Leases (Tables)

3 Months Ended

Mar. 31, 2026

The following table presents supplemental balance sheet information related to our financing and operating leases:


	As of March 31, 2026
In thousands	Operating Leases		Finance Leases		Total
Right-of-use Assets	$	18,945	$	562	$	19,507

Liabilities
Short-term lease liabilities	3,796		169		3,965
Long-term lease liabilities	17,618		432		18,050
Total Lease Liabilities	$	21,414	$	601	$	22,015


	As of December 31, 2025
In thousands	Operating Leases		Finance Leases		Total
Right-of-use Assets	$	19,247	$	607	$	19,854

Liabilities:
Short-term lease liabilities	3,376		167		3,543
Long-term lease liabilities	18,400		461		18,861
Total Lease Liabilities	$	21,776	$	628	$	22,404

For the three months ended March 31, 2026 and 2025, the components of lease expense were as follows:


	Three Months Ended March 31,
In thousands	2026		2025
Operating lease cost	$	1,173	$	1,265

Finance lease cost:
Amortization of right-of-use assets	43		45
Interest on lease liabilities	12		15
Total Finance lease cost	55		60
Variable lease cost	330		407

Total lease cost, net	$	1,558	$	1,732

Other information related to leases was as follows:


	Three Months Ended March 31,
In thousands	2026		2025
Supplemental Cash Flows Information

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,160	$	2,447
Operating cash flows from finance leases	11		14
Financing cash flows from finance leases	41		40

Weighted Average Remaining Lease term:
Operating leases	5.2		6.2
Finance leases	3.4		4.3

Weighted Average Discount Rate:
Operating leases	5.91%		5.75%
Finance leases	7.77%		7.77%

The maturities of the Company’s finance and operating lease liabilities as of March 31, 2026 are as follows:


In thousands	Operating Leases		Finance Leases
Year Ending December 31,
Remainder of 2026	$	3,641	$	155
2027	4,717		206
2028	4,537		206
2029	4,579		113
2030	4,484		—
2031 and beyond	3,116		—
Total future minimum lease payments	25,074		680
Less: imputed interest	3,660		79
Total lease liabilities	$	21,414	$	601