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Leases
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Leases

17.Leases

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

Leases recorded on the balance sheet consist of the following:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 

​

December 31,

​

​

2026

​

2025

Assets

​

​

​

​

​

​

Operating lease right-of-use assets, net (1)

​

$

24,391

​

$

20,397

Financing lease right-of-use assets, net (2)

​

 

16,361

​

 

18,360

Total assets

​

$

40,752

​

$

38,757

Liabilities

​

 

  ​

​

 

  ​

Current

​

 

  ​

​

 

  ​

Operating

​

$

4,698

​

$

4,418

Financing

​

 

6,000

​

 

7,517

Total current

​

 

10,698

​

 

11,935

Noncurrent

​

 

  ​

​

 

  ​

Operating

​

 

28,314

​

 

24,695

Financing

​

 

5,461

​

 

5,878

Total noncurrent

​

 

33,775

​

 

30,573

Total liabilities

​

$

44,473

​

$

42,508

(1)Operating lease right-of-use assets are recorded net of accumulated amortization of $35.2 million and $33.8 million as of March 31, 2026 and December 31, 2025, respectively.
(2)Financing lease right-of-use assets are recorded net of accumulated amortization of $26.8 million and $24.8 million as of March 31, 2026 and December 31, 2025, respectively.

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

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​

​

​

​

​

​

March 31, 

 

December 31,

 

​

2026

 

2025

 

Weighted Average Remaining Lease Term (in years)

  ​

​

  ​

​

Operating leases

8.81

​

9.41

​

Financing leases

2.45

​

2.09

​

Weighted Average Discount Rate

​

​

​

​

Operating leases

11.01

%

11.50

%

Financing leases

8.69

%

9.02

%

​

​

The components of lease expense were as follows:

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

​

​

March 31, 

​

​

  ​ ​ ​

2026

  ​ ​ ​

2025

​

Operating lease costs:

 

​

  ​

 

​

  ​

​

Operating lease cost

​

$

2,192

​

$

3,135

​

Short-term lease cost (1)

​

 

1,341

​

 

1,221

​

Financing lease costs:

​

 

​

​

 

  ​

​

Interest on lease liabilities

​

 

259

​

 

421

​

Amortization of right-of-use assets

​

 

2,003

​

 

2,228

​

Total lease cost

​

$

5,795

​

$

7,005

​

(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:

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​

​

​

​

​

​

​

Three Months Ended

​

March 31, 

​

2026

​

2025

Cash paid for amounts included in the measurement of lease liabilities:

​

​

​

​

​

Operating cash flows for operating leases

$

2,295

​

$

1,926

Operating cash flows for finance leases

$

259

​

$

421

Financing cash flows for finance leases

$

2,507

​

$

2,517

Non-cash activity:

 

​

​

 

​

ROU assets obtained in exchange for new operating lease liabilities

$

5,196

​

$

924

ROU assets obtained in exchange for new financing lease liabilities

$

897

​

$

509

​

Maturities of lease liabilities are summarized as follows:

​

​

​

​

​

​

​

​

​

​

Operating Leases

​

Finance Leases

Year ending December 31,

​

​

​

​

​

​

2026 (excluding the three months ended March 31, 2026)

​

$

6,077

​

$

5,307

2027

​

 

7,053

​

 

3,022

2028

​

 

5,731

​

 

1,704

2029

​

 

4,939

​

 

2,392

2030

​

 

4,930

​

 

310

Thereafter

​

 

25,164

​

 

57

Total future minimum lease payments

​

 

53,894

​

 

12,792

Less - amount representing interest

​

 

20,882

​

​

1,331

Present value of future minimum lease payments

​

 

33,012

​

 

11,461

Less - current lease obligations

​

 

4,698

​

 

6,000

Long-term lease obligations

​

$

28,314

​

$

5,461

​