XML 25 R13.htm IDEA: XBRL DOCUMENT v3.25.2
Leases
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
Lessee
We have operating and finance leases for corporate offices, vehicles, and certain equipment. Our leases have remaining lease terms of 1 year to 20 years. Some of the leases include options to extend the leases and some of which include options to terminate the lease within 1 year. Operating leases and finance leases are included separately in the condensed Consolidated Balance Sheets.
The components of lease expense are as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Operating lease cost$381 $117 $763 $233 
Finance lease cost:
Amortization of finance lease assets$17 $21 $33 $38 
Interest on finance lease liabilities— 1 1 2 
Total finance lease cost$17 $22 $34 $40 
Supplemental cash flow information related to leases was as follows (in thousands):
Six Months Ended June 30,
20252024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$639 $201 
Operating cash flows from finance leases$1 $2 
Financing cash flows from finance leases$10 $28 
Right-of-use assets obtained in exchange for lease obligations
Operating leases$— $— 
Supplemental balance sheet information related to leases was as follows:
June 30, 2025December 31, 2024
Weighted average remaining lease term (in years)
Operating leases17.017.2
Finance leases2.32.3
Weighted average discount rate
Operating leases12.94 %12.90 %
Finance leases5.80 %5.80 %
We are committed to making future cash payments on non-cancelable operating leases and finance leases (including interest). The future minimum lease payments due under both non-cancelable operating leases and finance leases having initial or remaining lease terms in excess of one year as of June 30, 2025 were as follows (in thousands):
Operating LeasesFinance Leases
2025 (excludes the six months ended June 30, 2025)
$651 $12 
20261,270 17 
20271,144 1 
20281,173 — 
20291,204 — 
2030 and thereafter18,137 — 
Total future minimum lease payments$23,579 $30 
Less amounts representing interest14,960 1 
Present value of lease obligations$8,619 $29 
Leases Leases
Lessee
We have operating and finance leases for corporate offices, vehicles, and certain equipment. Our leases have remaining lease terms of 1 year to 20 years. Some of the leases include options to extend the leases and some of which include options to terminate the lease within 1 year. Operating leases and finance leases are included separately in the condensed Consolidated Balance Sheets.
The components of lease expense are as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Operating lease cost$381 $117 $763 $233 
Finance lease cost:
Amortization of finance lease assets$17 $21 $33 $38 
Interest on finance lease liabilities— 1 1 2 
Total finance lease cost$17 $22 $34 $40 
Supplemental cash flow information related to leases was as follows (in thousands):
Six Months Ended June 30,
20252024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$639 $201 
Operating cash flows from finance leases$1 $2 
Financing cash flows from finance leases$10 $28 
Right-of-use assets obtained in exchange for lease obligations
Operating leases$— $— 
Supplemental balance sheet information related to leases was as follows:
June 30, 2025December 31, 2024
Weighted average remaining lease term (in years)
Operating leases17.017.2
Finance leases2.32.3
Weighted average discount rate
Operating leases12.94 %12.90 %
Finance leases5.80 %5.80 %
We are committed to making future cash payments on non-cancelable operating leases and finance leases (including interest). The future minimum lease payments due under both non-cancelable operating leases and finance leases having initial or remaining lease terms in excess of one year as of June 30, 2025 were as follows (in thousands):
Operating LeasesFinance Leases
2025 (excludes the six months ended June 30, 2025)
$651 $12 
20261,270 17 
20271,144 1 
20281,173 — 
20291,204 — 
2030 and thereafter18,137 — 
Total future minimum lease payments$23,579 $30 
Less amounts representing interest14,960 1 
Present value of lease obligations$8,619 $29