The Company’s non-cancellable purchase commitments primarily consist of purchases of raw materials for manufacturing operations under annual and multi-year agreements, some of which have minimum quantity requirements. As of March 31, 2026, the Company’s total purchase commitments under these agreements was not material.

The Company is subject to claims in the ordinary course of business; however, the Company is not currently a party to any pending or threatened litigation, the outcome of which would be expected to have a material adverse effect on its financial condition or results of operations. The Company accrues for contingent liabilities when losses are probable and estimable. If an estimate of a probable loss is a range and no amount within the range is more likely than any other amount in the range, the Company accrues the minimum amount of the range.

The undiscounted future lease payments for non-cancelable operating and financing leases were as follows (in thousands):


Maturity of lease liabilities as of March 31, 2026	Operating Leases
2026 (remainder)	$	7,653
2027	8,952
2028	8,395
2029	8,570
2030	7,028
Thereafter	695
Total lease payments	41,293
Less: imputed interest	5,957
Total lease liabilities	$	35,336