v3.26.1
Lease Obligations (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Lease Activity

On a consolidated basis, lease activity for the three and six months ended June 30, 2026 and 2025 were as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Finance lease expense

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of ROU assets

 

$

1,914

 

 

$

1,131

 

 

$

3,743

 

 

$

3,424

 

Interest on lease liabilities

 

 

1,893

 

 

 

1,095

 

 

 

3,731

 

 

 

3,363

 

Operating lease expense

 

 

828

 

 

 

386

 

 

 

1,512

 

 

 

1,065

 

Total

 

$

4,635

 

 

$

2,612

 

 

$

8,986

 

 

$

7,852

 
Schedule of Supplemental Cash Flow Information

On a consolidated basis, supplemental cash flow information for the six months ended June 30, 2026 and 2025 were as follows:

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

Cash paid for amounts included in the measurement of lease liabilities

 

(in thousands except percent and year)

 

Operating cash flows from finance leases

 

$

3,583

 

 

$

3,371

 

Financing cash flows from finance leases

 

$

2,148

 

 

$

1,896

 

Operating cash flows from operating leases

 

$

1,454

 

 

$

1,083

 

ROU assets obtained in exchange for new operating lease liabilities

 

$

10,419

 

 

$

1,342

 

Weighted-average remaining lease term in years for finance leases

 

 

15.23

 

 

 

13.47

 

Weighted-average remaining lease term in years for operating leases

 

 

10.77

 

 

 

5.64

 

Weighted-average discount rate for finance leases

 

 

7.29

%

 

 

8.37

%

Weighted-average discount rate for operating leases

 

 

7.24

%

 

 

9.60

%