Leases

6 Months Ended

Jun. 30, 2025

Leases [Abstract]

Leases

NOTE 11 – Leases

The Company leases certain assets used in its business, including land, buildings, and equipment. These leased assets are used for operational and administrative purposes.

The components of lease expense are set forth in the table below:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
Operating lease expense	$	3,711	$	3,630	$	7,233	$	7,163
Finance lease expense:
Amortization of assets		7		7		14		15
Interest on lease liabilities		1		1		2		2
Short-term lease expense		546		570		1,088		1,121
Variable lease expense		1,173		1,057		2,325		2,302
Total lease expense	$	5,438	$	5,265	$	10,662	$	10,603

The table below sets forth supplemental balance sheet information related to leases. In our condensed consolidated balance sheets, right of use (“ROU”) assets are included in other long-term assets while lease liabilities are located in accrued liabilities and other for the current portion and other long-term liabilities for the non-current portion:

	June 30, 2025			December 31, 2024
Operating leases:
Operating lease ROU assets	$	58,330		$	53,749
Current operating lease liabilities		11,578			10,863
Noncurrent operating lease liabilities		33,991			28,648
Total operating lease liabilities	$	45,569		$	39,511
Finance leases:
Finance lease ROU assets	$	2,707		$	2,708
Accumulated amortization		(2,621	)		(2,606	)
Finance lease ROU assets, net	$	86		$	102
Current finance lease liabilities	$	29		$	40
Non-current finance lease liabilities		57			63
Total finance lease liabilities	$	86		$	103
Weighted average remaining lease term (in years):
Operating leases		7.3			6.6
Finance leases		3.2			3.3
Weighted average discount rate:
Operating leases		4.1	%		4.0	%
Finance leases		3.6	%		3.6	%

The table below sets forth supplemental cash flow and other information related to leases:

	Six Months Ended
	June 30, 2025		June 30, 2024
Cash paid for the amounts included in the measurements of lease liabilities:
Operating cash outflows from operating leases	$	9,319	$	10,501
Operating cash outflows from finance leases		2		2
Financing cash outflow from finance leases		18		27
ROU assets obtained in exchange for lease liabilities incurred:
Operating leases		9,462		3,455

The table below sets forth information about lease liability maturities:

	June 30, 2025
	Operating Leases			Finance Leases
2025	$	8,780		$	18
2026		12,384			25
2027		8,606			23
2028		5,630			22
2029		2,682			4
2030		2,627			-
2031 and thereafter		13,328			-
Total lease payments		54,037			92
Less: imputed interest		(8,468	)		(6	)
Total lease obligations		45,569			86
Less: current obligations		(11,578	)		(29	)
Long-term lease obligations	$	33,991		$	57