v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Components of Lease Expense and Supplemental Cash Flow Information
The components of lease expense and supplemental cash flow information related to leases for the periods indicated are as follows:
Year ended December 31,
(in thousands)202520242023
Lease cost
Finance lease cost
Amortization of right-of-use assets$16 $16 $39 
Interest on lease liabilities2 2 11 
Total finance lease cost18 18 50 
Operating lease cost17,105 13,145 9,916 
Short-term lease cost— 237 339 
Variable lease cost2,157 1,407 1,525 
Total lease cost$19,280 $14,807 $11,830 
The following table presents supplemental cash flow and other information related to our leases:
(dollars in thousands)December 31, 2025December 31, 2024December 31, 2023
Other information
Cash paid for amounts included in the measurement of lease liabilities$12,909 $10,172 $7,975 
Operating cash flows from finance leases$(2)$(2)$(11)
Operating cash flows from operating leases$(12,891)$(10,154)$(7,908)
Financing cash flows from finance leases$(16)$(16)$(56)
ROU assets obtained in exchange for new and modified finance lease liabilities$— $— $88 
ROU assets obtained in exchange for new and modified operating lease liabilities$5,501 $91,313 $10,091 
Weighted average remaining lease term – finance leases
1.2 years
2.2 years
3.2 years
Weighted average remaining lease term – operating leases
33.3 years
32.4 years
28.3 years
Weighted average discount rate – finance leases5.69 %5.69 %5.69 %
Weighted average discount rate – operating leases6.40 %6.41 %6.61 %
Schedule of Supplemental Balance Sheet Information
The supplemental balance sheet information related to leases for the periods indicated are as follows:
(in thousands)December 31, 2025December 31, 2024
Operating leases
Operating lease assets$164,332 $195,024 
Operating lease liabilities, current(1,416)(2,074)
Operating lease liabilities, noncurrent(173,103)(196,911)
Total operating lease liabilities$(174,519)$(198,985)
Finance leases
Property, plant and equipment, at cost$65 $65 
Accumulated depreciation(46)(30)
Property, plant and equipment, net19 35 
Other current liabilities(17)(16)
Other long-term liabilities(3)(20)
Total finance lease liabilities$(20)$(36)
Schedule of Maturity of Finance Lease
Maturities of the Company’s lease liabilities for each of the next five years and thereafter are as follows:
(in thousands)
Year ended December 31,Operating LeasesFinance Leases
2026$10,822 $18 
202713,733 3 
202810,980 — 
202911,363 — 
203011,476 — 
Thereafter410,823 — 
Total lease payments469,197 21 
Less: Imputed interest(294,678)(1)
Present value of lease liabilities$174,519 $20 
Maturities of the Company’s ASC 842 lease liabilities for each of the next five years and thereafter are as follows:
(in thousands)
Period ended March 31,Operating LeasesFinance Leases
2026-2027$10,899 $17 
2027-202813,787 — 
2028-202911,045 — 
2029-203011,436 — 
2030-203111,563 — 
Thereafter406,146 — 
Total lease payments464,876 17 
Less: Imputed interest(291,923)— 
Present value of lease liabilities$172,953 $17 
Schedule of Maturity of Operating Lease
Maturities of the Company’s lease liabilities for each of the next five years and thereafter are as follows:
(in thousands)
Year ended December 31,Operating LeasesFinance Leases
2026$10,822 $18 
202713,733 3 
202810,980 — 
202911,363 — 
203011,476 — 
Thereafter410,823 — 
Total lease payments469,197 21 
Less: Imputed interest(294,678)(1)
Present value of lease liabilities$174,519 $20 
Maturities of the Company’s ASC 842 lease liabilities for each of the next five years and thereafter are as follows:
(in thousands)
Period ended March 31,Operating LeasesFinance Leases
2026-2027$10,899 $17 
2027-202813,787 — 
2028-202911,045 — 
2029-203011,436 — 
2030-203111,563 — 
Thereafter406,146 — 
Total lease payments464,876 17 
Less: Imputed interest(291,923)— 
Present value of lease liabilities$172,953 $17