v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Operating Lease Expense
The components of total operating lease expense and sublease income are as follows for the periods indicated:
Three Months Ended March 31,
(in thousands)20262025
Operating lease costs$942 $911 
Short-term lease costs31 127 
Variable lease costs345 59 
Total operating lease expense$1,318 $1,097 
Sublease income$270 $269 
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to the operating and financing leases is as follows as of the periods indicated:
(in thousands, except lease term and discount rate)March 31, 2026December 31, 2025
Operating Leases
Right-of-use operating assets$14,280 $12,732 
Current maturities of long-term lease obligations$2,096 $2,354 
Long-term lease obligations$18,500 $16,838 
Financing Leases
Right-of-use financing assets, net of accumulated amortization (1)
$40 $44 
Current maturities of long-term lease obligations $19 $18 
Long-term lease obligations $27 $32 
Weighted average operating lease term:
7.8 years8.1 years
Weighted average financing lease term:
2.5 years1.8 years
Weighted average discount rate - operating leases
10.29%10.87%
Weighted average discount rate - financing leases
13.59%8.01%
__________
(1)Financing leases are included in Property and equipment, net on the Condensed Consolidated Balance Sheets.
Schedule of Operating Lease Maturity
Future minimum lease payments under operating and financing leases as of March 31, 2026 are as follows:
(in thousands)
2026 (excluding the three months ended March 31, 2026)$3,203 
20273,569 
20283,587 
20293,665 
20303,593 
Thereafter12,793 
Total30,410 
Less: Imputed interest(9,768)
Total lease obligations20,642 
Less: Current maturities of long-term lease obligations
(2,115)
Long-term lease obligations$18,527 
Schedule of Finance Lease Maturity
Future minimum lease payments under operating and financing leases as of March 31, 2026 are as follows:
(in thousands)
2026 (excluding the three months ended March 31, 2026)$3,203 
20273,569 
20283,587 
20293,665 
20303,593 
Thereafter12,793 
Total30,410 
Less: Imputed interest(9,768)
Total lease obligations20,642 
Less: Current maturities of long-term lease obligations
(2,115)
Long-term lease obligations$18,527