Leases (Tables)

12 Months Ended

Dec. 31, 2025

The following tables present supplemental balance sheet information related to our financing and operating leases:


	As of December 31, 2025						As of December 31, 2024
In thousands	Operating Leases		Finance Leases		Total		Operating Leases		Finance Leases		Total
Right-of-use Assets	$	19,247	$	607	$	19,854	$	21,678	$	782	$	22,460

Liabilities:
Short-term lease liabilities	3,376		167		3,543		3,578		158		3,736
Long-term lease liabilities	18,400		461		18,861		20,235		625		20,860
Total Lease Liabilities	$	21,776	$	628	$	22,404	$	23,813	$	783	$	24,596

For the years ended December 31, 2025 and 2024, the components of lease expense were as follows:


In thousands	Year Ended December 31, 2025		Year Ended December 31, 2024
Operating lease cost	$	5,108	$	5,315
Finance lease cost
Amortization of right-of-use assets	174		102
Interest on lease liabilities	55		31
Total Finance lease cost	229		133
Variable lease cost	1,484		1,875
Sublease income	—		(368)
Total lease cost, net	$	6,821	$	6,955

Other information related to leases was as follows:


In thousands	Year Ended December 31, 2025		Year Ended December 31, 2024
Supplemental Cash Flows Information

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	8,742	$	11,170
Operating cash flows from finance leases	51		28
Financing cash flows from finance leases	159		124

Weighted Average Remaining Lease term (in years)

Operating leases	5.55		6.38
Finance leases	3.55		4.53

Weighted Average Discount Rate
Operating leases	5.89%		5.74%
Finance leases	7.77%		7.77%

The maturities of the Company’s finance and operating lease liabilities as of December 31, 2025 are as follows:


In thousands	Operating Leases		Finance Leases
Year Ending December 31,
2026	$	4,492	$	207
2027	4,524		206
2028	4,525		206
2029	4,568		98
2030	4,485		—
2031 & Beyond	3,116		—
Total future minimum lease payments	25,710		717
Less: Imputed interest	3,934		89
Total lease liabilities	$	21,776	$	628