v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of leased assets and liabilities
ROU assets and lease liabilities as of June 30, 2026 and December 31, 2025 consisted of the following:
As of
June 30, 2026December 31, 2025
Finance LeasesOperating LeasesFinance LeasesOperating Leases
ROU assets:
ROU assets, gross$203,468 $190,651 $186,943 $178,904 
Accumulated amortization(95,554)(69,135)(89,344)(65,630)
Total ROU assets, net$107,914 $121,516 $97,599 $113,274 
Lease liabilities:
Lease liabilities - current$15,228 $20,366 $11,684 $19,837 
Lease liabilities - net of current152,453 109,622 144,446 102,346 
Total lease liabilities$167,681 $129,988 $156,130 $122,183 
Schedule of components of lease cost
The components of the Company's lease expenses for the three and six months ended June 30, 2026 and 2025 were as follows:
Three months ended June 30,Six months ended June 30,
2026202520262025
Finance lease expense:
Amortization of ROU assets
Cost of goods sold$1,756 $1,662 $3,440 $3,362 
Operating expenses1,600 1,400 3,035 2,707 
Total amortization of ROU assets3,356 3,062 6,475 6,069 
Interest on finance lease liabilities4,249 4,438 8,497 8,887 
Total finance lease expense7,605 7,500 14,972 14,956 
Operating lease expense(1)
8,299 8,834 16,298 16,210 
Short-term lease expense374686 1,156 1,630 
Total lease expense$16,278 $17,020 $32,426 $32,796 
(1) Includes $0.1 million and $0.2 million of sublease income as a net reduction of rent expense for the three and six months ended June 30, 2026, respectively and less than $0.1 million for the three and six months ended June 30, 2025.
Schedule of other information related to operating and finance leases
Cash flows associated with the Company's leasing arrangements for the six months ended June 30, 2026 and 2025 were as follows:
Six months ended June 30,
20262025
Cash flows from operating activities:
Operating cash flows from operating leases$(16,259)$(15,374)
Operating cash flows from finance leases(8,497)(8,887)
Cash flows from financing activities:
Financing cash flows from finance leases(6,031)(4,952)
Net cash flows from leasing arrangements$(30,787)$(29,213)
As of June 30, 2026 and December 31, 2025, the weighted average remaining lease terms and weighted average discount rates of the Company's leasing arrangements were as follows:
As of
June 30, 2026December 31, 2025
Weighted average remaining lease term (in years) - finance leases8.410.0
Weighted average remaining lease term (in years) - operating leases6.46.3
Weighted average discount rate - finance leases10.6 %11.2 %
Weighted average discount rate - operating leases10.3 %10.9 %
Schedule of future minimum payments due under non-cancelable operating leases
As of June 30, 2026, maturities of the Company's lease liabilities under its non-cancelable leases were as follows:
Fiscal YearOperating LeasesFinance Leases
2026 (six months remaining)$15,897 $15,870 
202732,131 32,533 
202830,067 32,150 
202926,410 32,201 
203021,976 31,694 
2031 and thereafter53,018 124,038 
Total undiscounted remaining minimum lease payments179,499 268,486 
Less: imputed interest(49,511)(100,805)
Total discounted remaining minimum lease payments$129,988 $167,681 
Schedule of future minimum payments due under non-cancelable finance leases
As of June 30, 2026, maturities of the Company's lease liabilities under its non-cancelable leases were as follows:
Fiscal YearOperating LeasesFinance Leases
2026 (six months remaining)$15,897 $15,870 
202732,131 32,533 
202830,067 32,150 
202926,410 32,201 
203021,976 31,694 
2031 and thereafter53,018 124,038 
Total undiscounted remaining minimum lease payments179,499 268,486 
Less: imputed interest(49,511)(100,805)
Total discounted remaining minimum lease payments$129,988 $167,681