Lease Obligations (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Leases [Abstract] |
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| Schedule of Lease Activity |
On a consolidated basis, lease activity for the years ended December 31, 2025, 2024 and 2023 were as follows:
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Year Ended December 31, |
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2025 |
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2024 |
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2023 |
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|
(in thousands) |
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Finance lease expense |
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|
|
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|
|
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Amortization of ROU assets |
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$ |
6,963 |
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|
$ |
6,246 |
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|
$ |
4,764 |
|
Interest on lease liabilities |
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|
6,805 |
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|
6,729 |
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|
|
5,470 |
|
Operating lease expense |
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|
2,194 |
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|
|
1,772 |
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|
|
1,677 |
|
Total |
|
$ |
15,962 |
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|
$ |
14,747 |
|
|
$ |
11,911 |
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| Schedule of Supplemental Cash Flow Information |
On a consolidated basis, supplemental cash flow information for the years ended December 31, 2025, 2024 and 2023 were as follows:
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Year Ended December 31, |
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2025 |
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2024 |
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2023 |
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Cash paid for amounts included in the measurement of lease liabilities |
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(in thousands except percent and year) |
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Operating cash flows from finance leases |
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$ |
6,644 |
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|
$ |
6,610 |
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|
$ |
5,387 |
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Financing cash flows from finance leases |
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$ |
3,899 |
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|
$ |
2,869 |
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$ |
1,532 |
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Operating cash flows from operating leases |
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$ |
2,250 |
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$ |
1,804 |
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|
$ |
1,455 |
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ROU assets obtained in exchange for new finance lease liabilities |
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$ |
3,588 |
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$ |
7,078 |
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$ |
7,712 |
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ROU assets obtained in exchange for new operating lease liabilities |
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$ |
1,454 |
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|
$ |
885 |
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|
$ |
2,802 |
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Weighted-average remaining lease term in years for finance leases |
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|
13.52 |
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|
13.75 |
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|
15.00 |
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Weighted-average remaining lease term in years for operating leases |
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5.36 |
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|
6.16 |
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|
6.94 |
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Weighted-average discount rate for finance leases |
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|
8.21 |
% |
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|
8.42 |
% |
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|
7.88 |
% |
Weighted-average discount rate for operating leases |
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|
9.49 |
% |
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|
9.52 |
% |
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|
8.97 |
% |
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| Schedule of Maturities of Lease Liabilities |
On a consolidated basis, maturities of lease liabilities are as follows:
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Year ending December 31, |
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Finance Lease |
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Operating Lease |
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Total |
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2026 |
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$ |
10,826 |
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|
$ |
2,371 |
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$ |
13,197 |
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2027 |
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|
11,048 |
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|
2,291 |
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|
13,339 |
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2028 |
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|
11,082 |
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|
|
1,548 |
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|
|
12,630 |
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2029 |
|
|
9,497 |
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|
593 |
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|
10,090 |
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2030 |
|
|
8,745 |
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|
|
163 |
|
|
|
8,908 |
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Thereafter |
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|
87,068 |
|
|
|
1,662 |
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|
|
88,730 |
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Total undiscounted cash flows |
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|
138,266 |
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|
|
8,628 |
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|
|
146,894 |
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Less: present value discount |
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|
(56,870 |
) |
|
|
(1,864 |
) |
|
|
(58,734 |
) |
Total lease liabilities |
|
$ |
81,396 |
|
|
$ |
6,764 |
|
|
$ |
88,160 |
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