Leases

3 Months Ended

Mar. 31, 2026

10. Leases — The Company has operating leases for warehouses, manufacturing facilities, offices, cars, railcars and certain equipment. The lease term includes the non-cancellable period of the lease plus any additional periods covered by either an option to extend (or not terminate) that the Company is reasonably certain to exercise. The Company has leases with a lease term ranging from one year to approximately 20 years.

The operating lease expense for the three months ended March 31, 2026 and 2025 was $1,828 and $1,816, respectively. Lease expenses related to variable lease payments and short-term leases were immaterial. Other information related to operating leases follows:


	Three months ended March 31, 2026		Three months ended March 31, 2025
Cash paid for amounts included in the measurement of lease liabilities	$	1,944	$	1,926
Right-of-use assets obtained in exchange for new liabilities	$	878	$	400

The weighted-average remaining lease term and discount rate related to the operating leases as of March 31, 2026 were as follows:


Weighted-average remaining lease term (in years)	3.80
Weighted-average discount rate	5.28	%

Future minimum lease payments under non-cancellable operating leases as of March 31, 2026 were as follows:


2026		4,699
2027		4,834
2028		3,338
2029		2,393
2030		1,494
Thereafter		1,437
Total lease payments	$	18,195
Less: imputed interest		(1,687	)
Total	$	16,508
Amounts recognized in the condensed consolidated balance sheet:
Operating lease liabilities, current	$	5,517
Operating lease liabilities, long term	$	10,991