XML 57 R44.htm IDEA: XBRL DOCUMENT v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Components of Lease Expense
Our lease obligations consist of operating and finance leases related to real estate, vehicles and equipment. The components of lease cost are as follows (in thousands):
Years Ended December 31,
Income Statement Classification202520242023
Operating lease cost
Facilities and grounds expense(1)
$3,865 $3,998 $3,526 
Short-term lease cost
Facilities and grounds expense(1)
277 232 372 
Variable lease cost
Facilities and grounds expense(1)
183 380 234 
Finance lease cost:
Depreciation of leased assets
Depreciation and amortization(2)
$543 511 541 
Interest on lease liabilitiesInterest expense967 506 500 
Total finance lease cost1,510 1,017 1,041 
Total lease cost$5,835 $5,627 $5,173 
(1)
Facilities and grounds expense is included within Cost of service and General, administrative, and other on our Consolidated Statements of Operations.
(2)
Depreciation and amortization expense is included within Field depreciation expense and General, administrative, and other on our Consolidated Statements of Operations.
Supplemental cash flow information related to our leases is as follows (in thousands):
Year ended December 31,
202520242023
Cash paid for operating leases included in operating activities$4,833 $4,325 $3,779 
Cash paid for finance leases included in financing activities642 1,083 1,153 
Right-of-use assets obtained in exchange for new leases are as follows (in thousands):
Year ended December 31,
20252024
Right-of-use assets obtained in exchange for new operating lease liabilities$1,501 $1,224 
Right-of-use assets obtained in exchange for new finance lease liabilities3,761 1,027 

Supplemental balance sheet information related to leases is as follows (in thousands):
Lease TypeBalance Sheet ClassificationDecember 31, 2025December 31, 2024
Operating lease right-of-use assetsOperating lease right-of-use assets$12,045 $14,953 
Finance lease right-of-use assetsProperty, plant, and equipment, net$12,174 $8,564 
Accumulated depreciationProperty, plant, and equipment, net(3,817)(3,214)
Finance lease right-of-use assets, net$8,357 $5,350 
Operating lease current liabilitiesCurrent portion of operating lease obligations$3,084 $2,810 
Finance lease current liabilitiesCurrent portion of finance lease obligations605 533 
Total current lease liabilitiesTotal current lease liabilities$3,689 $3,343 
Operating lease non-current liabilitiesObligations under operating leases, net of current portion$10,538 $14,035 
Finance lease non-current liabilitiesObligations under finance leases, net of current portion9,339 6,045 
Total non-current lease liabilitiesTotal non-current lease liabilities$19,877 $20,080 
Total lease liabilities$23,566 $23,423 
The average lease terms and discount rates at December 31, 2025 are as follows:
Weighted-average remaining lease term (years)Weighted-average discount rate
Operating leases6.08.2 %
Finance leases22.48.7 %
Maturities of Operating Lease Liabilities
The aggregate future lease payments for non-cancelable operating and finance leases at December 31, 2025 are as follows (in thousands):
OperatingFinance
Lease payments due:
2026$4,008 $1,681 
20273,838 1,676 
20283,518 1,184 
20292,873 1,093 
2030813 1,108 
Thereafter1,831 15,663 
Total lease payments$16,881 $22,405 
Less: Interest(3,259)(12,461)
Present value of lease liabilities, including HFS$13,622 $9,944 
Maturities of Financing Lease Liabilities
The aggregate future lease payments for non-cancelable operating and finance leases at December 31, 2025 are as follows (in thousands):
OperatingFinance
Lease payments due:
2026$4,008 $1,681 
20273,838 1,676 
20283,518 1,184 
20292,873 1,093 
2030813 1,108 
Thereafter1,831 15,663 
Total lease payments$16,881 $22,405 
Less: Interest(3,259)(12,461)
Present value of lease liabilities, including HFS$13,622 $9,944