v3.26.1
Leases
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Leases Leases
The Company leases certain office facilities and equipment under non-cancelable operating leases with remaining terms ranging from less than one to nine years.
Operating lease ROU assets are included in other assets. With respect to operating lease liabilities, current operating lease liabilities are included in current liabilities and non-current operating lease liabilities are included in long-term liabilities in the condensed consolidated balance sheets. At March 31, 2026, the weighted average remaining lease terms was 5.8 years for operating leases, and the weighted average discount rate was 5.9% for operating leases. For additional information on the Company's leases, see Note 13. “Leases” to the consolidated financial statements included in the Company’s 2025 Annual Report.
The following table summarizes the lease-related assets and liabilities recorded in the condensed consolidated balance sheets at March 31, 2026 and December 31, 2025:
Lease PositionBalance Sheet ClassificationMARCH 31, 2026DECEMBER 31, 2025
(In thousands)
Assets
Operating lease assetsOperating lease right-of-use assets$11,305 $11,939 
Total lease assets$11,305 $11,939 
Liabilities
Current
OperatingOther current liabilities$3,703 $3,920 
Noncurrent
OperatingOperating lease liabilities, net of current portion7,789 8,438 
Total lease liabilities$11,492 $12,358 
The following table summarizes by year the maturities of our minimum lease payments as of March 31, 2026:
OPERATING
LEASES
(In thousands)
Remainder of 2026$3,336 
20273,149 
20281,363 
20291,177 
20301,098 
Thereafter4,104 
Total future lease payments14,227 
Less: imputed interest(2,735)
Total$11,492