Leases (Tables)

9 Months Ended

Sep. 30, 2026

The Company’s lease information is summarized as follows:


(in thousands)	September 30, 2026		December 31, 2025
Lease Right of Use Asset:
Lease asset	$	10,821	$	6,978
Less: Accumulated amortization	(4,256)		(2,959)
Net lease asset	$	6,565	$	4,019



Lease Liability:
Short-term lease liability	$	1,822	1,778
Long-term lease liability	5,657		2,794
Net lease liability	$	7,479	$	4,572

Future minimum payments for operating leases with initial or remaining terms of one year or more are as follows:


(in thousands)	September 30, 2026
Amounts due in:
2026	$	531
2027	2,093
2028	1,951
2029	1,883
2030	962
2031 and thereafter	777
Total future lease payments	8,197
Discount of cash flows	(718)
Present value of net future lease payments	$	7,479