v3.26.3
Leases (Tables)
9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Components of Lease Costs

The components of the lease costs for the three and nine months ended September 30, 2026 and 2025, were as follows (in thousands):

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease costs

 

$

2,404

 

 

$

2,452

 

 

$

7,251

 

 

$

7,388

 

Finance lease costs:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets, finance leases

 

 

430

 

 

 

440

 

 

 

1,291

 

 

 

1,186

 

Interest expense for finance lease liabilities

 

 

47

 

 

 

85

 

 

 

169

 

 

 

237

 

Variable lease costs

 

 

1,584

 

 

 

1,462

 

 

 

4,503

 

 

 

4,505

 

Total lease costs

 

$

4,465

 

 

$

4,439

 

 

$

13,214

 

 

$

13,316

 

Supplemental Cash Flow Information Relating to Leases

Supplemental cash flow information relating to the Company’s leases for the nine months ended September 30, 2026 and 2025, were as follows (in thousands):

 

 

 

Nine Months Ended
September 30,

 

 

 

2026

 

 

2025

 

Cash paid for amounts included in the measurement
   of lease liabilities:

 

 

 

 

 

 

Operating cash flows used in operating leases

 

$

9,302

 

 

$

9,031

 

Operating cash flows used in finance leases

 

$

861

 

 

$

1,077

 

Financing cash flows used in finance leases

 

$

169

 

 

$

237

 

Summary of Weighted Average Remaining Lease Terms and Discount Rates

Weighted average remaining lease terms and discount rates as of September 30, 2026 and 2025 were as follows:

 

 

 

Nine Months Ended
September 30,

 

 

 

2026

 

 

2025

 

Remaining lease term:

 

 

 

 

 

 

Operating lease

 

7.91 years

 

 

8.84 years

 

Finance lease

 

1.64 years

 

 

2.35 years

 

Discount Rate:

 

 

 

 

 

 

Operating lease

 

 

8.67

%

 

 

8.70

%

Finance lease

 

 

8.90

%

 

 

8.78

%

Summary of Undiscounted Future Lease Payments for Operating and Finance Leases

The undiscounted future lease payments for operating and finance leases as of September 30, 2026, were as follows (in thousands):

 

Fiscal Year

 

Operating
Leases

 

 

Finance
Leases

 

2026 (fourth quarter)

 

$

3,134

 

 

$

411

 

2027

 

 

12,809

 

 

 

1,180

 

2028

 

 

13,193

 

 

 

449

 

2029

 

 

13,589

 

 

 

72

 

2030

 

 

11,534

 

 

 

—

 

Thereafter

 

 

49,301

 

 

 

—

 

Total minimum lease payments

 

$

103,560

 

 

$

2,112

 

Less amounts representing interest or imputed interest

 

 

(28,934

)

 

 

(139

)

Present value of lease liabilities

 

$

74,626

 

 

$

1,973