v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Components of Lease Expense
The components of lease expense were as follows (in thousands):
For the three months ended June 30,For the six months ended June 30,
2026202520262025
Operating lease expense:
Operating lease expense(1)
$1,689 $1,792 $3,474 $3,584 
Sublease income(501)(501)(1,003)(1,003)
Total lease expense, net$1,188 $1,291 $2,471 $2,581 
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(1)     Represents the straight-line lease expense of operating leases, inclusive of amortization of ROU assets and the interest component of operating lease liabilities.
Schedule of Assets and Liabilities, Lessee
The following tables set forth the amount of lease assets and lease liabilities included in the Company’s condensed consolidated balance sheets (in thousands):

AssetsFinancial Statement Line ItemJune 30, 2026
Operating lease assetsOperating lease right-of-use asset$8,074 
Total lease assets$8,074 
Liabilities
Current
Operating lease liabilitiesAccrued expenses$7,304 
Non-current
Operating lease liabilitiesOperating lease liabilities, net of current portion2,204 
Total lease liabilities$9,508 

Supplemental information related to the Company’s leases for the six months ended June 30, 2026 was as follows:

Weighted-average remaining lease term (in years)
   Operating leases1.5
Weighted-average discount rate
Operating leases2.53 %
Cash paid for amounts included in the measurement of lease liabilities (in thousands)
   Operating cash flows used in operating leases$2,307