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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases  
Summary of amount of right-of-use lease assets and lease liabilities

(Thousands)

    

Balance Sheet Location

    

December 31, 2024

    

December 31, 2023

Right-of-use operating lease assets

Operating lease right-of-use assets

$

63,380

$

67,601

Operating lease liabilities - current

Accrued expenses and other current liabilities

4,420

4,809

Operating lease liabilities - noncurrent

Operating lease liabilities

60,692

63,554

Schedule of components of lease costs

Year Ended December 31, 

(Thousands)

2024

    

2023

Operating lease cost

$

10,797

$

4,857

Short-term lease cost

1,075

1,020

Total

$

11,872

$

5,877

The following table presents information about the Company’s weighted average discount rate and remaining lease term as of December 31, 2024 and 2023:

    

December 31, 2024

    

December 31, 2023

Weighted-average discount rate

7.7%

7.8%

Weighted-average remaining lease term

12.1 years

12.9 years

Supplemental cash flow information about the Company’s leases as of December 31, 2024 and 2023, respectively, is as follows:

Year Ended December 31, 

(Thousands)

    

2024

    

2023

Cash paid related to operating lease liabilities

$

9,670

$

4,317

Schedule of future minimum lease payments under non-cancellable operating leases

(Thousands)

    

2025

$

8,851

2026

8,596

2027

8,522

2028

7,997

2029

8,069

Thereafter

61,674

Total future minimum lease payments

103,709

Less: imputed interest

(38,597)

Present value of minimum lease payments

$

65,112