v3.25.2
Leases
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
The Company leases certain office facilities and equipment under non-cancelable operating leases with remaining terms ranging from less than one to nine years.
Operating lease ROU assets are included in other assets. With respect to operating lease liabilities, current operating lease liabilities are included in current liabilities and non-current operating lease liabilities are included in long-term liabilities in the condensed consolidated balance sheets. At June 30, 2025, the weighted average remaining lease terms were 5.8 years for operating leases, and the weighted average discount rate was 5.6% for operating leases. For additional information on the Company's leases, see Note 13. “Leases” to the consolidated financial statements included in the Company’s 2024 Annual Report.
The following table summarizes the lease-related assets and liabilities recorded in the condensed consolidated balance sheets at June 30, 2025 and December 31, 2024:
Lease PositionBalance Sheet ClassificationJUNE 30, 2025DECEMBER 31, 2024
(In thousands)
Assets
Operating lease assetsOperating lease right-of-use assets$12,705 $13,841 
Total lease assets$12,705 $13,841 
Liabilities
Current
OperatingOther current liabilities$4,322 $5,306 
Noncurrent
OperatingOperating lease liabilities, net of current portion9,366 11,166 
Total lease liabilities$13,688 $16,472 
The following table summarizes by year the maturities of our minimum lease payments as of June 30, 2025:
OPERATING
LEASES
(In thousands)
Remainder of 2025$2,846 
20263,929 
20272,831 
20281,089 
20291,052 
Thereafter5,113 
Total future lease payments16,860 
Less: imputed interest(3,172)
Total$13,688