v3.26.1
Leases
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases

Note 9. Leases

The Company leases office space, warehouse and manufacturing space, and equipment. The Companys lease agreements have remaining lease terms of 3 to 11 years, and some of these leases have renewal and termination options exercisable at the

Company’s election. Terms and conditions to extend or terminate such leases are recognized as part of the right-of-use assets and lease liabilities where reasonably certain to be exercised. All of the Companys leases are operating leases.

The components of lease expense and other information related to leases were as follows (in thousands):
 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease expense

 

$

669

 

 

$

684

 

 

$

1,338

 

 

$

1,369

 

Variable lease expense

 

 

112

 

 

 

113

 

 

 

224

 

 

 

227

 

Total lease expense

 

$

781

 

 

$

797

 

 

$

1,562

 

 

$

1,596

 

Cash paid for amounts included in the measurement of the lease liabilities was $0.6 million and $1.3 million for the three and six months ended June 30, 2026, respectively, and cash paid for amounts included in the measurement of the lease liabilities was $0.6 million and $1.3 million for the three and six months ended June 30, 2025, respectively. The weighted-average discount rate was 5.1% and the weighted-average remaining lease term was 6.8 years as of June 30, 2026.

Maturities of operating lease liabilities at June 30, 2026, were as follows (in thousands):

 

 

 

Amount

 

Remainder of 2026

 

$

1,292

 

2027

 

 

2,644

 

2028

 

 

2,697

 

2029

 

 

2,694

 

2030

 

 

2,495

 

Thereafter

 

 

5,217

 

Total lease payments

 

 

17,039

 

Less: imputed interest

 

 

(2,849

)

Present value of lease liabilities

 

 

14,190

 

Less: current portion

 

 

(1,958

)

Lease liabilities less current portion

 

$

12,232