Lease Commitments

12 Months Ended

Dec. 31, 2025

6. LEASE COMMITMENTS

The Company enters into leases in the normal course of business. The Company leases its administration and operations facility and 15 solutions centers under lease agreements with remaining terms ranging from less than one year to 15 years. Certain leases include renewal options to extend for up to seventeen years.

Right-of-use assets and lease liabilities by lease type are as follows:


(In Thousands)	December 31,		December 31,
	2025		2024
Right-of-Use Asset
Operating leases	$	15,225	$	14,039
Finance leases		—		874
Total Right-of-Use Asset	$	15,225	$	14,913

Lease Liabilities
Operating leases	$	15,564	$	14,412
Finance leases		—		1,254
Total lease liabilities	$	15,564	$	15,666

The amounts included above are not inclusive of right-of-use asset and lease liabilities reclassified as held for sale as of December 31, 2025 and 2024. At December 31, 2025 and 2024, right-of-use assets included within assets held for sale were $0 and $231, respectively. At December 31, 2025 and 2024, lease liabilities included within liabilities held for sale were $0 and $223, respectively.

The components of total lease cost were as follows.


(In Thousands)	December 31,		December 31,
	2025		2024
Finance lease cost
Right-of-Use amortization	$	29	$	88
Interest expense		11		34
Operating lease cost		2,457		2,334
Total lease cost	$	2,497	$	2,456

The following table presents information associated with our obligations under leases for the years ended December 31, 2025 and 2024:


	2025			2024
Finance lease weighted-average remaining term (years)	$	—		$	9.92
Finance lease weighted-average discount rate		0.00	%		2.59	%

Operating lease weighted-average remaining term (years)		8.15			9.01
Operating lease weighted-average discount rate		5.20	%		4.47	%

The following table presents the undiscounted cash flows due related to operating and finance leases as of December 31, 2025:


(In Thousands)	Operating Lease
2026	$	2,464
2027		2,420
2028		2,279
2029		2,287
2030 and thereafter		9,918
Total Undiscounted Cash Flows	$	19,368
Discount on Cash Flows		(3,804	)
Total lease liabilities	$	15,564