Leases

3 Months Ended

Mar. 31, 2026

Lessee

The operating and financing components of the Company’s right-of-use assets and lease liabilities on the consolidated balance sheets were as follows:


	Balance Sheet Location	March 31, 2026		December 31, 2025
Right-of-use assets
Operating	Operating right-of-use assets	$	25,382	$	23,471
Financing	Property, plant and equipment, net	234		298
Total right-of use assets		$	25,616	$	23,769

Lease liabilities
Operating	Operating lease liabilities, current and long-term portions	$	24,959	$	23,157
Financing	Long-term debt, current and long-term portions	251		313
Total lease liabilities		$	25,210	$	23,470

Operating lease costs are recorded as a single expense on the condensed consolidated statements of operations and allocated to the right-of-use assets and the related lease liabilities as depreciation expense and interest expense, respectively. Lease cost recognized in the condensed consolidated statements of operations for the three months ended March 31, 2026 and 2025 was as follows:


	Three Months Ended March 31,
		2026		2025
Finance lease cost
Amortization of right-of-use assets		$	58	$	58
Interest on lease liabilities		7		12
Operating lease cost		3,533		3,162
Short-term lease cost		—		—


Total lease cost		$	3,598	$	3,232

Other information related to the Company’s leasing activity for the three months ended March 31, 2026 and 2025 is as follows:


	Three Months Ended March 31,
	2026			2025
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for finance leases	$	67		$	12
Operating cash flows used for operating leases	$	6,137		$	4,457
Financing cash flows used for finance leases	$	61		$	58


Right-of-use assets obtained in exchange for new operating lease liabilities	$	4,956		$	—


Weighted average remaining lease term - finance leases	1.2 years			2.1 years
Weighted average discount rate - finance leases	9.35		%	9.51		%
Weighted average remaining lease term - operating leases	3.1 years			2.8 years
Weighted average discount rate - operating leases	7.77		%	7.31		%

Maturities of the Company’s lease liabilities as of March 31, 2026 are as follows:


	Operating Leases		Finance Leases		Total
Remainder of 2026	$	7,878	$	193	$	8,071
2027	9,036		65		9,101
2028	6,029		7		6,036
2029	3,690		—		3,690
2030	1,457		—		1,457
Thereafter	60		—		60
Total cash lease payments	28,150		265		28,415
Less: amounts representing interest	(3,191)		(14)		(3,205)
Total lease liabilities	$	24,959	$	251	$	25,210

Leases

Lessee

The operating and financing components of the Company’s right-of-use assets and lease liabilities on the consolidated balance sheets were as follows:


	Balance Sheet Location	March 31, 2026		December 31, 2025
Right-of-use assets
Operating	Operating right-of-use assets	$	25,382	$	23,471
Financing	Property, plant and equipment, net	234		298
Total right-of use assets		$	25,616	$	23,769

Lease liabilities
Operating	Operating lease liabilities, current and long-term portions	$	24,959	$	23,157
Financing	Long-term debt, current and long-term portions	251		313
Total lease liabilities		$	25,210	$	23,470


	Three Months Ended March 31,
		2026		2025
Finance lease cost
Amortization of right-of-use assets		$	58	$	58
Interest on lease liabilities		7		12
Operating lease cost		3,533		3,162
Short-term lease cost		—		—


Total lease cost		$	3,598	$	3,232

Other information related to the Company’s leasing activity for the three months ended March 31, 2026 and 2025 is as follows:


	Three Months Ended March 31,
	2026			2025
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for finance leases	$	67		$	12
Operating cash flows used for operating leases	$	6,137		$	4,457
Financing cash flows used for finance leases	$	61		$	58


Right-of-use assets obtained in exchange for new operating lease liabilities	$	4,956		$	—


Weighted average remaining lease term - finance leases	1.2 years			2.1 years
Weighted average discount rate - finance leases	9.35		%	9.51		%
Weighted average remaining lease term - operating leases	3.1 years			2.8 years
Weighted average discount rate - operating leases	7.77		%	7.31		%

Maturities of the Company’s lease liabilities as of March 31, 2026 are as follows:


	Operating Leases		Finance Leases		Total
Remainder of 2026	$	7,878	$	193	$	8,071
2027	9,036		65		9,101
2028	6,029		7		6,036
2029	3,690		—		3,690
2030	1,457		—		1,457
Thereafter	60		—		60
Total cash lease payments	28,150		265		28,415
Less: amounts representing interest	(3,191)		(14)		(3,205)
Total lease liabilities	$	24,959	$	251	$	25,210