| Schedule of Operating Lease Costs |
The following table sets forth information about the Company’s lease costs for the three months ended March 31, 2025 and 2024:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2025 |
|
|
2024 |
|
Operating lease cost |
|
$ |
5,574 |
|
|
$ |
5,599 |
|
Short-term lease cost |
|
|
495 |
|
|
|
324 |
|
Finance lease cost: |
|
|
|
|
|
|
Amortization of right-of-use assets |
|
|
318 |
|
|
|
— |
|
Interest on lease liabilitites |
|
|
357 |
|
|
|
— |
|
Total lease costs |
|
$ |
6,744 |
|
|
$ |
5,923 |
|
The following table sets forth supplemental cash flow information about the leases for the three months ended March 31, 2025 and 2024:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2025 |
|
|
2024 |
|
ROU assets obtained in exchange for new lease liabilities |
|
|
|
|
|
|
Operating lease liabilitites |
|
$ |
7,833 |
|
|
$ |
3,571 |
|
Finance lease liabilities |
|
$ |
14,023 |
|
|
$ |
— |
|
Supplemental balance sheet information related to the leases is as follows:
|
|
|
|
|
|
|
|
|
|
|
March 31,
2025 |
|
|
December 31,
2024 |
|
Weighted-average remaining lease term – operating leases |
|
8.71 years |
|
|
9.09 years |
|
Weighted-average discount rate – operating leases |
|
|
7.08 |
% |
|
|
6.87 |
% |
Weighted-average remaining lease term – finance leases |
|
4.81 years |
|
|
4.83 yeas |
|
Weighted-average discount rate – finance leases |
|
|
8.84 |
% |
|
|
8.23 |
% |
|
The following table sets forth information about the Company’s lease costs for the years ended December 31, 2024 and 2023:
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
|
2024 |
|
2023 |
|
Operating lease cost |
|
$ |
21,195 |
|
$ |
18,278 |
|
Short-term lease cost |
|
|
1,685 |
|
|
768 |
|
Finance lease cost: |
|
|
|
|
|
|
|
Amortization of right-of-use assets |
|
|
743 |
|
|
— |
|
Interest on lease liabilities |
|
|
303 |
|
|
— |
|
Total lease costs |
|
$ |
23,926 |
|
$ |
19,046 |
|
The following table sets forth supplemental cash flow information about operating and finance leases for the years ended December 31, 2024 and 2023:
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
|
2024 |
|
2023 |
|
ROU assets obtained in exchange for new lease liabilities |
|
|
|
|
|
|
|
Operating lease liabilities |
|
$ |
14,866 |
|
$ |
48,807 |
|
Finance lease liabilities |
|
$ |
16,039 |
|
$ |
— |
|
Supplemental balance sheet information related to the leases is as follows:
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
|
2024 |
|
|
2023 |
|
Weighted-average remaining lease term – operating leases |
|
9.09 years |
|
|
8.52 years |
|
Weighted-average discount rate – operating leases |
|
6.87 |
% |
|
6.54 |
% |
Weighted-average remaining lease term – finance leases |
|
4.83 years |
|
|
0 years |
|
Weighted-average discount rate – finance leases |
|
8.23 |
% |
|
— |
% |
|
| Schedule of Future Minimum Lease Payments |
|
The Company’s future lease payments under non-cancellable operating leases as of December 31, 2024 are as follows:
|
|
|
|
|
Fiscal Year |
|
Amount |
|
2025 |
|
$ |
19,739 |
|
2026 |
|
|
17,455 |
|
2027 |
|
|
12,714 |
|
2028 |
|
|
6,451 |
|
2029 |
|
|
4,095 |
|
Thereafter |
|
|
40,226 |
|
Total undiscounted cash flows |
|
|
100,680 |
|
Less: Imputed interest |
|
|
(30,452 |
) |
Present value of lease liabilities |
|
$ |
70,228 |
|
|
| Schedule of Finance Lease Payments |
|
The Company’s future lease payments under finance leases as of December 31, 2024 are as follows:
|
|
|
|
|
Fiscal Year |
|
Amount |
|
2025 |
|
$ |
1,837 |
|
2026 |
|
|
2,334 |
|
2027 |
|
|
1,890 |
|
2028 |
|
|
1,531 |
|
2029 |
|
|
788 |
|
Thereafter |
|
|
— |
|
Total undiscounted cash flows |
|
|
8,380 |
|
Less: Imputed interest |
|
|
(1,390 |
) |
Present value of lease liabilities |
|
$ |
6,990 |
|
|
| Schedule of Future Minimum Lease Payments Under Operating and Finance Leases |
The Company’s future lease payments under operating leases as of March 31, 2025 are as follows:
|
|
|
|
|
Fiscal Year |
|
Amount |
|
Remainder of 2025 |
|
$ |
16,205 |
|
2026 |
|
|
19,715 |
|
2027 |
|
|
15,207 |
|
2028 |
|
|
7,896 |
|
2029 |
|
|
5,395 |
|
Thereafter |
|
|
40,522 |
|
Total undiscounted cash flows |
|
|
104,940 |
|
Less: Imputed interest |
|
|
(30,995 |
) |
Present value of lease liabilities |
|
$ |
73,945 |
|
The Company’s future lease payments under finance leases as of March 31, 2025 are as follows:
|
|
|
|
|
Fiscal Year |
|
Amount |
|
Remainder of 2025 |
|
$ |
4,668 |
|
2026 |
|
|
6,736 |
|
2027 |
|
|
5,445 |
|
2028 |
|
|
4,411 |
|
2029 |
|
|
3,121 |
|
Thereafter |
|
|
790 |
|
Total undiscounted cash flows |
|
|
25,171 |
|
Less: Imputed interest |
|
|
(4,200 |
) |
Present value of lease liabilities |
|
$ |
20,971 |
|
|
|