v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Components of Operating Lease Expense

Components of operating lease expense were as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Operating lease cost

 

$

2,123

 

 

$

2,278

 

 

$

4,346

 

 

$

4,512

 

Short-term lease cost

 

 

240

 

 

 

243

 

 

 

476

 

 

 

491

 

Variable lease cost

 

 

450

 

 

 

303

 

 

 

856

 

 

 

602

 

Total operating lease cost

 

$

2,813

 

 

$

2,824

 

 

$

5,678

 

 

$

5,605

 
Supplementary Cash Flow Information Related to Operating Leases

Supplementary cash flow information related to operating leases was as follows:

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Cash paid for operating leases

 

$

4,572

 

 

$

4,581

 

Operating lease right-of-use assets obtained in exchange for operating lease liabilities

 

$

6,163

 

 

$

3,774

 
Summary of Minimum Lease Payments Under Operating Leases

As of June 30, 2026, the weighted-average discount rate is 4.8% and the weighted-average remaining term is 3.9 years. Maturities of the Company’s operating lease liabilities as of June 30, 2026 were as follows:

 

 

June 30, 2026

 

 

 

(in thousands)

 

Year Ending December 31,

 

 

 

2026 (Remainder)

 

$

2,303

 

2027

 

 

4,254

 

2028

 

 

3,889

 

2029

 

 

2,856

 

2030

 

 

2,942

 

Thereafter

 

 

1,003

 

Total operating lease payments

 

 

17,247

 

Less: imputed interest

 

 

(2,678

)

Total operating lease liabilities

 

$

14,569