Leases (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Leases |
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| Schedule of components of lease cost |
| | | | | | | | | | (Amounts in thousands) | | December 31, 2025 | | December 31, 2024 | | December 31, 2023 | Finance leases | | | | | | | | | | Amortization of finance leases | | $ | 2,028 | | $ | 4,478 | | $ | 4,560 | Interest on lease liabilities | | | 645 | | | 233 | | | 359 | Total finance lease cost | | | 2,673 | | | 4,711 | | | 4,919 | Operating lease cost | | | 9,143 | | | 12,051 | | | 17,100 | Short-term lease cost | | | 26,086 | | | 29,632 | | | 31,753 | Total lease cost | | $ | 37,902 | | $ | 46,394 | | $ | 53,772 |
| | | | | | | | | | (Amounts in thousands) | | December 31, 2025 | | December 31, 2024 | | December 31, 2023 | Cash paid for amounts included in the measurement of lease liabilities | | | | | | | | | | Operating cash flows for operating leases | | $ | 9,178 | | $ | 12,068 | | $ | 16,893 | Operating cash flows for finance leases | | | 645 | | | 233 | | | 359 | Financing cash flows for finance leases | | | 1,409 | | | 5,813 | | | 4,835 | Operating leases | | | | | | | | | | ROU assets obtained in exchange for lease liabilities | | | 4,051 | | | 13,870 | | | 12,164 | Finance leases | | | | | | | | | | ROU assets obtained in exchange for lease liabilities | | | 8,037 | | | 4,848 | | | 1,710 |
Additional information related to our leases for the year ended December 31, 2025 and December 31, 2024, is as follows: | | | | | | | Weighted average remaining lease term (in years) | | December 31, 2025 | | December 31, 2024 | Operating leases | | 2.6 | | | 2.4 | | Finance leases | | 4.3 | | | 4.7 | | Weighted average discount rate | | | | | | | Operating leases | | 7.27 | % | | 5.62 | % | Finance leases | | 9.34 | % | | 8.48 | % |
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| Schedule of operating and finance leases |
| | | | | | | (Amounts in thousands) | | December 31, 2025 | | December 31, 2024 | Operating leases | | | | | | | Operating lease right-of-use assets | | $ | 10,524 | | $ | 14,897 | | | | | | | | Short-term operating lease liabilities | | $ | 4,670 | | $ | 8,962 | Long-term operating lease liabilities | | | 5,779 | | | 5,856 | Total operating lease liabilities | | $ | 10,449 | | $ | 14,818 | | | | | | | | Finance leases | | | | | | | Property and equipment | | $ | 37,178 | | $ | 29,141 | Accumulated amortization | | | (24,989) | | | (22,921) | Property and equipment, net | | $ | 12,189 | | $ | 6,220 | | | | | | | | Short-term lease liabilities | | $ | 2,138 | | $ | 1,142 | Long-term lease liabilities | | | 10,624 | | | 4,935 | Total finance lease liabilities | | $ | 12,762 | | $ | 6,077 |
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| Schedule of maturities of non-cancellable operating leases |
| | | | | | | | | | (Amounts in thousands) | | Finance Leases | | Operating Leases | | Total | 2026 | | $ | 3,208 | | $ | 5,066 | | $ | 8,274 | 2027 | | | 3,649 | | | 3,419 | | | 7,068 | 2028 | | | 3,584 | | | 2,289 | | | 5,873 | 2029 | | | 3,547 | | | 507 | | | 4,054 | 2030 | | | 1,537 | | | — | | | 1,537 | Thereafter | | | — | | | — | | | — | Total | | | 15,525 | | | 11,281 | | | 26,806 | Less: present value discount | | | (2,763) | | | (832) | | | (3,595) | Lease liability | | $ | 12,762 | | $ | 10,449 | | $ | 23,211 |
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| Schedule of maturities of non-cancellable financing leases |
| | | | | | | | | | (Amounts in thousands) | | Finance Leases | | Operating Leases | | Total | 2026 | | $ | 3,208 | | $ | 5,066 | | $ | 8,274 | 2027 | | | 3,649 | | | 3,419 | | | 7,068 | 2028 | | | 3,584 | | | 2,289 | | | 5,873 | 2029 | | | 3,547 | | | 507 | | | 4,054 | 2030 | | | 1,537 | | | — | | | 1,537 | Thereafter | | | — | | | — | | | — | Total | | | 15,525 | | | 11,281 | | | 26,806 | Less: present value discount | | | (2,763) | | | (832) | | | (3,595) | Lease liability | | $ | 12,762 | | $ | 10,449 | | $ | 23,211 |
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