Leases

3 Months Ended

Mar. 31, 2026

Leases

Leases

Note 12. Leases

The Company has operating and finance leases for corporate offices and certain equipment. These leases have remaining lease terms of less than one year to approximately thirteen years, some of which include options to extend the leases for multiple renewal periods of two to ten years each. Under the terms of the facilities leases, the Company is required to pay its proportionate share of property taxes, insurance and normal maintenance costs.

The components of lease cost were as follows (in thousands):

	Three Months Ended
	March 31,
	2026		2025
Operating lease cost	$	1,999	$	2,029
Finance lease cost:
Amortization of right-of-use assets		108		84
Interest on finance lease liabilities		22		22
		130		106
Total lease cost	$	2,129	$	2,135

Other information related to leases was as follows (in thousands):

Supplemental Cash Flows Information	Three Months Ended March 31,
	2026		2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,974	$	1,398
Operating cash flows from finance leases	$	129	$	101
Financing cash flows from finance leases	$	98	$	91
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	947	$	356
Finance leases	$	63	$	39

	March 31,		December 31,
	2026		2025
Weighted-Average Remaining Lease Term
Operating leases	9.1	years	9.0	years
Finance leases	2.9	years	3.1	years
Weighted-Average Discount Rate
Operating leases	7.1	%	7.1	%
Finance leases	8.4	%	8.4	%

Future minimum lease payments under non-cancellable leases that have commenced as of March 31, 2026 were as follows (in thousands):

	Operating		Finance
Years Ending December 31	Leases		Leases
2026 (excluding the three months ended March 31, 2026)	$	4,934	$	371
2027		6,639		426
2028		6,068		293
2029		5,405		102
2030		5,625		21
Thereafter		30,830		3
Total future minimum lease payments		59,501		1,216
Less: imputed interest		(16,687)		(117)
Total	$	42,814	$	1,099

	Operating		Finance
Reported as of March 31, 2026	Leases		Leases
Current lease liabilities	$	3,641	$	419
Noncurrent lease liabilities		39,173		680
Total	$	42,814	$	1,099