Leases

6 Months Ended

Jun. 30, 2026

We lease office space under operating leases that expire between the fourth quarter of 2026 and the second quarter of 2034. The terms of the leases provide for rental payments on a graduated scale, options to renew the leases (one to five years), landlord incentives or allowances, and periods of free rent. We subleased portions of our corporate headquarters to various sublessees with subleases commencing at various dates between 2021 and 2026.

Components of lease expense (income) are summarized as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(unaudited)				(unaudited)
Operating lease expense	$	575	$	787	$	1,158	$	1,556
Short-term lease expense	20		164		61		319
Sublease income	(535)		(519)		(1,093)		(1,019)
Total	$	60	$	432	$	126	$	856

We also incur immaterial variable costs related to our leased office space, such as maintenance and utilities based on actual usage, which are not included in the measurement of right-of-use assets and lease liabilities, but are expensed as incurred.

During the six months ended June 30, 2026, and 2025, we did not identify asset impairment indicators for our corporate office spaces designated for subleasing, and therefore did not recognize any impairment charges.