v3.26.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Schedule of leased assets and liabilities
ROU assets and lease liabilities as of September 30, 2026 and December 31, 2025 consisted of the following:
As of
September 30, 2026December 31, 2025
Finance LeasesOperating LeasesFinance LeasesOperating Leases
ROU assets:
ROU assets, gross$203,994 $197,740 $186,943 $178,904 
Accumulated amortization(99,436)(73,815)(89,344)(65,630)
Total ROU assets, net$104,558 $123,925 $97,599 $113,274 
Lease liabilities:
Lease liabilities - current$16,235 $21,754 $11,684 $19,837 
Lease liabilities - net of current149,646 111,358 144,446 102,346 
Total lease liabilities$165,881 $133,112 $156,130 $122,183 
Schedule of components of lease cost
The components of the Company's lease expenses for the three and nine months ended September 30, 2026 and 2025 were as follows:
Three months ended September 30, Nine months ended September 30,
2026202520262025
Finance lease expense:
Amortization of ROU assets
Cost of goods sold$2,120 $1,632 $5,561 $4,994 
Operating expenses1,901 1,408 4,936 4,115 
Total amortization of ROU assets4,021 3,040 10,497 9,109 
Interest on finance lease liabilities4,353 4,382 12,850 13,269 
Total finance lease expense8,374 7,422 23,347 22,378 
Operating lease expense(1)
8,166 8,472 24,465 24,682 
Short-term lease expense652 525 1,809 2,155 
Total lease expense$17,192 $16,419 $49,621 $49,215 
(1) Includes $0.2 million and $0.4 million of sublease income as a net reduction of rent expense for the three and nine months ended September 30, 2026, respectively and less than $0.0 million for the three and nine months ended September 30, 2025.
Schedule of other information related to operating and finance leases
Cash flows associated with the Company's leasing arrangements for the nine months ended September 30, 2026 and 2025 were as follows:
Nine months ended September 30,
20262025
Cash flows from operating activities:
Operating cash flows from operating leases$(24,227)$(23,155)
Operating cash flows from finance leases(12,850)(13,269)
Cash flows from financing activities:
Financing cash flows from finance leases(9,595)(7,557)
Net cash flows from leasing arrangements$(46,672)$(43,981)
As of September 30, 2026 and December 31, 2025, the weighted average remaining lease terms and weighted average discount rates of the Company's leasing arrangements were as follows:
As of
September 30, 2026December 31, 2025
Weighted average remaining lease term (in years) - finance leases8.210.0
Weighted average remaining lease term (in years) - operating leases6.36.3
Weighted average discount rate - finance leases10.5 %11.2 %
Weighted average discount rate - operating leases10.1 %10.9 %
Schedule of future minimum payments due under non-cancelable operating leases
As of September 30, 2026, maturities of the Company's lease liabilities under its non-cancelable leases were as follows:
Fiscal YearOperating LeasesFinance Leases
2026 (three months remaining)$8,308 $8,108 
202733,575 32,987 
202831,474 32,610 
202927,781 32,552 
203023,369 31,891 
2031 and thereafter57,174 124,505 
Total undiscounted remaining minimum lease payments181,681 262,653 
Less: imputed interest(48,569)(96,772)
Total discounted remaining minimum lease payments$133,112 $165,881 
Schedule of future minimum payments due under non-cancelable finance leases
As of September 30, 2026, maturities of the Company's lease liabilities under its non-cancelable leases were as follows:
Fiscal YearOperating LeasesFinance Leases
2026 (three months remaining)$8,308 $8,108 
202733,575 32,987 
202831,474 32,610 
202927,781 32,552 
203023,369 31,891 
2031 and thereafter57,174 124,505 
Total undiscounted remaining minimum lease payments181,681 262,653 
Less: imputed interest(48,569)(96,772)
Total discounted remaining minimum lease payments$133,112 $165,881