v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Summary of Operating Leases, Including Lease Costs, Lease Terms, Discount Rates and Supplemental Cash Flow Information
The following table provides information on the Company's lease costs for operating leases:
Three months ended March 31,
20262025
(In thousands)
Lease costs:
Operating lease cost
$10,881 $8,558 
Variable lease cost
408 335 
Short-term lease cost
29,125 23,686 
Total lease costs
$40,414 $32,579 
The following is summary information of lease terms and discount rates for operating leases as of:
March 31, 2026December 31, 2025
Weighted average remaining lease term (in years)
1.13 years
1.15 years
Weighted average discount rate (in percentages)
5.36 %5.43 %
The following is a summary of other information and supplemental cash flow information related to operating leases:
Three months ended March 31,
20262025
(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating lease liabilities
$10,653 $8,574 
Right-of-use assets obtained in exchange for new operating lease liabilities
$3,582 $8,431 
Reconciliation of Future Undiscounted Cash Flows to Operating Lease Liabilities
The reconciliation of future undiscounted cash flows to operating lease liabilities, including current portion of operating lease liabilities, presented on the unaudited condensed consolidated balance sheet as of March 31, 2026 was as follows:
March 31, 2026
(In thousands)
Remainder of 2026$28,475 
202727,275 
202815,643 
20298,593 
20304,930 
Thereafter8,153 
Total
93,069 
Less: discount
(8,504)
Total operating lease liabilities
$84,565 
Schedule of Operating Lease Income
The following table provides information on the Company's lease income for operating leases:
Three months ended March 31,
20262025
(In thousands)
Lease income:
Operating lease income
$14,157 $11,138 
Total lease income
$14,157 $11,138 
Schedule of the Maturity of Lessor Undiscounted Cash Flows
The following table is a maturity analysis of undiscounted cash flows relating to lease payments expected to be received by the Company as a lessor of operating leases as of:
March 31, 2026
(In thousands)
Remainder of 2026$11,597 
Total lease payments
$11,597 
Components of Certain Equipment Leased to Third Parties Under Operating Leases
Equipment under operating leases, which was included within Property, plant and equipment, net in the unaudited condensed consolidated balance sheets, was as follows as of:
March 31, 2026December 31, 2025
(In thousands)
Machinery and equipment$71,336 $69,152 
Less: accumulated depreciation
(33,671)(32,565)
Property, plant and equipment, net
$37,665 $36,587