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Leases | 12 Months Ended
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Dec. 31, 2025
Leases [Abstract] |
Leases | 6. Leases The Company is a lessee under leases of manufacturing facilities, office spaces, machinery, certain office equipment and vehicles. The Company’s leases primarily consist of operating leases with remaining lease ter ms between one year and ten years. Finance leases are immaterial to the Company’s consolidated financial statements. Some of the lease agreements the Company enters into include Company options to either extend and/or early terminate the lease, the costs of which are included in the Company’s operating lease liabilities to the extent that such options are reasonably certain of being exercised. Leases with renewal options allow the Company to extend the lease term typically between one and five years per option, some of its leases have multiple options to extend. When determining if a renewal option is reasonably certain of being exercised, the Company considers several economic factors, including but not limited to, the significance of leasehold improvements incurred on the property, whether the asset is difficult to replace, underlying contractual obligations, or specific characteristics unique to that particular lease that would make it reasonably certain that the Company would exercise such options. Future minimum lease payments under the Company’s leases as of December 31, 2025 were as follows:
For the Years Ended December 31, |  | Amounts in thousands |
2026 |  | $ | 27,619 |
2027 |  |  | 26,332 |
2028 |  |  | 26,250 |
2029 |  |  | 26,455 |
2030 |  |  | 23,098 |
2031 and thereafter |  |  | 43,157 |
Total future minimum lease payments |  |  | 172,911 |
Less amount of lease payment representing interest |  |  | (25,176 | )
Total operating lease liabilities |  | $ | 147,735 |
Operating lease liabilities |  |  | 21,559 |
Noncurrent operating lease liabilities |  |  | 126,176 |
Total operating lease liabilities |  | $ | 147,735 |
Lease expense or operating lease cost is recognized on a straight-line basis over the lease term, and variable lease cost is recognized in the period incurred. For the years ended December 31, 2025, 2024 and 2023, total lease cost is comprised of the following:
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | (Amounts in thousands) |
Operating lease cost |  | $ | 25,200 |  |  | $ | 24,234 |  |  | $ | 20,981 |
Variable lease cost |  |  | 4,458 |  |  |  | 4,482 |  |  |  | 4,075 |
Lease cost |  | $ | 29,658 |  |  | $ | 28,716 |  |  | $ | 25,056 |
The following tables represent other information related to leases:
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | (Amounts in thousands) |
Cash payments included in operating cash flows from leases |  | $ | (25,785 | ) |  | $ | (23,806 | ) |  | $ | (17,862 | )
Assets acquired under operating leases |  | $ | 5,352 |  |  | $ | 37,894 |  |  | $ | 4,335 |
|  | December 31, |
|  | 2025 |  |  | 2024 |
Weighted average remaining lease term (years) |  |  | 6.68 |  |  |  | 7.53 |
Weighted average discount rate |  |  | 4.56 | % |  |  | 4.56 | %

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- 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
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