v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Summary of Expected Future Payments Related to Lease Liabilities

The following table summarizes the expected future payments related to lease liabilities as of March 31, 2026:

(in thousands)

 

 

 

Remainder of 2026

 

$

10,677

 

2027

 

 

8,387

 

2028

 

 

7,480

 

2029

 

 

7,000

 

2030

 

 

6,465

 

Thereafter

 

 

18,948

 

Total minimum payments

 

$

58,957

 

Less amounts representing interest

 

 

(11,041

)

Present value of minimum lease payments

 

 

47,916

 

Less current operating lease liabilities

 

 

(10,512

)

Long-term operating lease liabilities

 

$

37,404

 

Summary of Lease Payments and Supplemental Non-Cash Disclosures

The following table summarizes lease payments and supplemental non-cash disclosures:

 

Three-Month Period

Ended March 31,

(in thousands)

2026

2025

Cash paid for amounts included in lease liabilities:

Operating cash flows from operating leases

$

1,915

$

2,435

Non-cash additions to operating lease assets

$

2,636

$

-

Summary of Components of Lease Expense

The following table summarizes the components of lease expense:

 

 

Three-Month Period

 

 

 

Ended March 31,

 

(in thousands)

 

2026

 

 

2025

 

Operating lease cost

$

1,706

 

 

$

2,339

 

Variable lease cost

 

266

 

 

 

101

 

Short-term lease cost

 

490

 

 

 

402

 

 Total lease cost

$

2,462

 

 

$

2,842