v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Lease Cost Recognized in both Cost of Sale and Operating Expenses

Lease cost is recognized in both the Cost of Sales and Operating Expenses sections of the Condensed Consolidated Statements of Income.

 

(In thousands)

 

Three Months Ended
March 31,

 

 

 

2026

 

 

2025

 

Lease Cost

 

 

 

 

 

 

Operating lease cost

 

$

4,622

 

 

$

4,762

 

Short-term lease cost

 

 

2,702

 

 

 

2,518

 

Variable lease cost

 

 

341

 

 

 

375

 

Total lease cost

 

$

7,665

 

 

$

7,655

 

Other Information

 

 

 

 

 

 

Cash paid for amounts included in the
   measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flow from operating leases

 

$

4,575

 

 

$

4,776

 

Right-of-use assets obtained in exchange
   for new operating lease liabilities

 

 

316

 

 

 

222

 
Schedule of Maturities of Lease Liabilities

The following table outlines the maturities of lease liabilities as of March 31, 2026.

 

(In thousands)

 

 

 

Undiscounted Cash Flows:

 

 

 

2026 (excluding the three months ended March 31, 2026)

 

$

12,736

 

2027

 

 

12,695

 

2028

 

 

9,637

 

2029

 

 

8,513

 

2030

 

 

7,166

 

Subsequent to 2030

 

 

17,619

 

Total Undiscounted Cash Flows

 

$

68,366

 

Less: Imputed interest

 

 

(7,009

)

Present value

 

$

61,357

 

Current operating lease liabilities (1)

 

 

14,271

 

Non-current operating lease liabilities

 

 

47,086

 

Total lease liabilities

 

$

61,357

 
(1)
This item is included in the Accrued liabilities line on the Company’s Condensed Consolidated Balance Sheet.
Schedule of Operating Leases Weighted Average, Remaining Lease Term and Discount Rate

Weighted-average remaining lease term-operating leases

 

6 Years

 

Weighted-average discount rate-operating leases

 

 

3.8

%