v3.26.1
Leases
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Leases LEASES
The Company has operating and finance leases for office, manufacturing and warehouse facilities and automobiles. The Company’s leases have remaining lease terms of less than two years to ten years. Options to renew or extend leases beyond their initial term have been excluded from measurement of the right-of-use (ROU) assets and lease liabilities as exercise is not reasonably certain.
The weighted average remaining lease term and the discount rate for the reporting periods are as follows:
March 31, 2026December 31, 2025
Operating Leases
Weighted average remaining lease term (years)4.95.1
Weighted average discount rate7.0%7.0%
Finance Leases
Weighted average remaining lease term (years)4.44.7
Weighted average discount rate7.0%7.0%
A letter of credit for $1,250 issued to the lessor of the Company's corporate headquarters building is renewed annually and remains outstanding as of March 31, 2026.
The components of lease expense are as follows:
 Three Months Ended
March 31,
 20262025
Operating lease cost$530 $466 
 
Finance lease cost:
Amortization of right-of-use assets262 262 
Interest on lease liabilities126 147 
Total finance lease cost$388 $409 
Short-term lease expense was not significant for the three months ended March 31, 2026 and 2025.
Supplemental cash flow information related to leases is as follows:
Three Months Ended
March 31, 2026		Three Months Ended
March 31, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$566 $538 
Operating cash flows for finance leases126 147 
Financing cash flows for finance leases316 287 
Right-of-use assets and corresponding lease obligations related to new and modified lease agreements:
Operating leases$60 $1,558 
Finance leases— — 
Supplemental balance sheet information related to leases is as follows:
March 31, 2026December 31, 2025
Operating Leases
Operating lease right-of-use assets$6,448 $6,868 
Other current liabilities
$1,694 $1,734 
Finance and operating lease liabilities
5,156 5,541 
Total operating lease liabilities$6,850 $7,275 
Finance Leases
Property and equipment, at cost$14,750 $14,765 
Accumulated depreciation(10,169)(9,922)
Property and equipment, net $4,581 $4,843 
Other current liabilities
$1,337 $1,306 
Finance and operating lease liabilities
5,628 5,975 
Total finance lease liabilities$6,965 $7,281 
Future maturities of lease liabilities as of March 31, 2026 are as follows:
Operating LeasesFinance Leases
2026 (excluding the three months ended March 31, 2026)
$1,391 $1,333 
20271,905 1,808 
20281,475 1,842 
20291,072 1,818 
2030683 1,339 
2031 and thereafter
1,748 — 
Total payments $8,274 $8,140 
Less imputed interest(1,424)(1,175)
Total$6,850 $6,965 
Leases LEASES
The Company has operating and finance leases for office, manufacturing and warehouse facilities and automobiles. The Company’s leases have remaining lease terms of less than two years to ten years. Options to renew or extend leases beyond their initial term have been excluded from measurement of the right-of-use (ROU) assets and lease liabilities as exercise is not reasonably certain.
The weighted average remaining lease term and the discount rate for the reporting periods are as follows:
March 31, 2026December 31, 2025
Operating Leases
Weighted average remaining lease term (years)4.95.1
Weighted average discount rate7.0%7.0%
Finance Leases
Weighted average remaining lease term (years)4.44.7
Weighted average discount rate7.0%7.0%
A letter of credit for $1,250 issued to the lessor of the Company's corporate headquarters building is renewed annually and remains outstanding as of March 31, 2026.
The components of lease expense are as follows:
 Three Months Ended
March 31,
 20262025
Operating lease cost$530 $466 
 
Finance lease cost:
Amortization of right-of-use assets262 262 
Interest on lease liabilities126 147 
Total finance lease cost$388 $409 
Short-term lease expense was not significant for the three months ended March 31, 2026 and 2025.
Supplemental cash flow information related to leases is as follows:
Three Months Ended
March 31, 2026		Three Months Ended
March 31, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$566 $538 
Operating cash flows for finance leases126 147 
Financing cash flows for finance leases316 287 
Right-of-use assets and corresponding lease obligations related to new and modified lease agreements:
Operating leases$60 $1,558 
Finance leases— — 
Supplemental balance sheet information related to leases is as follows:
March 31, 2026December 31, 2025
Operating Leases
Operating lease right-of-use assets$6,448 $6,868 
Other current liabilities
$1,694 $1,734 
Finance and operating lease liabilities
5,156 5,541 
Total operating lease liabilities$6,850 $7,275 
Finance Leases
Property and equipment, at cost$14,750 $14,765 
Accumulated depreciation(10,169)(9,922)
Property and equipment, net $4,581 $4,843 
Other current liabilities
$1,337 $1,306 
Finance and operating lease liabilities
5,628 5,975 
Total finance lease liabilities$6,965 $7,281 
Future maturities of lease liabilities as of March 31, 2026 are as follows:
Operating LeasesFinance Leases
2026 (excluding the three months ended March 31, 2026)
$1,391 $1,333 
20271,905 1,808 
20281,475 1,842 
20291,072 1,818 
2030683 1,339 
2031 and thereafter
1,748 — 
Total payments $8,274 $8,140 
Less imputed interest(1,424)(1,175)
Total$6,850 $6,965