v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Summary of Operating Leases, Including Lease Costs, Lease Terms, Discount Rates and Supplemental Cash Flow Information
The following table provides information on the Company's lease costs for operating leases:
Three months ended June 30, Six months ended June 30,
2026202520262025
(In thousands)
Lease costs:
Operating lease cost
$11,095 $9,438 $21,976 $17,996 
Variable lease cost
430 406 838 741 
Short-term lease cost
37,237 24,845 66,362 48,531 
Total lease costs
$48,762 $34,689 $89,176 $67,268 
The following is summary information of lease terms and discount rates for operating leases as of:
June 30, 2026December 31, 2025
Weighted average remaining lease term (in years)
1.10 years
1.15 years
Weighted average discount rate (in percentages)
5.14 %5.43 %
The following is a summary of other information and supplemental cash flow information related to operating leases:
Six months ended June 30,
20262025
(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating lease liabilities
$21,666 $17,712 
Right-of-use assets obtained in exchange for new operating lease liabilities
$18,567 $22,876 
Reconciliation of Future Undiscounted Cash Flows to Operating Lease Liabilities
The reconciliation of future undiscounted cash flows to operating lease liabilities, including current portion of operating lease liabilities, presented on the unaudited condensed consolidated balance sheet as of June 30, 2026 was as follows:
June 30, 2026
(In thousands)
Remainder of 2026$20,580 
202731,880 
202819,828 
202910,598 
20305,523 
Thereafter9,851 
Total
98,260 
Less: discount
(8,609)
Total operating lease liabilities
$89,651 
Schedule of Operating Lease Income
The following table provides information on the Company's lease income for operating leases:
Three months ended June 30, Six months ended June 30,
2026202520262025
(In thousands)
Lease income:
Operating lease income
$15,738 $11,848 $29,895 $22,986 
Total lease income
$15,738 $11,848 $29,895 $22,986 
Schedule of the Maturity of Lessor Undiscounted Cash Flows
The following table is a maturity analysis of undiscounted cash flows relating to lease payments expected to be received by the Company as a lessor of operating leases as of:
June 30, 2026
(In thousands)
Remainder of 2026$10,991 
Total lease payments
$10,991 
Components of Certain Equipment Leased to Third Parties Under Operating Leases
Equipment under operating leases, which was included within Property, plant and equipment, net in the unaudited condensed consolidated balance sheets, was as follows as of:
June 30, 2026December 31, 2025
(In thousands)
Machinery and equipment$72,880 $69,152 
Less: accumulated depreciation
(35,210)(32,565)
Property, plant and equipment, net
$37,670 $36,587