XML 65 R35.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Components of Lease Expense The components of lease expense consist of following (in thousands):
Year Ended December 31,
Lease Cost202420232022
Operating lease cost 1
$42,299 $44,614 $37,919 
Variable lease cost 2
3,630 16,013 22,084 
Total lease cost $45,929 $60,627 $60,003 
1    Includes expense associated with short term leases, lease terms of 12 months or less, which is not material.
2    Includes payments related to agreements with embedded leases that are not otherwise reflected on the balance sheet.
Summary of Operating Lease Terms and Discount Rates
The following table provides a summary of our operating lease terms and discount rates:
December 31,
Remaining Lease Term and Discount Rate20242023
Weighted average remaining lease term (in years)5.46.2
Weighted average discount rate 3.8 %3.7 %
Schedule of Operating Lease Liabilities
As of December 31, 2024, the future payments related to our operating lease liabilities are as follows (in thousands):

Fiscal Year Ending December 31,Operating Leases
2025$35,195 
202630,857 
202722,103 
202816,624 
202910,225 
Thereafter15,517 
Total lease payments130,521 
Less: Imputed interest(11,244)
Total lease liabilities$119,277 
Schedule of Property, Plant and Equipment Under Operating Leases Our portfolio of leased iTero scanners included in Property, plant and equipment, net are as follows:
December 31,
20242023
Scanners under operating leases, gross$33,770 $27,145 
Less: accumulated depreciation(12,038)(9,815)
Scanners under operating leases, net$21,732 $17,330 
Schedule of Lease Payments Due
As of December 31, 2024, the future lease payments due to us are as follows (in thousands):
Fiscal Year Ending December 31,Operating Leases
2025$24,797 
202616,296 
20275,865 
Total lease payments$46,958