.1
Leases
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases Leases
The Company has operating leases with various terms through September 2038, primarily for office space and office
equipment. The following table provides additional information about the Company’s leases:
Three Months Ended March 31,
2025
2024
Lease costs
Operating lease costs
$8,305
$7,878
Short-term lease costs
Operating lease costs
506
245
Sublease income
(108)
(148)
Lease costs – net
$8,703
$7,975
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases
$9,689
$8,031
Non-cash related activities
Right-of-use assets obtained in exchange for new operating lease liabilities
4,135
4,007
Amortization of right-of-use assets for operating lease activity
5,903
5,708
Weighted average discount rate (percent)
Operating leases
5.4 %
5.2 %
Weighted average remaining lease term (years)
Operating leases
7.4
8.0