Leases (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Leases [Abstract] |
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| Summary of Components of Lease Expense |
The components of lease expense were as follows:
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For the Three Months Ended September 30, |
|
Description |
Statement of Operations Location |
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2026 |
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|
2025 |
|
Operating lease cost |
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|
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|
Lease cost |
Selling, general and administrative expense |
|
$ |
3,185 |
|
|
$ |
3,064 |
|
Variable lease cost |
Selling, general and administrative expense |
|
|
979 |
|
|
|
695 |
|
Total operating lease cost |
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|
$ |
4,164 |
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|
$ |
3,759 |
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Finance lease cost |
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Amortization of ROU assets |
Depreciation and amortization |
|
$ |
2,710 |
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|
$ |
2,394 |
|
Interest on lease liabilities |
Interest expense, net |
|
|
492 |
|
|
|
348 |
|
Total finance lease cost |
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|
$ |
3,202 |
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|
$ |
2,742 |
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Total lease cost |
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|
$ |
7,366 |
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|
$ |
6,501 |
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For the Nine Months Ended September 30, |
|
Description |
Statement of Operations Location |
|
2026 |
|
|
2025 |
|
Operating lease cost |
|
|
|
|
|
|
|
Lease cost |
Selling, general and administrative expense |
|
$ |
9,518 |
|
|
$ |
9,299 |
|
Variable lease cost |
Selling, general and administrative expense |
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|
2,735 |
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|
|
2,285 |
|
Total operating lease cost |
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|
$ |
12,253 |
|
|
$ |
11,584 |
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|
|
|
|
|
|
|
|
Finance lease cost |
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|
|
|
|
|
|
Amortization of ROU assets |
Depreciation and amortization |
|
$ |
7,946 |
|
|
$ |
6,353 |
|
Interest on lease liabilities |
Interest expense, net |
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|
1,567 |
|
|
|
925 |
|
Total finance lease cost |
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|
$ |
9,513 |
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|
$ |
7,278 |
|
Total lease cost |
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|
$ |
21,766 |
|
|
$ |
18,862 |
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|
| Summary of Supplemental Cash Flow Information Related To Leases |
Supplemental cash flows information related to leases was as follows:
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For the Nine Months Ended September 30, |
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|
2026 |
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|
2025 |
|
Cash paid for amounts included in the measurement of lease liabilities: |
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Operating cash flows used in operating leases |
|
$ |
9,976 |
|
|
$ |
10,357 |
|
Operating cash flows used for interest related to finance leases |
|
|
1,557 |
|
|
|
878 |
|
Financing cash flows used in finance leases |
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|
5,089 |
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|
|
4,697 |
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Lease liabilities arising from new ROU assets: |
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|
|
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Operating leases |
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|
7,231 |
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|
|
4,726 |
|
Finance leases |
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|
3,995 |
|
|
|
7,143 |
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| Summary of Weighted Average Remaining Lease Terms and Weighted Average Discount Rates |
Weighted average remaining lease terms and weighted average discount rates were:
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September 30, 2026 |
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Operating Leases |
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|
Finance Leases |
|
Weighted average remaining lease term (years) |
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|
4.6 |
|
|
|
9.5 |
|
Weighted average discount rate |
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|
5.3 |
% |
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|
6.7 |
% |
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September 30, 2025 |
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|
Operating Leases |
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|
Finance Leases |
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Weighted average remaining lease term (years) |
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|
4.2 |
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|
|
3.3 |
|
Weighted average discount rate |
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|
5.0 |
% |
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|
6.7 |
% |
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| Schedule of Maturities of Lease Liabilities |
The following is a schedule by year of the maturities of lease liabilities with original terms in excess of one year:
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Operating Leases |
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Finance Leases |
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Remainder of 2026 |
|
$ |
3,397 |
|
|
$ |
2,268 |
|
2027 |
|
|
11,622 |
|
|
|
7,975 |
|
2028 |
|
|
9,354 |
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|
|
6,161 |
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2029 |
|
|
7,227 |
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|
|
4,506 |
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2030 |
|
|
3,793 |
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|
|
2,641 |
|
2031 and thereafter |
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|
6,612 |
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|
|
18,248 |
|
Total undiscounted future minimum lease payments |
|
$ |
42,005 |
|
|
$ |
41,799 |
|
Less imputed interest |
|
|
(5,072 |
) |
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|
(11,989 |
) |
Total discounted future minimum lease payments |
|
$ |
36,933 |
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|
$ |
29,810 |
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