v3.25.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Operating Lease Expense
The components of total operating lease expense are as follows for the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Operating lease costs$919 $917 $1,830 $1,826 
Short-term lease costs133 233 262 375 
Variable lease costs(11)134 48 289 
Sublease income(272)— (541)— 
Total operating lease expense$769 $1,284 $1,599 $2,490 
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to the operating and financing leases is as follows as of the periods indicated:
(in thousands, except lease term and discount rate)June 30, 2025December 31, 2024
Operating Leases
Right-of-use operating assets$13,527 $14,265 
Current maturities of long-term lease obligations$2,200 $1,960 
Long-term lease obligations$18,015 $19,191 
Financing Leases
Right-of-use financing assets, net of accumulated amortization (1)
$32 $37 
Current maturities of long-term lease obligations $10 $9 
Long-term lease obligations $25 $30 
Weighted average operating lease term:
8.4 years8.8 years
Weighted average financing lease term:
3.0 years3.6 years
Weighted average discount rate - operating leases
10.91%10.95%
Weighted average discount rate - financing leases
13.93%14.06%
__________
(1)Financing leases are included in Property and equipment, net on the Condensed Consolidated Balance Sheets.
Schedule of Operating Lease Maturity
Future minimum lease payments under operating and financing leases at June 30, 2025 are as follows:
(in thousands) 
2025 (excluding the six months ended June 30, 2025)$2,089 
20264,284 
20273,120 
20283,119 
20293,187 
Thereafter15,386 
Total31,185 
Less: Imputed interest(10,935)
Total lease obligations20,250 
Less: Current maturities of long-term lease obligations
(2,210)
Long-term lease obligations$18,040 
Schedule of Finance Lease Maturity
Future minimum lease payments under operating and financing leases at June 30, 2025 are as follows:
(in thousands) 
2025 (excluding the six months ended June 30, 2025)$2,089 
20264,284 
20273,120 
20283,119 
20293,187 
Thereafter15,386 
Total31,185 
Less: Imputed interest(10,935)
Total lease obligations20,250 
Less: Current maturities of long-term lease obligations
(2,210)
Long-term lease obligations$18,040