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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
Lessee Information

We have operating leases for our digital treatment planning and office facilities, retail spaces, vehicles and office equipment. The components of lease expense consist of following (in thousands):
Year Ended December 31,
Lease Cost202420232022
Operating lease cost 1
$42,299 $44,614 $37,919 
Variable lease cost 2
3,630 16,013 22,084 
Total lease cost $45,929 $60,627 $60,003 
1    Includes expense associated with short term leases, lease terms of 12 months or less, which is not material.
2    Includes payments related to agreements with embedded leases that are not otherwise reflected on the balance sheet.

The following table provides a summary of our operating lease terms and discount rates:
December 31,
Remaining Lease Term and Discount Rate20242023
Weighted average remaining lease term (in years)5.46.2
Weighted average discount rate 3.8 %3.7 %
As of December 31, 2024, the future payments related to our operating lease liabilities are as follows (in thousands):

Fiscal Year Ending December 31,Operating Leases
2025$35,195 
202630,857 
202722,103 
202816,624 
202910,225 
Thereafter15,517 
Total lease payments130,521 
Less: Imputed interest(11,244)
Total lease liabilities$119,277 

As of December 31, 2024, we had additional leases that had not commenced with future lease payments of $2.6 million. These leases will commence during 2025 with non-cancelable lease terms of two to five years.

Lessor Information

We lease iTero intraoral scanners to customers which are classified as operating leases. Our portfolio of leased iTero scanners included in Property, plant and equipment, net are as follows:

December 31,
20242023
Scanners under operating leases, gross$33,770 $27,145 
Less: accumulated depreciation(12,038)(9,815)
Scanners under operating leases, net$21,732 $17,330 

As of December 31, 2024, the future lease payments due to us are as follows (in thousands):
Fiscal Year Ending December 31,Operating Leases
2025$24,797 
202616,296 
20275,865 
Total lease payments$46,958 

For the year ended December 31, 2024, 2023 and 2022, operating lease income was $21.7 million, $16.6 million and $12.3 million, respectively. Operating lease income is recorded in net revenues in our Consolidated Statements of Operations.
Leases Leases
Lessee Information

We have operating leases for our digital treatment planning and office facilities, retail spaces, vehicles and office equipment. The components of lease expense consist of following (in thousands):
Year Ended December 31,
Lease Cost202420232022
Operating lease cost 1
$42,299 $44,614 $37,919 
Variable lease cost 2
3,630 16,013 22,084 
Total lease cost $45,929 $60,627 $60,003 
1    Includes expense associated with short term leases, lease terms of 12 months or less, which is not material.
2    Includes payments related to agreements with embedded leases that are not otherwise reflected on the balance sheet.

The following table provides a summary of our operating lease terms and discount rates:
December 31,
Remaining Lease Term and Discount Rate20242023
Weighted average remaining lease term (in years)5.46.2
Weighted average discount rate 3.8 %3.7 %
As of December 31, 2024, the future payments related to our operating lease liabilities are as follows (in thousands):

Fiscal Year Ending December 31,Operating Leases
2025$35,195 
202630,857 
202722,103 
202816,624 
202910,225 
Thereafter15,517 
Total lease payments130,521 
Less: Imputed interest(11,244)
Total lease liabilities$119,277 

As of December 31, 2024, we had additional leases that had not commenced with future lease payments of $2.6 million. These leases will commence during 2025 with non-cancelable lease terms of two to five years.

Lessor Information

We lease iTero intraoral scanners to customers which are classified as operating leases. Our portfolio of leased iTero scanners included in Property, plant and equipment, net are as follows:

December 31,
20242023
Scanners under operating leases, gross$33,770 $27,145 
Less: accumulated depreciation(12,038)(9,815)
Scanners under operating leases, net$21,732 $17,330 

As of December 31, 2024, the future lease payments due to us are as follows (in thousands):
Fiscal Year Ending December 31,Operating Leases
2025$24,797 
202616,296 
20275,865 
Total lease payments$46,958 

For the year ended December 31, 2024, 2023 and 2022, operating lease income was $21.7 million, $16.6 million and $12.3 million, respectively. Operating lease income is recorded in net revenues in our Consolidated Statements of Operations.