v3.26.1
Leases
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Leases

Note 4. Leases

The Company has operating leases, principally for corporate offices under non-cancelable operating leases that expire at various dates through 2031. The non-cancellable base terms of these remaining leases typically range from one to five years. Certain lease agreements include options to renew or terminate the lease, which are not factored into the determination of lease payments if they are not reasonably certain to be exercised.

The following table details the composition of lease expense for the periods presented:

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Operating lease cost

 

$

968

 

 

$

1,075

 

Variable lease cost

 

 

93

 

 

 

56

 

Short-term lease cost

 

 

5

 

 

 

40

 

Total lease costs

 

$

1,066

 

 

$

1,171

 

Sublease income

 

$

(35

)

 

$

(27

)

 

Cash payments related to operating lease liabilities were $1,283 and $1,364 for the three months ended March 31, 2026 and 2025, respectively.