v3.26.1
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
The Company determines if an arrangement is a lease at inception. The Company evaluates each lease for classification as either a finance lease or an operating lease according to ASC 842, Leases. The Company performs this evaluation at the inception of the lease and when a modification is made to a lease. The Company leases real estate and equipment with lease terms of one year to 45 years, some of which include options to extend and/or terminate the lease.
The majority of the Company’s lease agreements include fixed rental payments. For those leases with variable payments based on increases in an index subsequent to lease commencement, such payments are recognized as variable lease expense as they occur. Variable lease payments that do not depend on an index or rate, including those that depend on the Company’s performance or use of the underlying asset, are also expensed as incurred. Lease expense for operating lease payments is recognized on a straight-line basis over the lease term.
Total lease cost consists of the following:
Three Months EndedSix Months Ended
Lease CostClassificationJune 30, 2026June 30, 2025June 30, 2026June 30, 2025
Finance lease costs: 
Amortization of finance lease assetsDepreciation and amortization$625 $602 $1,246 $1,152 
Interest on lease liabilitiesInterest expense124 152 255 302 
$749 $754 $1,501 $1,454 
Operating lease costs:
Operating lease costsRent expense$5,596 $5,759 $11,214 $11,528 
Variable lease costRent expense715 544 1,236 947 
Short-term lease costRent expense47 51 95 96 
$6,358 $6,354 $12,545 $12,571 
Additional information related to leases is as follows:
Six Months Ended
Other InformationJune 30, 2026June 30, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases$1,433 $1,323 
Operating cash flows from finance leases255 302 
Operating cash flows from operating leases12,718 12,804 
Right of use assets obtained in exchange for new lease obligations:
Finance lease liabilities125 757 
Operating lease liabilities4,588 1,261 
June 30, 2026December 31, 2025
Finance leases:
Property and equipment – gross$30,723 $30,675 
Accumulated depreciation and amortization(22,520)(21,350)
Property and equipment - net$8,203 $9,325 
Remaining lease terms and discount rates are as follows:
Lease Term and Discount RateJune 30, 2026December 31, 2025
Weighted-average remaining lease terms:
Finance leases5 years5 years
Operating leases10 years10 years
Weighted-average discount rates:
Finance leases4.75 %4.76 %
Operating leases4.83 %4.80 %
Deferred rent payments of approximately $393 for the Company’s operating leases have been included in the total operating lease obligations as of June 30, 2026, none of which is included in long-term operating lease obligations.
Leases Leases
The Company determines if an arrangement is a lease at inception. The Company evaluates each lease for classification as either a finance lease or an operating lease according to ASC 842, Leases. The Company performs this evaluation at the inception of the lease and when a modification is made to a lease. The Company leases real estate and equipment with lease terms of one year to 45 years, some of which include options to extend and/or terminate the lease.
The majority of the Company’s lease agreements include fixed rental payments. For those leases with variable payments based on increases in an index subsequent to lease commencement, such payments are recognized as variable lease expense as they occur. Variable lease payments that do not depend on an index or rate, including those that depend on the Company’s performance or use of the underlying asset, are also expensed as incurred. Lease expense for operating lease payments is recognized on a straight-line basis over the lease term.
Total lease cost consists of the following:
Three Months EndedSix Months Ended
Lease CostClassificationJune 30, 2026June 30, 2025June 30, 2026June 30, 2025
Finance lease costs: 
Amortization of finance lease assetsDepreciation and amortization$625 $602 $1,246 $1,152 
Interest on lease liabilitiesInterest expense124 152 255 302 
$749 $754 $1,501 $1,454 
Operating lease costs:
Operating lease costsRent expense$5,596 $5,759 $11,214 $11,528 
Variable lease costRent expense715 544 1,236 947 
Short-term lease costRent expense47 51 95 96 
$6,358 $6,354 $12,545 $12,571 
Additional information related to leases is as follows:
Six Months Ended
Other InformationJune 30, 2026June 30, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases$1,433 $1,323 
Operating cash flows from finance leases255 302 
Operating cash flows from operating leases12,718 12,804 
Right of use assets obtained in exchange for new lease obligations:
Finance lease liabilities125 757 
Operating lease liabilities4,588 1,261 
June 30, 2026December 31, 2025
Finance leases:
Property and equipment – gross$30,723 $30,675 
Accumulated depreciation and amortization(22,520)(21,350)
Property and equipment - net$8,203 $9,325 
Remaining lease terms and discount rates are as follows:
Lease Term and Discount RateJune 30, 2026December 31, 2025
Weighted-average remaining lease terms:
Finance leases5 years5 years
Operating leases10 years10 years
Weighted-average discount rates:
Finance leases4.75 %4.76 %
Operating leases4.83 %4.80 %
Deferred rent payments of approximately $393 for the Company’s operating leases have been included in the total operating lease obligations as of June 30, 2026, none of which is included in long-term operating lease obligations.