v3.26.1
Leases
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
We lease real estate space under non-cancelable operating lease agreements for commercial and industrial space. Facilities-related operating leases have remaining terms of 0.2 to 8.9 years, and some leases include options to extend up to 10 years. Other leases for automobiles, manufacturing and office and computer equipment have remaining lease terms of 0.2 to 4.5 years. These leases are primarily operating leases; financing leases are not material. We did not include any renewal options in our lease terms for calculating the lease liabilities as we are not reasonably certain we will exercise the options at this time. The weighted-average remaining lease term for the lease obligations was 6 years as of June 30, 2026, and the weighted-average discount rate was 5.0%.

The components of lease expense related to operating leases were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Lease expense:
Operating lease expense$859 $763 $1,941 $1,579 
Short-term lease expense120 73 257 117 
Variable and other lease expense306 286 642 559 
$1,285 $1,122 $2,840 $2,255 

Future minimum payments under our non-cancelable lease obligations were as follows as of June 30, 2026 (in thousands):
2026$1,813 
20273,252 
20282,776 
20291,925 
20301,966 
Thereafter5,608 
Total minimum lease payments17,340 
Less: interest(2,497)
Present value of net minimum lease payments14,843 
Less: current portion of lease liabilities(2,787)
Total long-term lease liabilities$12,056