Leases |
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| Leases | 10. LEASES The Company leases manufacturing and training facilities, storage warehouses, office space, and certain plant equipment under various operating leases. The Company’s operating leases have remaining lease terms of up to 11 years. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. For the three months ended September 30, 2026 and September 30, 2025, total operating lease expense was $3.3 million and $3.0 million, respectively. For the nine months ended September 30, 2026 and September 30, 2025, total operating lease expense was $10.0 million and $9.0 million, respectively. The weighted average remaining lease term at September 30, 2026 and December 31, 2025 was 6.2 years and 6.7 years, respectively. The weighted average discount rate at September 30, 2026 and December 31, 2025 was 4.79% and 4.70%, respectively. The following table includes supplemental cash flow information for the nine months ended September 30, 2026 and September 30, 2025, and supplemental balance sheet information at September 30, 2026 and December 31, 2025 related to operating leases (in thousands):
The following table summarizes maturities of operating lease liabilities at September 30, 2026 (in thousands):
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