v3.25.1
Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases  
Schedule of components of lease cost

The components of lease cost were as follows (in thousands):

Three Months Ended

March 31, 

    

2025

    

2024

    

Operating lease cost

$

2,029

$

1,372

Finance lease cost:

Amortization of right-of-use assets

84

59

Interest on finance lease liabilities

22

20

106

79

Total lease cost

2,135

1,451

Schedule of other information related to leases

Other information related to leases was as follows (in thousands):

Supplemental Cash Flows Information

Three Months Ended March 31, 

    

2025

    

2024

Cash paid for amounts included in the measurement of lease liabilities:

 

 

Operating cash flows from operating leases

 

$

1,398

 

$

1,325

Operating cash flows from finance leases

 

$

101

 

$

71

Financing cash flows from finance leases

$

91

$

50

Right-of-use assets obtained in exchange for lease liabilities (in thousands):

Operating leases

 

$

356

 

$

Finance leases

$

39

$

35

March 31, 

December 31, 

 

    

2025

    

2024

 

    

Weighted-Average Remaining Lease Term

 

 

 

Operating leases

 

9.4

years

9.6

years

 

Finance leases

 

3.3

years

3.5

years

 

Weighted-Average Discount Rate

 

  

 

  

 

Operating leases

 

7.1

%  

7.1

%

 

Finance leases

 

3.3

%  

8.3

%

 

Schedule of future minimum lease payments under non-cancellable operating leases

Future minimum lease payments under non-cancellable leases that have commenced as of March 31, 2025 were as follows (in thousands):

Operating

Finance

Years Ending December 31

    

Leases

    

Leases

2025 (excluding the three months ended March 31, 2025)

 

$

5,023

 

$

306

2026

 

6,211

 

393

2027

 

5,752

 

321

2028

 

5,328

 

199

2029

4,839

25

Thereafter

 

31,964

 

Total future minimum lease payments

 

59,117

 

1,244

Less: imputed interest

 

(17,355)

 

(146)

Total

$

41,762

$

1,098

Operating

Finance

Reported as of March 31, 2025

    

Leases

    

Leases

Current lease liabilities

$

3,661

$

340

Noncurrent lease liabilities

 

38,101

 

758

Total

$

41,762

$

1,098

Schedule of future minimum lease payments under non-cancellable finance leases

Operating

Finance

Years Ending December 31

    

Leases

    

Leases

2025 (excluding the three months ended March 31, 2025)

 

$

5,023

 

$

306

2026

 

6,211

 

393

2027

 

5,752

 

321

2028

 

5,328

 

199

2029

4,839

25

Thereafter

 

31,964

 

Total future minimum lease payments

 

59,117

 

1,244

Less: imputed interest

 

(17,355)

 

(146)

Total

$

41,762

$

1,098

Operating

Finance

Reported as of March 31, 2025

    

Leases

    

Leases

Current lease liabilities

$

3,661

$

340

Noncurrent lease liabilities

 

38,101

 

758

Total

$

41,762

$

1,098