Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Leases

19.Leases

The Company has operating and finance leases for office space, equipment and vehicles. Leases recorded on the balance sheet consists of the following:

	December 31,		December 31,
Leases	2024		2023
Assets
Operating lease right-of-use assets, net (1)	$	27,101	$	25,696
Financing lease right-of-use assets, net (2)		25,806		23,602
Total assets	$	52,907	$	49,298
Liabilities
Current
Operating	$	7,546	$	9,254
Financing		10,580		8,665
Total current		18,126		17,919
Noncurrent
Operating		20,837		16,632
Financing		11,346		13,746
Total noncurrent		32,183		30,378
Total liabilities	$	50,309	$	48,297

(1) Operating lease right-of-use assets are recorded net of accumulated amortization of $25.6 million and $15.6 million as of December 31, 2024 and 2023 respectively.

(2) Financing lease right-of-use assets are recorded net of accumulated amortization of $17.0 million and $10.2 million as of December 31, 2024 and 2023, respectively.

Other information related to lease term and discount rate is as follows:

	December 31,		December 31,
	2024		2023
Weighted Average Remaining Lease Term (in years)
Operating leases	8.35		5.90
Financing leases	2.40		2.83
Weighted Average Discount Rate
Operating leases	10.66	%	9.32	%
Financing leases	8.74	%	7.53	%

The components of lease expense are as follows:

	Year Ended December 31,
	2024		2023		2022
Operating lease costs:
Operating lease cost	$	12,581	$	8,311	$	5,012
Short-term lease cost (1)		4,151		2,044		1,754
Financing lease costs:
Interest on lease liabilities		1,750		1,189		767
Amortization of right-of-use assets		7,220		5,034		3,142
Total lease cost	$	25,702	$	16,578	$	10,675

(1) Includes expenses related to leases with a lease term of more than one month but less than one year.

Supplemental cash flow information related to leases is as follows:

	Year Ended December 31,
	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	11,301	$	8,404	$	4,966
Operating cash flows for finance leases	$	1,750	$	1,189	$	767
Financing cash flows for finance leases	$	8,929	$	4,791	$	2,992
Non-cash activity:
ROU assets obtained in exchange for new operating lease liabilities	$	14,670	$	18,081	$	6,740
ROU assets obtained in exchange for new financing lease liabilities	$	8,300	$	13,997	$	9,368

Maturities of lease liabilities are summarized as follows:

	Operating Leases		Finance Leases
Year ending December 31,
2025	$	8,584	$	11,964
2026		612		7,128
2027		5,558		2,244
2028		4,352		1,193
2029		3,650		1,816
Thereafter		28,591		64
Total future minimum lease payments		51,347		24,409
Less - amount representing interest		22,964		2,483
Present value of future minimum lease payments		28,383		21,926
Less - current lease obligations		7,546		10,580
Long-term lease obligations	$	20,837	$	11,346