The Company leases various facilities and vehicles under noncancelable operating lease agreements. The remaining lease terms for our leases range from 1 month to 14 years. These leases often include options to extend the term of the lease, which may be for periods of up to 5 years. When it is reasonably certain that the option will be exercised, the impact of the renewal term is included in the lease term for purposes of determining total future lease payments and measuring the ROU asset and lease liability. We apply the short-term lease policy election, which allows us to exclude from recognition leases with an original term of 12 months or less. We have not entered into any finance leases as of December 31, 2025.

For the year ended December 31, 2025 and December 31, 2024, the components of the Company’s lease expense were as follows (in thousands):


	Year Ended December 31, 2025		Year Ended December 31, 2024
Operating Lease Cost	$	6,995	$	6,494
Short-term Lease Cost		126		136
Variable Lease Cost		440		382
Total Lease Cost	$	7,561	$	7,012

Supplemental balance sheet information related to leases was as follows (in thousands):


	Year Ended December 31, 2025			Year Ended December 31, 2024
Weighted-average remaining lease term (in years)		7.85			7.11
Weighted average discount rate		8.20	%		7.57	%

Future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities recognized on the consolidated balance sheet as of December 31, 2025 were as follows (in thousands):


2026	$	6,150
2027		5,036
2028		4,431
2029		3,655
2030		3,514
Thereafter		12,762
Total lease payments	$	35,548
Less: imputed interest		(9,719	)
Present value of lease liabilities	$	25,829