v3.25.4
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Present Value of Lease Payments for Remaining Lease Term

Based on the present value of the lease payments for the remaining lease term of the Company’s existing leases, the Company’s right-of-use assets and lease liabilities for operating leases as of December 31, 2025 and 2024 were as follows:

 

Classification

 

 

December 31,

 

(in thousands)

 

 

 

2025

 

 

2024

 

Assets

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

Other assets

 

 

$

22,261

 

 

$

25,932

 

Liabilities

 

 

 

 

 

 

 

 

Current operating lease liabilities

Other accrued expenses

 

 

 

11,432

 

 

 

13,323

 

Noncurrent operating lease liabilities

Other long-term liabilities

 

 

 

20,703

 

 

 

24,648

 

Total lease liabilities

 

 

 

$

32,135

 

 

$

37,971

 

Schedule of Right-of-use Assets and Related Lease Liabilities

Information related to the Company’s right-of-use assets and related lease liabilities were as follows:

 

 

 

Year Ended December 31,

 

(amounts in thousands)

 

 

 

2025

 

 

2024

 

 

2023

 

Cash paid for operating lease liabilities

 

 

 

$

10,044

 

 

$

18,518

 

 

$

25,527

 

Right-of-use assets obtained in exchange for new operating lease obligations

 

 

 

 

6,251

 

 

 

855

 

 

 

18,187

 

Weighted-average remaining lease term

 

 

 

4.7 years

 

 

3.5 years

 

 

3.8 years

 

Weighted-average discount rate

 

 

 

 

10.8

%

 

 

9.9

%

 

 

9.8

%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of December 31, 2025 were as follows:

(in thousands)

 

 

 

2026

$

13,157

 

 

2027

 

8,575

 

 

2028

 

6,141

 

 

2029

 

5,194

 

 

2030

 

2,421

 

 

Thereafter

 

7,576

 

 

Total lease payments

 

43,064

 

 

Less: imputed interest

 

(10,929

)

 

Present value of lease liabilities

$

32,135