LEASES |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| LEASES | LEASES The Company has entered into various operating leases for certain offices, support locations and vehicles with terms extending through December 2038. Generally, these leases have initial lease terms of five years or less. As of June 30, 2026, the Company had no leases classified as finance leases. The Company is currently not a lessor in any lease arrangement. Operating lease expense was $499 thousand and $604 thousand for the three months ended June 30, 2026 and 2025, respectively and $1.0 million and $1.2 million for each of the six months ended June 30, 2026 and 2025. Variable and short-term lease cost was $405 thousand and $413 thousand for the three months ended June 30, 2026 and 2025, respectively and $809 thousand and $736 thousand for the six months ended June 30, 2026 and 2025, respectively. Cash paid for amounts included in the measurement of lease liabilities was $483 thousand and $619 thousand for the three months ended June 30, 2026 and 2025, respectively and $1.0 million and $1.2 million or the six months ended June 30, 2026 and 2025, respectively. Future maturities of the Company’s operating lease liabilities are summarized as follows (in thousands):
The following is supplemental lease information as of June 30, 2026 and December 31, 2025:
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