v3.26.1
Leases
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Leases Leases
Operating lease cost details for the three months ended March 31, 2026 and 2025 are as follows:
Three Months Ended
March 31,
(In thousands)20262025
Building rent$285 $231 
Automobile rentals326 264 
Total net operating lease costs$611 $495 
At March 31, 2026, the Company’s weighted average remaining lease term for its operating leases is 4.3 years, and the weighted average discount rate for its operating leases is 6%.
During the three months ended March 31, 2026, there were $1.2 million of operating cash payments for lease liabilities and $0.8 million of right-of-use assets obtained in exchange for new lease liabilities.
Maturities of the Company’s operating leases as of March 31, 2026 are as follows:
(In thousands)As of
March 31, 2026
2026$1,939 
20272,259 
20282,146 
20291,198 
2030490 
Later years1,005 
Less imputed interest(1,081)
Total lease liabilities$7,956