v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Components of Lease Expense and Other Information

The components of lease expense and other information are as follows (in thousands):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Consolidated Statements of Operations:

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease expense

 

$

4,294

 

 

$

4,168

 

 

$

8,769

 

 

$

8,346

 

Short-term lease expense

 

 

470

 

 

 

392

 

 

 

881

 

 

 

881

 

Variable lease expense

 

 

481

 

 

 

378

 

 

 

960

 

 

 

859

 

Total lease expense

 

$

5,245

 

 

$

4,938

 

 

$

10,610

 

 

$

10,086

 

Consolidated Statements of Cash Flows:

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows - operating leases payments

 

$

5,184

 

 

$

4,689

 

 

$

9,615

 

 

$

8,895

 

Right of use assets obtained in exchange for
operating lease liabilities

 

$

1,725

 

 

$

721

 

 

$

6,079

 

 

$

4,876

 

Other information:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases

 

7.73 years

 

 

8.36 years

 

 

7.73 years

 

 

8.36 years

 

Weighted-average discount rate - operating leases

 

 

5.46

%

 

 

5.47

%

 

 

5.46

%

 

 

5.47

%
Schedule of Undiscounted Cash Flows for Non-cancellable Leases

Scheduled undiscounted lease payments for non-cancellable operating leases consist of the following (in thousands):

 

 

June 30, 2026

 

 

 

Operating Leases

 

Remainder of 2026

 

$

7,456

 

2027

 

 

12,643

 

2028

 

 

9,959

 

2029

 

 

6,501

 

2030

 

 

4,571

 

Thereafter

 

 

22,922

 

Total undiscounted lease payments

 

 

64,052

 

Less: Imputed interest

 

 

(12,798

)

Total operating lease liabilities

 

$

51,254