Leases |
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| Leases | LEASES The Company has various operating leases for office space and vehicles that expire through 2035. The lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. Some leases include one or more options to renew. The exercise of lease renewal options is typically at the Company's sole discretion; therefore, the majority of renewals to extend the lease terms are not included in the Company's right-of-use assets and lease liabilities, as they are not reasonably certain of exercise. The Company regularly evaluates the renewal options, and, when it is reasonably certain of exercise, it will include the renewal period in its lease term. Below is a summary of the Company's operating right-of-use assets and operating lease liabilities (in thousands):
Operating lease liabilities, current are included within in the condensed consolidated balance sheets. Minimum lease payments for the Company's right-of-use assets over the remaining lease periods as of June 30, 2026, are as follows (in thousands):
As of June 30, 2026, the Company has an additional operating lease that has not yet commenced of $511. This operating lease will commence in the third quarter of 2026, with a lease term of approximately two years.
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