v3.25.4
LEASES (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Presentation of Right-of-Use Assets and Lease Liabilities in Condensed Consolidated Balance Sheet
The presentation of right-of-use assets and lease liabilities in the consolidated balance sheets is as follows (in thousands):

LeasesClassificationDecember 31, 2025December 31, 2024
Assets
Right-of-use assets
Other assets(1)
$15,878 $18,511 
Total leased assets$15,878 $18,511 
Liabilities
Current
OperatingAccrued and other liabilities$6,207 $6,468 
Noncurrent
OperatingLease liabilities15,483 18,582 
Total Lease liabilities$21,690 $25,050 
(1) Operating right of-use assets are recorded net of accumulated amortization of $16.9 million and $14.5 million as of December 31, 2025 and 2024, respectively.
Schedule of Lease Expense
Operating lease cost for the years ended December 31, 2025, 2024 and 2023, respectively, was as follows (in thousands):
Year Ended
Lease CostDecember 31, 2025December 31, 2024December 31, 2023
Operating lease cost(1)
$7,019 $7,028 $7,848 
(1) Operating lease cost is included in other selling, general and administrative expenses in the consolidated statements of income and comprehensive income for the years ended December 31, 2025, 2024 and 2023.
Schedule of Future Minimum Lease Payments
Future minimum lease payments for assets under non-cancelable operating lease agreements with original terms of more than one year for the next five years and thereafter are as follows (in thousands):

2026$6,220 
20274,550 
20283,094 
20292,301 
20302,231 
Thereafter7,575 
Total lease payments25,971 
Less: Imputed interest(4,281)
Present value of lease liabilities$21,690