7. Leases (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of lease cost and related information

The following table presents certain quantitative information related to our lease arrangements for the three and six months ended June 30, 2026 and 2025, and as of June 30, 2026 and December 31, 2025 (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Finance lease cost:
Amortization of right-of-use assets	$	503	$	403	$	1,177	$	801
Interest on lease liabilities	604		536		1,262		1,068
Operating lease cost	5,629		4,198		10,833		8,313
Variable lease cost	1,062		822		2,218		1,717
Short-term lease cost	330		161		848		435
Total lease cost	$	8,128	$	6,120	$	16,338	$	12,334

Cash paid for amounts included in the measurement of:
Operating lease liabilities					$	11,990	$	7,830
Finance lease liabilities					1,841		933
Lease assets obtained in exchange for:
Operating lease liabilities					$	9,834	$	1,663
Finance lease liabilities					313		34


	June 30, 2026						December 31, 2025
	Operating Leases			Finance Leases			Operating Leases			Finance Leases
Lease assets	$	163,518		$	32,813		$	161,756		$	34,302
Lease liabilities – current	11,405			2,965			15,183			2,907
Lease liabilities – noncurrent	108,104			33,901			103,753			34,920

Weighted-average remaining lease term	12 years			24 years			12 years			24 years
Weighted-average discount rate	5.3		%	6.5		%	5.7		%	6.6		%

Operating lease liability maturity

As of June 30, 2026, the future payments associated with our lease liabilities were as follows (in thousands):


	Operating Leases		Finance Leases
Remainder of 2026	$	9,061	$	1,841
2027	15,448		3,724
2028	15,021		3,788
2029	13,312		3,877
2030	11,700		3,924
2031	11,356		3,962
Thereafter	86,651		51,800
Total future payments	162,549		72,916
Less: interest	(43,040)		(36,050)
Total lease liabilities	$	119,509	$	36,866

Finance lease liabilities maturity

As of June 30, 2026, the future payments associated with our lease liabilities were as follows (in thousands):


	Operating Leases		Finance Leases
Remainder of 2026	$	9,061	$	1,841
2027	15,448		3,724
2028	15,021		3,788
2029	13,312		3,877
2030	11,700		3,924
2031	11,356		3,962
Thereafter	86,651		51,800
Total future payments	162,549		72,916
Less: interest	(43,040)		(36,050)
Total lease liabilities	$	119,509	$	36,866