LEASES

12 Months Ended

Dec. 31, 2024

The following table presents the Company’s ROU assets and lease liabilities for the periods presented.


		December 31,
Lease Classification	Classification	2024		2023
Assets:
Operating	Other assets	$	28,680	$	42,731
Financing	Other assets	5,071		3,343
Total ROU assets		$	33,751	$	46,074
Liabilities:
Current:
Operating	Accounts payable and accrued liabilities	$	7,233	$	8,640
Financing	Accounts payable and accrued liabilities	341		139
Noncurrent:
Operating	Other long-term liabilities	30,501		38,047
Financing	Other long-term liabilities	756		77
Total lease liabilities		$	38,831	$	46,903

Maturities of lease liabilities as of December 31, 2024 by fiscal year were as follows:


Maturity of Lease Liabilities	Operating		Financing		Total
2025	$	9,116	$	380	$	9,496
2026	7,906		323		8,229
2027	6,937		314		7,251
2028	6,231		200		6,431
2029	3,990		—		3,990
Thereafter	12,602		—		12,602
Total lease payments	46,782		1,217		47,999
Less: Interest	(9,048)		(120)		(9,168)
Present value of lease liabilities	$	37,734	$	1,097	$	38,831

Lease costs associated with payments under the Company’s leases for the periods presented were as follows:


		Years Ended December 31,
Lease Cost	Classification	2024		2023
Operating (1)	Operating expenses	$	14,154	$	14,197
Financing:
Amortization	Operating expenses	1,703		3,360
Interest expense	Interest expense	5		2,648
Total lease costs		$	15,862	$	20,205

(1) Includes short-term leases and variable lease costs, both of which were not material in the periods presented.

The following table includes the weighted average remaining lease terms and the weighted average discount rate used to calculate the present value of the Company’s lease liabilities:


	Years Ended December 31,
Other Information	2024		2023
Weighted average remaining lease term (in years):
Operating leases	6.5		6.8
Financing leases	3.1		1.6

Weighted average discount rate:
Operating leases	6.1	%	5.9	%
Financing leases	5.4	%	3.1	%

As of December 31, 2024, no leases were expected to commence that would create significant rights and obligations for the Company.


	Years Ended December 31,
Supplemental Cash Flow Information	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Cash used in operating activities:
Operating leases	$	13,388	$	9,980
Financing leases	$	23	$	51
Cash used in financing activities:
Financing leases	$	216	$	2,286
ROU assets obtained in exchange for lease obligations:
Operating leases	$	2,812	$	16,321
Financing leases	$	1,196	$	68