| Schedule of Lease Cost and Supplemental Lease Information |
Operating lease expense is recorded on a straight-line basis over the lease term. During the three and six months ended June 30, 2026 and 2025, lease costs were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (in thousands) | | Operating lease cost | $ | 1,574 | | | $ | 1,458 | | | $ | 3,197 | | | $ | 2,938 | | | Variable lease cost | 223 | | | 129 | | | 356 | | | 250 | | | Short-term lease cost | 220 | | | 209 | | | 522 | | | 429 | | | Total lease cost | $ | 2,017 | | | $ | 1,796 | | | $ | 4,075 | | | $ | 3,617 | |
Supplemental information related to operating lease transactions is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (in thousands) | | Lease liability payments | $ | 1,740 | | | $ | 1,471 | | | $ | 3,370 | | | $ | 2,836 | | | Lease right-of-use assets obtained in exchange for liabilities | $ | 865 | | | $ | 3,118 | | | $ | 2,917 | | | $ | 3,118 | | | Non-cash net increase in lease assets due to lease modifications | $ | (216) | | | $ | 1,861 | | | $ | (216) | | | $ | 1,861 | | | Non-cash net increase in lease liability due to lease modifications | $ | 216 | | | $ | (1,743) | | | $ | 216 | | | $ | (1,743) | |
Weighted average remaining lease term and discount rate as of June 30, 2026 and December 31, 2025 were as follows: | | | | | | | | | | | | | As of | | June 30, 2026 | | December 31, 2025 | | Weighted average remaining lease term, in years | 3.5 | | 3.7 | | Weighted average discount rate | 7.7 | % | | 7.6 | % |
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| Schedule of Operating Lease Maturities |
As of June 30, 2026, operating lease liabilities will mature as follows: | | | | | | | Lease Payments | | (in thousands) | 2026 (excluding six months ended June 30, 2026) | $ | 3,730 | | | 2027 | 5,673 | | | 2028 | 4,029 | | | 2029 | 3,169 | | | 2030 | 2,312 | | | Thereafter | 278 | | | Total lease payments | 19,191 | | | Less: imputed interest | (2,483) | | | Total | $ | 16,708 | |
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