v3.26.1
Leases
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Leases Leases
We have entered into various operating lease agreements for automobiles, offices and manufacturing facilities throughout the world. At March 31, 2026, our operating leases had remaining lease terms of up to 35 years, including any reasonably probable extensions.

Lease balances within our consolidated balance sheets were as follows:
(In thousands)March 31, 2026December 31, 2025
Assets:
Operating lease right-of-use assets$10,909 $10,203 
Liabilities:
Other accrued liabilities$2,767 $3,213 
Long-term operating lease obligations7,276 6,193 
Total lease liabilities$10,043 $9,406 

Operating lease expense, operating lease cash flows and supplemental cash flow information were as follows:

(In thousands)Three Months Ended March 31,
20262025
Cost of sales$178 $316 
Selling, general and administrative expenses951 1,160 
Total operating lease expense$1,129 $1,476 
Operating lease expenses from variable and short-term lease costs$215 $373 
Operating cash outflows from operating leases$1,035 $1,428 
Operating lease right-of-use assets obtained in exchange for lease obligations$1,342 $248 

The weighted average remaining lease liability term and the weighted average discount rate were as follows:
March 31, 2026December 31, 2025
Weighted average lease liability term (in years)5.24.3
Weighted average discount rate6.65 %5.80 %

The following table reconciles the undiscounted cash flows for each of the first five years and thereafter to the operating lease liabilities recognized in our consolidated balance sheets at March 31, 2026. The reconciliation excludes short-term leases that are not recorded in our consolidated balance sheets.
(In thousands)March 31, 2026
2026 (remaining 9 months)$2,660 
20272,958 
20281,342 
20291,137 
20301,059 
Thereafter2,807 
Total lease payments11,963 
Less: imputed interest(1,920)
Total lease liabilities$10,043 

At March 31, 2026, we did not have any operating leases that had not yet commenced.