Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.25.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Summary of Operating Lease Cost and Other Information

Operating lease cost and other information:

 

 

 

Year Ended December 31,

 

(in thousands)

 

2024

 

 

2023

 

 

2022

 

Fixed lease cost

 

$

409,936

 

 

$

361,894

 

 

$

307,265

 

Variable lease cost

 

 

11,059

 

 

 

11,424

 

 

 

10,803

 

Operating cash flows used for leases

 

 

411,617

 

 

 

359,727

 

 

 

303,721

 

Weighted-average remaining lease term

 

6.44 years

 

 

5.43 years

 

 

5.52 years

 

Weighted-average discount rate

 

 

4.59

%

 

 

4.16

%

 

 

3.12

%

 

Summary of Minimum Future Lease Payments

The following table presents future lease payments as of December 31, 2024:

 

Year (in thousands)

 

Operating Leases

 

2025

 

$

356,293

 

2026

 

 

303,656

 

2027

 

 

254,437

 

2028

 

 

200,624

 

2029

 

 

164,496

 

Thereafter

 

 

446,351

 

Total lease payments

 

 

1,725,857

 

      Less: Imputed interest

 

 

(251,641

)

Operating lease liabilities

 

$

1,474,216