Leases

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Leases

16.Leases

The Company has operating and finance leases for office space, equipment and vehicles.

Leases recorded on the balance sheet consists of the following:

	March 31,		December 31,
Leases	2025		2024
Assets
Operating lease right-of-use assets, net (1)	$	23,984	$	27,101
Financing lease right-of-use assets, net (2)		24,638		25,806
Total assets	$	48,622	$	52,907
Liabilities
Current
Operating	$	5,700	$	7,546
Financing		11,135		10,580
Total current		16,835		18,126
Noncurrent
Operating		20,750		20,837
Financing		9,324		11,346
Total noncurrent		30,074		32,183
Total liabilities	$	46,909	$	50,309

(1) Operating lease right-of-use assets are recorded net of accumulated amortization of $28.0 million and $25.6 million as of March 31, 2025 and December 31, 2024, respectively.

(2) Financing lease right-of-use assets are recorded net of accumulated amortization of $19.1 million and $17.0 million as of March 31, 2025 and December 31, 2024, respectively.

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

	March 31,		December 31,
	2025		2024
Weighted Average Remaining Lease Term (in years)
Operating leases	8.88		8.35
Financing leases	2.22		2.40
Weighted Average Discount Rate
Operating leases	11.20	%	10.66	%
Financing leases	8.89	%	8.74	%

The components of lease expense are as follows:

	Three Months Ended March 31,
	2025		2024
Operating lease costs:
Operating lease cost	$	3,135	$	2,991
Short-term lease cost (1)		1,221		905
Financing lease costs:
Interest on lease liabilities		421		407
Amortization of right-of-use assets		2,228		1,811
Total lease cost	$	7,005	$	6,114

(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:

	Three Months Ended March 31,
	2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	1,926	$	2,810
Operating cash flows for finance leases	$	421	$	407
Financing cash flows for finance leases	$	2,517	$	1,971
Non-cash activity:
ROU assets obtained in exchange for new operating lease liabilities	$	924	$	3,465
ROU assets obtained in exchange for new financing lease liabilities	$	509	$	3,789

Maturities of lease liabilities are summarized as follows:

	Operating Leases		Finance Leases
Year ending December 31,
2025 (excluding the three months ended March 31, 2025)	$	6,658	$	9,228
2026		393		7,787
2027		5,348		2,361
2028		4,248		1,310
2029		3,650		1,835
Thereafter		28,591		64
Total future minimum lease payments		48,888		22,585
Less - amount representing interest		22,438		2,126
Present value of future minimum lease payments		26,450		20,459
Less - current lease obligations		5,700		11,135
Long-term lease obligations	$	20,750	$	9,324