Leases (Tables)

6 Months Ended

Jun. 30, 2026

A summary of the Company's lease portfolio as of June 30, 2026, and December 31, 2025, is presented in the table below:


(U.S. Dollars, in thousands)	Classification	June 30, 2026		December 31, 2025
		(Unaudited)
Assets
Operating leases	Other long-term assets	$	20,918	$	22,279
Finance leases	Property, plant, and equipment, net		9,292		14,442
Total lease assets		$	30,210	$	36,721

Liabilities
Current
Operating leases	Other current liabilities	$	3,061	$	3,147
Finance leases	Current portion of finance lease liability		125		837
Long-term
Operating leases	Other long-term liabilities		24,220		25,413
Finance leases	Long-term portion of finance lease liability		12,903		17,060
Total lease liabilities		$	40,309	$	46,457

The Company entered into an amendment for its corporate headquarters location in Lewisville, Texas in January 2026, extending the contractual term of its lease to 2040, while also maintaining its existing lease term extension options within the agreement. Accordingly, the Company reassessed the lease classification and remeasured the lease liability based on the terms of the amendment. This resulted in a decrease in the recognized finance lease liability and finance lease right-of-use asset of approximately $4.8 million, respectively, with this decrease largely driven by an increase in the Company incremental borrowing rate.

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:


	Six Months Ended June 30,
(Unaudited, U.S. Dollars, in thousands)	2026		2025
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	4,309	$	4,407
Operating cash flows from finance leases		735		401
Financing cash flows from finance leases		56		375
ROU assets obtained in exchange for lease obligations
Operating leases		256		11,690
Finance leases		—		28