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Leases

6 Months Ended

Jun. 30, 2026

10. LEASES

Future lease payments under non-cancelable leases at June 30, 2026 consist of the following:


	June 30,
(In thousands)	2026
2026		5,782
2027		10,712
2028		10,626
2029		9,826
2030		9,522
Thereafter		41,026
Total operating lease payments	$	87,494
Less: imputed interest		(18,041	)
Total operating lease liabilities	$	69,453

At June 30, 2026, the weighted average incremental borrowing rate and the weighted average remaining lease term for all operating leases held by the Company were 3.5% and 5.3 years, respectively. Cash paid for lease liabilities was $2.9 million and $5.7 million during the three and six months ended June 30, 2026, respectively, as compared to $2.6 million and $5.1 million during the three and six months ended June 30, 2025, respectively. The Company recorded operating lease expense of $2.2 million and $4.4 million during the three and six months ended June 30, 2026, respectively, as compared to $1.9 million and $3.7 million during the three and six months ended June 30, 2025, respectively.

In July 2026, the Company entered into a lease agreement for approximately 9,000 square feet of office space located at Five Park Place, Dublin, Ireland (“Five Park Place”). The initial term of the lease commences on August 1, 2026 (the “Commencement Date”) and expires on August 1, 2036. In accordance with ASC Topic 842, Leases, the future lease payments as of June 30, 2026 outlined above do not include any Five Park Place payments.