v3.25.0.1
Leases
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
We have non-cancelable lease agreements for certain of our offices with original lease terms expiring between 2025 and 2042. Total operating lease costs were $101.0 million, $101.0 million, and $109.5 million for the years ended December 31, 2024, 2023, and 2022, respectively.
The weighted-average remaining lease term (in years) and discount rate related to our operating leases were as follows:
As of December 31,
20242023
Weighted-average remaining lease term9.310.0
Weighted-average discount rate6.1 %6.1 %
The maturities of our operating lease liabilities as of December 31, 2024 were as follows:
Operating Leases
(in thousands)
Year ending December 31,
2025$60,937 
202693,051 
202786,587 
202885,428 
202982,431 
Thereafter410,487 
Total lease payments818,921 
Less: imputed interest(218,954)
Present value of lease liabilities$599,967 
As of December 31, 2024, we had additional operating leases that have not yet commenced for facilities with lease obligations of $19.7 million. These operating leases will commence starting in 2025 with lease terms of approximately 10 years to 11 years.
Cash payments included in the measurement of our operating lease liabilities, net of lease incentives received, were $101.4 million, $89.8 million, and $92.2 million for the years ended December 31, 2024, 2023, and 2022, respectively.
Lease liabilities arising from obtaining operating lease right-of-use assets were $71.0 million, $220.2 million, and $147.4 million for the years ended December 31, 2024, 2023, and 2022, respectively.