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Operating Leases (Tables)
12 Months Ended
Dec. 31, 2023
Lessee Disclosure [Abstract]  
Schedule of Net Lease Cost

The table below summarizes our net lease cost for the years ended December 31, 2023 and 2022 (in thousands):

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

Operating lease cost

 

$

107,281

 

 

$

107,963

 

Short-term lease cost

 

 

2,164

 

 

 

1,385

 

Variable lease cost

 

 

28,623

 

 

 

23,106

 

Sublease income

 

 

(1,111

)

 

 

(2,303

)

Net lease cost

 

$

136,957

 

 

$

130,151

 

The table below summarizes other information related to our operating leases as of and for the year ended December 31, 2023 (in thousands):

Operating lease cash flows

 

$

111,295

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

91,925

 

Weighted average remaining lease term (years)

 

 

12.6

 

Weighted average discount rate

 

 

5.03

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of December 31, 2023, (in thousands, except percentages):

2024

 

$

105,502

 

2025

 

 

99,994

 

2026

 

 

100,545

 

2027

 

 

100,148

 

2028

 

 

97,335

 

Thereafter

 

 

651,330

 

Total undiscounted lease payments

 

 

1,154,854

 

Imputed interest

 

 

(329,325

)

Total operating lease liabilities

 

$

825,529