v3.26.1
10-Q Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of leased assets and liabilities
ROU assets and lease liabilities as of December 31, 2025 and 2024 consisted of the following:
As of
2025
2024
Operating leases
Finance leases
Operating leases
Finance leases
ROU assets:
ROU assets, gross
$
178,904 
$
186,943 
$
166,004 
$
183,968 
Accumulated amortization
(65,630)
(89,344)
(50,175)
(78,800)
Total ROU assets, net
$
113,274 
$
97,599 
$
115,829 
$
105,168 
Lease liabilities:
Lease liabilities - current
$
19,837 
$
11,684 
$
17,333 
$
10,995 
Lease liabilities - net of current
102,346 
144,446 
106,192 
150,683 
Total lease liabilities
$
122,183 
$
156,130 
$
123,525 
$
161,678 
Schedule of components of lease cost
The components of the Company’s lease expenses for the years ended December 31, 2025, 2024 and 2023 were as follows:
Years Ended December 31,
Finance lease expense:
2025
2024
2023
Amortization of ROU assets:
Cost of goods sold
$
6,686 
$
10,257 
$
10,589 
Operating expenses
5,599 
28,787 
4,817 
Total amortization of ROU assets
12,285 
39,044 
15,406 
Interest on finance lease liabilities
17,626 
17,537 
18,265 
Total finance lease expense
29,911 
56,581 
33,671 
Operating lease expense(1)
32,092 
30,446 
28,812 
Short-term lease expense
2,467 
2,589 
2,282 
Total lease expense
$
64,470 
$
89,616 
$
64,765 
(1) Includes $0.1 million, $0.1 million and $0.2 million of sublease income as a net reduction of rent expense for the years ended December 31, 2025, 2024 and 2023, respectively.
Schedule of other information related to operating and finance leases
Cash flows associated with the Company’s leasing arrangements for the years ended December 31, 2025, 2024 and 2023 were as follows:
Years Ended December 31,
2025
2024
2023
Cash flows from operating activities:
Operating cash flows from operating leases
$
(31,083)
$
(29,920)
$
(29,352)
Operating cash flows from finance leases
(17,626)
(17,537)
(18,265)
Cash flows from financing activities:
Financing cash flows from finance leases
(10,230)
(9,445)
(8,474)
Net cash flows from leasing arrangements
$
(58,939)
$
(56,902)
$
(56,091)
As of December 31, 2025 and 2024, the weighted average remaining lease terms and weighted average discount rates of the Company’s leasing arrangements were as follows:
As of December 31,
2025
2024
Weighted average remaining lease term (in years) - finance leases
10.0
9.2
Weighted average remaining lease term (in years) - operating leases
6.3
6.2
Weighted average discount rate - finance leases
11.2 
%
11.2 
%
Weighted average discount rate - operating leases
10.9 
%
11.0 
%
Schedule of future minimum payments due under non-cancelable operating leases
As of December 31, 2025, maturities of the Company’s lease liabilities, under its non-cancelable leases were as follows:
Fiscal Year
Operating Leases
Finance Leases
2026
$
31,834 
$
28,446 
2027
30,269 
28,967 
2028
26,839 
28,309 
2029
22,768 
28,181 
2030
18,574 
27,819 
2031 and thereafter
40,445 
145,127 
Total undiscounted remaining minimum lease payments
170,729 
286,849 
Less: imputed interest
(48,546)
(130,719)
Total discounted remaining minimum lease payments
$
122,183 
$
156,130 
Schedule of future minimum payments due under non-cancelable finance leases
As of December 31, 2025, maturities of the Company’s lease liabilities, under its non-cancelable leases were as follows:
Fiscal Year
Operating Leases
Finance Leases
2026
$
31,834 
$
28,446 
2027
30,269 
28,967 
2028
26,839 
28,309 
2029
22,768 
28,181 
2030
18,574 
27,819 
2031 and thereafter
40,445 
145,127 
Total undiscounted remaining minimum lease payments
170,729 
286,849 
Less: imputed interest
(48,546)
(130,719)
Total discounted remaining minimum lease payments
$
122,183 
$
156,130