Leases (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Leases [Abstract] |
|
| Summary of Components of Lease Expense |
The components of lease expense were as follows:
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For the Three Months Ended June 30, |
|
Description |
Statement of Operations Location |
|
2026 |
|
|
2025 |
|
Operating lease cost |
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|
|
|
|
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|
Lease cost |
Selling, general and administrative expense |
|
$ |
3,185 |
|
|
$ |
3,098 |
|
Variable lease cost |
Selling, general and administrative expense |
|
|
957 |
|
|
|
791 |
|
Total operating lease cost |
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|
$ |
4,142 |
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|
$ |
3,889 |
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Finance lease cost |
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Amortization of ROU assets |
Depreciation and amortization |
|
$ |
2,656 |
|
|
$ |
2,208 |
|
Interest on lease liabilities |
Interest expense, net |
|
|
492 |
|
|
|
318 |
|
Total finance lease cost |
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|
$ |
3,148 |
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|
$ |
2,526 |
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Total lease cost |
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|
$ |
7,290 |
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|
$ |
6,415 |
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For the Six Months Ended June 30, |
|
Description |
Statement of Operations Location |
|
2026 |
|
|
2025 |
|
Operating lease cost |
|
|
|
|
|
|
|
Lease cost |
Selling, general and administrative expense |
|
$ |
6,333 |
|
|
$ |
6,235 |
|
Variable lease cost |
Selling, general and administrative expense |
|
|
1,756 |
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|
|
1,590 |
|
Total operating lease cost |
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|
$ |
8,089 |
|
|
$ |
7,825 |
|
|
|
|
|
|
|
|
|
Finance lease cost |
|
|
|
|
|
|
|
Amortization of ROU assets |
Depreciation and amortization |
|
$ |
5,236 |
|
|
$ |
3,959 |
|
Interest on lease liabilities |
Interest expense, net |
|
|
1,075 |
|
|
|
577 |
|
Total finance lease cost |
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|
$ |
6,311 |
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|
$ |
4,536 |
|
Total lease cost |
|
|
$ |
14,400 |
|
|
$ |
12,361 |
|
|
| Summary of Supplemental Cash Flow Information Related To Leases |
Supplemental cash flows information related to leases was as follows:
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For the Six Months Ended June 30, |
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|
2026 |
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|
2025 |
|
Cash paid for amounts included in the measurement of lease liabilities: |
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Operating cash flows used in operating leases |
|
$ |
6,566 |
|
|
$ |
7,019 |
|
Operating cash flows used for interest related to finance leases |
|
|
1,073 |
|
|
|
498 |
|
Financing cash flows used in finance leases |
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|
3,323 |
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|
|
2,751 |
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Lease liabilities arising from new ROU assets: |
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|
|
|
|
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Operating leases |
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|
7,053 |
|
|
|
3,659 |
|
Finance leases |
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|
2,195 |
|
|
|
4,647 |
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| Summary of Weighted Average Remaining Lease Terms and Weighted Average Discount Rates |
Weighted average remaining lease terms and weighted average discount rates were:
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June 30, 2026 |
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Operating Leases |
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|
Finance Leases |
|
Weighted average remaining lease term (years) |
|
|
4.7 |
|
|
|
9.3 |
|
Weighted average discount rate |
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|
5.2 |
% |
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|
6.7 |
% |
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|
June 30, 2025 |
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|
Operating Leases |
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|
Finance Leases |
|
Weighted average remaining lease term (years) |
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|
4.3 |
|
|
|
3.6 |
|
Weighted average discount rate |
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|
4.9 |
% |
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|
6.6 |
% |
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| Schedule of Maturities of Lease Liabilities |
The following is a schedule by year of the maturities of lease liabilities with original terms in excess of one year:
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Operating Leases |
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Finance Leases |
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Remainder of 2026 |
|
$ |
6,617 |
|
|
$ |
4,414 |
|
2027 |
|
|
11,555 |
|
|
|
7,615 |
|
2028 |
|
|
9,403 |
|
|
|
5,887 |
|
2029 |
|
|
7,316 |
|
|
|
4,232 |
|
2030 |
|
|
3,883 |
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|
|
2,368 |
|
2031 and thereafter |
|
|
6,555 |
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|
|
17,744 |
|
Total undiscounted future minimum lease payments |
|
$ |
45,329 |
|
|
$ |
42,260 |
|
Less imputed interest |
|
|
(5,559 |
) |
|
|
(12,448 |
) |
Total discounted future minimum lease payments |
|
$ |
39,770 |
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|
$ |
29,812 |
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