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v3.25.1

7. Leases (Tables) | 3 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Schedule of lease cost and related information | The following table presents certain quantitative information related to our lease arrangements for the three months ended March 31, 2025 and 2024, and as of March 31, 2025 and December 31, 2024 (in thousands):
|  |  |  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2025 |  | 2024
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  |  |  |  | $ | 398 |  | $ | 116
Interest on lease liabilities |  |  |  |  |  | 532 |  | 230
Operating lease cost |  |  |  |  |  | 4,115 |  | 3,221
Variable lease cost |  |  |  |  |  | 895 |  | 709
Short-term lease cost |  |  |  |  |  | 274 |  | 184
Total lease cost |  |  |  |  |  | $ | 6,214 |  | $ | 4,460
Cash paid for amounts included in the measurement of: |  |  |  |  |  |  |  |
Operating lease liabilities |  |  |  |  |  | $ | 3,846 |  | $ | 3,001
Finance lease liabilities |  |  |  |  |  | 465 |  | 46
Lease assets obtained in exchange for operating lease liabilities |  | $ | 1,167 |  | $ | 506
|  | March 31, 2025 |  | December 31, 2024
|  | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
Lease assets |  | $ | 110,221 |  | $ | 28,841 |  | $ | 114,283 |  | $ | 29,262
Lease liabilities – current |  | 11,946 |  | 1,709 |  | 11,799 |  | 1,482
Lease liabilities – noncurrent |  | 62,238 |  | 29,356 |  | 66,211 |  | 29,532
Weighted-average remaining lease term |  | 9 years |  | 27 years |  | 9 years |  | 28 years
Weighted-average discount rate |  | 5.5 | % |  | 6.6 | % |  | 5.5 | % |  | 6.6 | %
Operating lease liability maturity | As of March 31, 2025, the future payments associated with our lease liabilities were as follows (in thousands):
|  | Operating Leases |  | Finance Leases
Remainder of 2025 |  | $ | 11,446 |  |  | $ | 1,452 |
2026 |  | 14,344 |  |  | 2,785 |
2027 |  | 11,452 |  |  | 2,829 |
2028 |  | 10,880 |  |  | 2,882 |
2029 |  | 9,151 |  |  | 2,960 |
2030 |  | 3,738 |  |  | 3,001 |
Thereafter |  | 35,254 |  |  | 52,241 |
Total future payments |  | 96,265 |  |  | 68,150 |
Less: interest |  | (22,081) |  |  | (37,085) |
Total lease liabilities |  | $ | 74,184 |  |  | $ | 31,065 |
Finance lease liabilities maturity | As of March 31, 2025, the future payments associated with our lease liabilities were as follows (in thousands):
|  | Operating Leases |  | Finance Leases
Remainder of 2025 |  | $ | 11,446 |  |  | $ | 1,452 |
2026 |  | 14,344 |  |  | 2,785 |
2027 |  | 11,452 |  |  | 2,829 |
2028 |  | 10,880 |  |  | 2,882 |
2029 |  | 9,151 |  |  | 2,960 |
2030 |  | 3,738 |  |  | 3,001 |
Thereafter |  | 35,254 |  |  | 52,241 |
Total future payments |  | 96,265 |  |  | 68,150 |
Less: interest |  | (22,081) |  |  | (37,085) |
Total lease liabilities |  | $ | 74,184 |  |  | $ | 31,065 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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