Leases (Tables)

6 Months Ended

Jun. 30, 2026

Supplemental Balance Sheet Information about Leases of Lessee

Supplemental balance sheet information related to the Company's leases are shown below (dollars in thousands):


	Balance Sheet Location	June 30, 2026		December 31, 2025
Assets
Operating leases	Operating 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 leases	Lease liabilities, current portion	$	7,230	$	3,480
Finance leases	Lease liabilities, current portion	780		620
Long-term:
Operating leases	Lease liabilities	32,600		31,080
Finance leases	Lease liabilities	270		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.

Lease, Cost [Table Text Block]

The components of lease expense are as follows (dollars in thousands):


		Three months ended June 30,				Six months ended June 30,
	Statement of Income Location	2026		2025		2026		2025
Operating lease cost	Cost of sales and Selling, general and administrative expenses	$	2,210	$	2,110	$	4,310	$	4,040
Finance lease cost:
Depreciation of lease assets	Cost of sales	60		70		120		130
Interest on lease liabilities	Interest expense	10		10		20		20
Short-term, variable and other lease costs	Cost of sales and Selling, general and administrative expenses	860		860		1,980		1,730
Total lease cost		$	3,140	$	3,050	$	6,430	$	5,920

Lessee, Lease Liability, Maturity

Maturities of lease liabilities are as follows (dollars in thousands):


Year ended December 31,	Operating Leases		Finance Leases
2026 (excluding the six months ended June 30, 2026)	$	4,530	$	360
2027	8,520		750
2028	8,020		—
2029	6,860		—
2030	5,680		—
Thereafter	8,980		—
Total lease payments	42,590		1,110
Less: Imputed interest	(2,760)		(60)
Present value of lease liabilities	$	39,830	$	1,050

Supplemental Cash Flow Information Related to Leases

Other information related to the Company's leases are as follows (dollars in thousands):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
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 leases	10		10		20		20
Financing cash flows from finance leases	140		120		270		240
Lease assets obtained in exchange for new lease liabilities:
Operating leases	—		910		8,570		4,250