v3.26.3
Leases (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Lessee, Lease, Description [Line Items]    
Schedule of Supplemental Consolidated Balance Sheet Information Related to Leases
The following table sets forth supplemental condensed consolidated balance sheets information related to leases:
 
       
(in thousands)      Classification   
June 30,
2026
     December 31,
2025
 
Assets:
          
Operating lease assets
    
Right-of-use assets
   $ 45,834      $ 48,739  
       
 
 
 
Total lease assets
        $ 45,834      $ 48,739  
       
 
 
 
Liabilities:
          
Current:
          
Operating
    
Other current liabilities
   $ 6,718      $ 10,470  
Noncurrent:
          
Operating
    
Noncurrent lease liabilities
     40,469        39,922  
       
 
 
 
Total lease liabilities
        $ 47,187      $ 50,392  
 
 
 
HMH Holding BV And Subsidiaries [Member]    
Lessee, Lease, Description [Line Items]    
Schedule of Supplemental Consolidated Balance Sheet Information Related to Leases  
The following table sets forth supplemental consolidated balance sheet information related to leases as of December 31, 2025 and 2024:
 
       
        Classification    2025      2024  
Assets
          
Operating lease assets
    
Right-of-use assets
   $ 48,739      $ 34,673  
       
 
 
 
Total lease assets
        $ 48,739      $ 34,673  
       
 
 
 
Liabilities
          
Current
          
Operating
    
Other current liabilities
   $ 10,470      $ 8,114  
Noncurrent
          
Operating
    
Noncurrent lease liabilities
     39,922        27,052  
       
 
 
 
Total lease liabilities
        $ 50,392      $ 35,166  
 
 
Schedule of the components of lease expense  
The following table sets forth a summary of the components of lease expenses for the years ended December 31, 2025 and 2024:
 
       
Lease cost      Classification    2025      2024  
Operating lease cost
    
Selling, general and administrative expenses
   $ 11,261      $ 9,708  
Sublease income
    
Service revenue
     —        544  
       
 
 
 
Net lease cost
        $ 11,261      $ 9,164  
 
 
Schedule of Lessee, Operating Lease, Liability, to be Paid, Maturity  
The following table sets forth the maturities of operating lease liabilities as of December 31, 2025:
 
   
      Operating lease  
2026
   $ 11,045  
2027
     9,594  
2028
     7,952  
2029
     5,428  
2030
     4,539  
Thereafter
     40,930  
  
 
 
 
Total lease payments
   $ 79,488  
  
 
 
 
Less: present value discount
     (29,096 ) 
  
 
 
 
Present value of lease liabilities
   $ 50,392  
 
 
Schedule of Weighted Average Remaining Term and Weighted Average Discount Rates  
The following table sets forth the weighted-average remaining term and weighted average discount rates related to leases as of December 31, 2025 and 2024:
 
     
      2025      2024  
Weighted-average remaining lease term (years)
     13.69        6.65  
Weighted-average discount rate
     7%        6%