v3.25.1
Leases
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases
Note 10. Leases
The Company leases real estate from unrelated parties under operating lease agreements that have initial terms ranging from one year to 9 years. Some leases include one or more options to renew, generally at our sole discretion, of five additional years each.
The components of lease expense are as follows:

Three months ended
March 31,
20252024
(in thousands)
Operating lease cost$854 $1,169 
Variable lease cost506 448 
Short-term lease cost77 106 
Total lease cost$1,437 $1,723 
The Company ceased use of certain leased premises and subleased certain facilities resulting in impairment charges of $0.4 million during the three months ended March 31, 2024 to impair the right-of-use lease assets to their fair value, which are included in loss on held for sale and impairments on our unaudited condensed consolidated statement of operations and comprehensive loss.
Supplemental cash flow information related to leases is as follows:
Three months ended
March 31,
20252024
(in thousands)
Cash paid for operating lease liabilities$1,130 $1,145 
Operating lease assets obtained in exchange for operating lease liabilities$199 $177 
Supplemental balance sheet information, included in other non-current assets, accrued expenses and other and other non-current liabilities on the unaudited condensed consolidated balance sheets, related to leases is as follows:
March 31,December 31,
20252024
(in thousands)
Operating lease right-of-use assets$9,992 $10,464 
Current operating lease liabilities3,238 3,084 
Long-term operating lease liabilities12,465 13,212 
Total operating lease liabilities$15,703 $16,296 
At March 31, 2025 and December 31, 2024, the weighted average remaining lease term for operating leases was 4.92 years and 5.15 years, respectively, and the weighted average discount rate was 5.3% and 5.2%, respectively.
Future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities recognized on the balance sheet as of March 31, 2025 is as follows (in thousands):

Year ended December 31,
2025 (remainder of year)
$3,159 
20264,048 
20273,468 
20282,792 
20292,481 
Thereafter2,254 
Total lease payments18,202 
Less: imputed interest2,499 
Total present value of lease liabilities$15,703