v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Operating Lease Costs

The following table sets forth information about the Company’s lease costs for the three months ended March 31, 2026 and 2025:

 

 

Three Months Ended March 31,

 

 

2026

 

 

2025

 

Operating lease cost

 

$

4,991

 

 

$

5,574

 

Short-term lease cost

 

 

340

 

 

 

495

 

Finance lease cost:

 

 

 

 

 

 

Amortization of right-of-use assets

 

 

388

 

 

 

318

 

Interest on lease liabilities

 

 

823

 

 

 

357

 

Total lease costs

 

$

6,542

 

 

$

6,744

 

 

The following table sets forth supplemental cash flow information about the leases for the three months ended March 31, 2026 and 2025:

 

Three Months Ended March 31,

 

 

2026

 

 

2025

 

ROU assets obtained in exchange for new lease liabilities

 

 

 

 

 

 

Operating lease liabilities

 

$

2,782

 

 

$

7,833

 

Finance lease liabilities

 

$

8,882

 

 

$

14,023

 

 

Supplemental balance sheet information related to the leases is as follows:

 

March 31,
2026

 

 

December 31,
2025

 

Weighted-average remaining lease term – operating leases

 

9.40 years

 

 

9.22 years

 

Weighted-average discount rate – operating leases

 

 

7.73

%

 

 

7.48

%

Weighted-average remaining lease term – finance leases

 

3.65 years

 

 

4.31 years

 

Weighted-average discount rate – finance leases

 

 

11.97

%

 

 

11.71

%

 

Schedule of Future Minimum Lease Payments Under Operating and Finance Leases

The Company’s future lease payments under operating leases as of March 31, 2026 are as follows:

Fiscal Year

 

Amount

 

Remainder of 2026

 

$

14,029

 

2027

 

 

15,346

 

2028

 

 

9,315

 

2029

 

 

7,023

 

2030

 

 

5,087

 

Thereafter

 

 

36,804

 

Total undiscounted cash flows

 

 

87,604

 

Less: Imputed interest

 

 

(28,256

)

Present value of lease liabilities

 

$

59,348

 

 

 

The Company’s future lease payments under finance leases as of March 31, 2026 are as follows:

Fiscal Year

 

Amount

 

Remainder of 2026

 

$

8,305

 

2027

 

 

10,409

 

2028

 

 

11,002

 

2029

 

 

5,494

 

2030

 

 

3,558

 

Thereafter

 

 

 

Total undiscounted cash flows

 

 

38,768

 

Less: Imputed interest

 

 

(7,616

)

Present value of lease liabilities

 

$

31,152