XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.25.1

Leases | 3 Months Ended
--- | ---
Mar. 31, 2025
Leases [Abstract] |
Leases | Leases The Company leases office space, domestically and internationally, under operating leases. The Company’s leases have remaining lease terms generally between one year and eight years. Operating leases are included in operating lease right-of-use (“ROU”) assets, operating lease liabilities and long-term operating lease liabilities on the Company’s Unaudited Condensed Consolidated Balance Sheets. The Company does not have any finance leases. The table below reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded in the Unaudited Condensed Consolidated Balance Sheet as of March 31, 2025 (in thousands):
Years ending December 31, |  | Amount
2025 (remaining nine months) |  | $ | 5,346 |
2026 |  | 7,511 |
2027 |  | 5,991 |
2028 |  | 4,858 |
2029 |  | 4,871 |
Thereafter |  | 4,918 |
Total minimum lease payments |  | 33,495 |
Less: amount of lease payments representing interest |  | (4,301) |
Present value of future minimum lease payments |  | 29,194 |
Less: current obligations under leases |  | (5,727) |
Long-term lease obligations |  | $ | 23,467 |
As of March 31, 2025, the weighted-average remaining lease term for the Company’s operating leases was 5.1 years and the weighted-average discount rate used to determine the present value of the Company’s operating leases was 7.6%. Operating lease costs included in research and development and selling, general and administrative costs in the Unaudited Condensed Consolidated Statements of Income were $1.5 million and $1.2 million for the three months ended March 31, 2025 and 2024, respectively. Cash paid for amounts included in the measurement of operating lease liabilities was $1.8 million and $1.5 million for the three months ended March 31, 2025 and 2024, respectively.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration