The Company has lease arrangements for certain administrative, manufacturing and warehousing facilities and equipment. Lease expiration dates, including expected renewal options, range from May 2027 to November 2033, with the weighted average remaining term being 5.5 years. The discount rates used to calculate the present value of lease payments range from 1.3% to 6.6% as of June 30, 2026. All leases are classified as operating leases.





		June 30, 2026		December 31, 2025
		(in thousands)
Right-of-use assets	Right of use assets	$	16,190	$	17,988
Current lease liability	Accrued liabilities	3,385		3,262
Noncurrent lease liability	Other long-term liabilities	13,699		15,529

Since 2018, the Company has leased the manufacturing, engineering and office space used by our operations in Parkville, Missouri. The lease term is through January 2029. In May 2025, the Company added approximately 17,000 additional square feet and extended the lease term through April 2033. Additionally, in May 2025, the Company added approximately 22,300 square feet with a lease term through April 2030. The Company’s total leased space in Parkville, Missouri is approximately 125,300 square feet.

In November 2022, the Company entered into a lease arrangement for additional storage facilities in Tulsa, Oklahoma to support our operations. The lease added an additional 198,000 square feet to our operations. In January 2024, we amended the lease for an additional 157,550 square feet for operations and parts distribution. The amended lease term will expire January 2029.

In July 2023, the Company entered into a lease agreement with a start date of September 2023 for land and approximately 72,000 square feet of facilities in Redmond, Oregon to support our manufacturing operations. The lease term will expire November 2033 with additional renewal options.

We also lease six properties near our Redmond location. In the aggregate, these leases contain approximately 83,000 square feet of additional warehouse space, office space, as well as outside storage. These leases have expiring terms from May 2027 to October 2030.

In October 2025, the Company entered into a lease agreement in Bend, OR with a start date of November 2025, for approximately 34,000 square feet of additional warehouse and office space. The lease term will expire October 2030.

Subsequent to June 30, 2026, the Company entered into an operating lease agreement for office space in Tulsa, OK with a total lease term of 6 years. Initial undiscounted lease payments over the term under the agreement total approximately $3.7 million. The lease commenced July 2026, at which the Company recorded a right-of-use asset and corresponding lease liability on the Consolidated Balance Sheet.


	(in thousands)
2026	$	2,144
2027	4,248
2028	4,103
2029	2,477
2030	2,225
Thereafter	5,013
Total minimum lease obligations	$	20,210
Less: present value of minimum lease payments	3,126
Less: current portion	3,385
Lease obligations, long-term	$	13,699