v3.26.3
Leases
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Leases Leases
We have operating and finance leases for our manufacturing facilities, warehouses, office space, automobiles, and certain equipment. Our leases have remaining lease terms of up to eight years, some of which include one or more five-year renewal options. We have not included any of the renewal options in our operating lease payments as we concluded that it is not reasonably certain that we will exercise any of these renewal options. Leases with an initial term of twelve months or less are not recorded on the balance sheet. Operating lease expense is recognized on a straight-line basis over the lease term. Finance leases are not material.
The following tables provide quantitative disclosures related to our operating leases and include all operating leases acquired from the date of acquisition (in thousands, except where otherwise indicated):
Balance Sheet InformationSeptember 30,
2026		December 31,
2025
Assets
Operating lease right-of-use assets$98,254$105,178
Liabilities
Sundry payables and accrued expenses$22,420$21,990
Noncurrent operating lease liabilities 87,22093,381
Total operating lease liabilities
$109,640$115,371
Weighted Average Remaining Lease Term6.3 Years6.9 Years
Weighted Average Discount Rate5.2%5.1%
Three Months Ended
September 30,		Nine Months Ended
September 30,
Lease Expense2026202520262025
Lease expense$6,608 $5,855 $19,107 $17,908 
Variable and other lease expense (a)
1,590 2,278 5,443 6,050 
Total lease expenses$8,198 $8,133 $24,550 $23,958 
(a)Relates to non-lease components such as maintenance, property taxes, etc., and operating lease expense for leases with an initial term of 12 months or less which are not material.
Nine Months Ended
September 30,
20262025
Supplemental Cash Flow Information
Cash paid for the amounts included in the measurement of lease liabilities$17,639 $16,642 
Right-of-use assets obtained in exchange for new lease obligations (a)
$6,923 $9,867 
(a)Includes $1.5 million and $3.0 million related to the lease modification and extension for our manufacturing facility and warehouse in Tijuana and Reynosa, Mexico during the nine months ended September 30, 2026, and $5.7 million related to the lease modification and extension for our manufacturing facility in Reynosa, Mexico and $2.8 million related to our warehouse in Niepolomice, Poland during the nine months ended September 30, 2025.
Minimum Lease Payments
At September 30, 2026, we are obligated to make minimum lease payments under operating leases through 2034, which are as follows:
2026$6,482 
202722,412 
202818,906 
202917,312 
203017,306 
Thereafter47,363 
Total lease payments129,781 
Less: Interest(20,141)
Present value of lease liabilities$109,640 
Leases Leases
We have operating and finance leases for our manufacturing facilities, warehouses, office space, automobiles, and certain equipment. Our leases have remaining lease terms of up to eight years, some of which include one or more five-year renewal options. We have not included any of the renewal options in our operating lease payments as we concluded that it is not reasonably certain that we will exercise any of these renewal options. Leases with an initial term of twelve months or less are not recorded on the balance sheet. Operating lease expense is recognized on a straight-line basis over the lease term. Finance leases are not material.
The following tables provide quantitative disclosures related to our operating leases and include all operating leases acquired from the date of acquisition (in thousands, except where otherwise indicated):
Balance Sheet InformationSeptember 30,
2026		December 31,
2025
Assets
Operating lease right-of-use assets$98,254$105,178
Liabilities
Sundry payables and accrued expenses$22,420$21,990
Noncurrent operating lease liabilities 87,22093,381
Total operating lease liabilities
$109,640$115,371
Weighted Average Remaining Lease Term6.3 Years6.9 Years
Weighted Average Discount Rate5.2%5.1%
Three Months Ended
September 30,		Nine Months Ended
September 30,
Lease Expense2026202520262025
Lease expense$6,608 $5,855 $19,107 $17,908 
Variable and other lease expense (a)
1,590 2,278 5,443 6,050 
Total lease expenses$8,198 $8,133 $24,550 $23,958 
(a)Relates to non-lease components such as maintenance, property taxes, etc., and operating lease expense for leases with an initial term of 12 months or less which are not material.
Nine Months Ended
September 30,
20262025
Supplemental Cash Flow Information
Cash paid for the amounts included in the measurement of lease liabilities$17,639 $16,642 
Right-of-use assets obtained in exchange for new lease obligations (a)
$6,923 $9,867 
(a)Includes $1.5 million and $3.0 million related to the lease modification and extension for our manufacturing facility and warehouse in Tijuana and Reynosa, Mexico during the nine months ended September 30, 2026, and $5.7 million related to the lease modification and extension for our manufacturing facility in Reynosa, Mexico and $2.8 million related to our warehouse in Niepolomice, Poland during the nine months ended September 30, 2025.
Minimum Lease Payments
At September 30, 2026, we are obligated to make minimum lease payments under operating leases through 2034, which are as follows:
2026$6,482 
202722,412 
202818,906 
202917,312 
203017,306 
Thereafter47,363 
Total lease payments129,781 
Less: Interest(20,141)
Present value of lease liabilities$109,640