The balance sheet presentation of the Company’s operating and finance leases as of June 30, 2026, December 31, 2025, and June 30, 2025, was as follows:


(in thousands)	Classification on the Condensed Consolidated Balance Sheets	June 30, 2026		December 31, 2025		June 30, 2025
Assets:
Operating lease right-of-use assets	Operating lease right-of-use assets	$	9,288	$	26,297	$	27,191
Finance lease right-of-use assets, net	Property and equipment, net		40,157		52,488		54,184
Total lease right-of-use assets		$	49,445	$	78,785	$	81,375

Liabilities:
Current:
Operating lease obligations	Other current liabilities	$	1,641	$	3,352	$	3,771
Finance lease obligations	Other current liabilities		455		1,259		1,009
Noncurrent:
Operating lease obligations	Long-term operating lease obligations		6,884		35,339		35,996
Finance lease obligations	Long-term debt and finance lease obligations		44,973		58,571		59,179
Total lease liabilities		$	53,953	$	98,521	$	99,955

The components of lease expense for the three and six months ended June 30, 2026 and 2025, consisted of the following:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2026		2025		2026		2025
Finance lease cost:
Amortization of right-of-use assets	$	284	$	503	$	631	$	986
Interest on lease liabilities		1,335		1,337		2,697		2,666
Operating lease cost		1,233		1,747		2,618		3,394
Short-term lease cost		898		775		1,485		1,261
Variable lease cost		67		30		135		60
Total lease cost, net	$	3,817	$	4,392	$	7,566	$	8,367

Other information related to operating and finance leases for the three and six months ended June 30, 2026 and 2025, consisted of the following:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2026		2025		2026		2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,954	$	1,814	$	3,773	$	3,496
Operating cash flows from finance leases	$	1,781	$	1,599	$	3,113	$	3,119
Financing cash flows from finance leases	$	466	$	239	$	725	$	460
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	417	$	418	$	2,258	$	2,139

The weighted-average remaining lease terms and discount rates for operating and finance leases as of June 30, 2026, December 31, 2025, and June 30, 2025, were:


	June 30, 2026			December 31, 2025			June 30, 2025
Weighted-average remaining lease term (years):
Operating leases		8.3			9.9			10.2
Finance leases		39.7			33.8			33.9
Weighted-average discount rate:
Operating leases		7.1	%		7.3	%		7.3	%
Finance leases		9.2	%		9.2	%		9.2	%

As of June 30, 2026, the estimated future minimum lease payments under non-cancellable leases, excluding variable leases and variable non-lease components, included:


(in thousands)	Operating Leases			Finance Leases			Total
Remainder of 2026	$	1,714		$	2,168		$	3,882
2027		1,803			4,336			6,139
2028		1,496			4,336			5,832
2029		1,365			4,336			5,701
2030		1,159			4,336			5,495
Thereafter		4,161			149,402			153,563
Total future lease payments		11,698			168,914			180,612
Less: Amount representing interest		(3,173	)		(123,486	)		(126,659	)
Present value of minimum lease payments		8,525			45,428			53,953
Current portion		(1,641	)		(455	)		(2,096	)
Long-term portion	$	6,884		$	44,973		$	51,857

As of June 30, 2026, the estimated future minimum rental income under non-cancellable leases, which includes rental income from facilities that the Company owns, included:


(in thousands)
Remainder of 2026	$	1,022
2027		1,530
2028		1,216
2029		991
2030		859
Thereafter		849
Total minimum rental income	$	6,467