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Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Summary of Amounts Recognized in Consolidated Balance Sheet

Amounts recognized in the Consolidated Balance Sheets were as follows:

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

(In thousands)

 

Operating leases:

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

27,248

 

 

$

26,691

 

 

 

 

 

 

 

 

Operating lease liability classified as current

 

 

1,165

 

 

 

1,511

 

Operating lease liability classified as non-current

 

 

29,546

 

 

 

28,555

 

Total operating lease liabilities

 

$

30,711

 

 

$

30,066

 

Summary of Other Information related to Operating Leases

Other information related to operating leases at March 31, 2026 and December 31, 2025 consisted of the following:

 

 

 

March 31, 2026

 

 

December 31, 2025

 

Weighted-average remaining lease term (years)

 

 

 

 

 

 

Operating leases

 

 

12.7

 

 

 

13.0

 

 

 

 

 

 

 

 

Weighted-average discount rate

 

 

 

 

 

 

Operating leases

 

11.36%

 

 

 

11.32

%

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases are as follows:

 

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

(In thousands)

 

Cash paid for amounts included in measurement of operating lease liabilities

 

$

1,135

 

 

$

4,823

 

Right-of-use assets obtained in exchange for operating lease obligations

 

 

1,010

 

 

 

2,790

 

Summary of Undiscounted Lease Obligations

Undiscounted lease obligations are as follows:

 

 

 

March 31, 2026

 

 

 

(In thousands)

 

2026

 

$

4,370

 

2027

 

 

4,416

 

2028

 

 

4,486

 

2029

 

 

4,584

 

2030

 

 

4,158

 

Thereafter

 

 

37,308

 

Total lease payments

 

 

59,322

 

Less: interest

 

 

(28,611

)

Total lease liabilities

 

$

30,711