v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Lease Cost Recognized in both Cost of Sale and Operating Expenses

Lease cost is recognized in both the Cost of Sales and Operating Expenses sections of the Condensed Consolidated Statements of Income.

 

(In thousands)

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Lease Cost

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

4,771

 

 

$

4,801

 

 

$

9,393

 

 

$

9,563

 

Short-term lease cost

 

 

2,270

 

 

 

2,796

 

 

 

4,972

 

 

 

5,314

 

Variable lease cost

 

 

274

 

 

 

393

 

 

 

615

 

 

 

768

 

Total lease cost

 

$

7,315

 

 

$

7,990

 

 

$

14,980

 

 

$

15,645

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the
   measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flow from operating
   leases

 

$

4,729

 

 

$

4,801

 

 

$

9,305

 

 

$

9,577

 

Right-of-use assets obtained in
  exchange for new operating lease
  liabilities

 

 

886

 

 

 

38

 

 

 

1,202

 

 

 

260

 
Schedule of Maturities of Lease Liabilities

The following table outlines the maturities of lease liabilities as of June 30, 2026.

 

(In thousands)

 

 

 

Undiscounted Cash Flows:

 

 

 

2026 (excluding the six months ended June 30, 2026)

 

$

9,197

 

2027

 

 

14,181

 

2028

 

 

9,820

 

2029

 

 

8,617

 

2030

 

 

7,193

 

Subsequent to 2030

 

 

17,619

 

Total Undiscounted Cash Flows

 

$

66,627

 

Less: Imputed interest

 

 

(6,632

)

Present value

 

$

59,995

 

Current operating lease liabilities (1)

 

 

14,967

 

Non-current operating lease liabilities

 

 

45,028

 

Total lease liabilities

 

$

59,995

 
(1)
This item is included in the Accrued liabilities line on the Company’s Condensed Consolidated Balance Sheet.
Schedule of Operating Leases Weighted Average, Remaining Lease Term and Discount Rate

Weighted-average remaining lease term-operating leases

 

6 Years

 

Weighted-average discount rate-operating leases

 

 

3.9

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