v3.25.2
Leases
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
The Company leases office space and equipment under various operating and finance leases, which generally are expected to be renewed or replaced by other leases. The finance leases currently held are considered immaterial. The components of lease cost were as follows:
Components of Lease Cost
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2025202420252024
Finance lease cost:
     Amortization of right-of-use assets$2 $2 $4 $4 
Operating lease cost1,948 1,802 3,827 3,464 
Short-term lease cost295 395 976 870 
Variable lease cost54 78 108 151 
Total lease cost$2,299 $2,277 $4,915 $4,489 
Maturities of operating lease liabilities were as follows:
Future Minimum Lease Payments
(in thousands)June 30, 2025December 31, 2024
2025$3,564 *$6,998 
20266,351 5,719 
20274,172 3,595 
20282,135 1,556 
20291,538 927 
Thereafter1,188 914 
Total minimum lease payments$18,948 $19,709 
Less imputed interest(1,411)(1,432)
Total operating lease liabilities$17,537 $18,277 
*Period ended June 30, 2025 represents the remaining six months of 2025.
Future Lease Commencements

As of June 30, 2025, there are additional operating leases, primarily for buildings, that have not yet commenced in the amount of $1.7 million. These operating leases will commence in fiscal year 2025 with lease terms of 1 to 5 years.

Supplemental balance sheet information related to leases was as follows:
Operating Leases
(in thousands)June 30, 2025December 31, 2024
Other non-current assets
$17,202 $18,099 
Accrued liabilities6,413 6,449 
Other long-term liabilities11,124 11,828 
    Total operating lease liabilities$17,537 $18,277 
Weighted Average Remaining Lease Term3.41 years3.49 years
Weighted Average Discount Rate4.63 %4.57 %

Supplemental cash flow information related to leases was as follows:
Six Months Ended
June 30,
(in thousands)20252024
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases$3,454 $3,175 
Leases Leases
The Company leases office space and equipment under various operating and finance leases, which generally are expected to be renewed or replaced by other leases. The finance leases currently held are considered immaterial. The components of lease cost were as follows:
Components of Lease Cost
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2025202420252024
Finance lease cost:
     Amortization of right-of-use assets$2 $2 $4 $4 
Operating lease cost1,948 1,802 3,827 3,464 
Short-term lease cost295 395 976 870 
Variable lease cost54 78 108 151 
Total lease cost$2,299 $2,277 $4,915 $4,489 
Maturities of operating lease liabilities were as follows:
Future Minimum Lease Payments
(in thousands)June 30, 2025December 31, 2024
2025$3,564 *$6,998 
20266,351 5,719 
20274,172 3,595 
20282,135 1,556 
20291,538 927 
Thereafter1,188 914 
Total minimum lease payments$18,948 $19,709 
Less imputed interest(1,411)(1,432)
Total operating lease liabilities$17,537 $18,277 
*Period ended June 30, 2025 represents the remaining six months of 2025.
Future Lease Commencements

As of June 30, 2025, there are additional operating leases, primarily for buildings, that have not yet commenced in the amount of $1.7 million. These operating leases will commence in fiscal year 2025 with lease terms of 1 to 5 years.

Supplemental balance sheet information related to leases was as follows:
Operating Leases
(in thousands)June 30, 2025December 31, 2024
Other non-current assets
$17,202 $18,099 
Accrued liabilities6,413 6,449 
Other long-term liabilities11,124 11,828 
    Total operating lease liabilities$17,537 $18,277 
Weighted Average Remaining Lease Term3.41 years3.49 years
Weighted Average Discount Rate4.63 %4.57 %

Supplemental cash flow information related to leases was as follows:
Six Months Ended
June 30,
(in thousands)20252024
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases$3,454 $3,175