v3.26.1
Leases (Notes)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Lessee, Finance and Operating Leases Leases
The majority of the Company's lease obligations are non-cancelable operating leases for certain equipment and facilities. The Company's finance leases are for certain equipment for its operations in The Netherlands. Leases with an initial term of 12 months or less are not recorded on the balance sheet; expense related to these leases is recognized on a straight-line basis over the lease term.
Supplemental balance sheet information related to the Company's leases are shown below (dollars in thousands):
Balance Sheet LocationJune 30, 2026December 31, 2025
Assets
Operating leasesOperating lease right-of-use assets$36,470 $31,800 
Finance leases
Property and equipment, net (a)
1,970 2,150 
Total lease assets$38,440 $33,950 
Liabilities
Current:
Operating leasesLease liabilities, current portion$7,230 $3,480 
Finance leasesLease liabilities, current portion780 620 
Long-term:
Operating leasesLease liabilities32,600 31,080 
Finance leasesLease liabilities270 730 
Total lease liabilities$40,880 $35,910 
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(a)     Finance leases were recorded net of accumulated depreciation of $0.8 million and $0.7 million as of June 30, 2026 and December 31, 2025, respectively.
The components of lease expense are as follows (dollars in thousands):
Three months ended June 30, Six months ended June 30,
Statement of Income Location2026202520262025
Operating lease costCost of sales and Selling, general and administrative expenses$2,210 $2,110 $4,310 $4,040 
Finance lease cost:
Depreciation of lease assetsCost of sales60 70 120 130 
Interest on lease liabilitiesInterest expense10 10 20 20 
Short-term, variable and other lease costsCost of sales and Selling, general and administrative expenses860 860 1,980 1,730 
Total lease cost$3,140 $3,050 $6,430 $5,920 
Maturities of lease liabilities are as follows (dollars in thousands):
Year ended December 31,Operating LeasesFinance Leases
2026 (excluding the six months ended June 30, 2026)$4,530 $360 
20278,520 750 
20288,020 — 
20296,860 — 
20305,680 — 
Thereafter8,980 — 
Total lease payments42,590 1,110 
Less: Imputed interest(2,760)(60)
Present value of lease liabilities$39,830 $1,050 
Other information related to the Company's leases are as follows (dollars in thousands):
Three months ended
June 30, 		Six months ended
June 30,
2026202520262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,770 $2,070 $3,740 $3,730 
Operating cash flows from finance leases10 10 20 20 
Financing cash flows from finance leases140 120 270 240 
Lease assets obtained in exchange for new lease liabilities:
Operating leases— 910 8,570 4,250 
The weighted-average remaining lease term of the Company's operating leases and finance leases as of June 30, 2026 is 5.5 years and 1.1 years, respectively. The weighted-average discount rate for the operating leases and finance leases as of June 30, 2026 is 4.7% and 2.6%, respectively.