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Leases
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases Leases
The Company's operating lease right-of-use assets and operating lease liabilities represent leases for office and warehouse space, machinery and equipment, and vehicles, among other items. The Company's finance lease right-of-use assets and finance lease liabilities represent leases for vehicles. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to three years.
Lease costs recognized on the consolidated statements of operations were as follows:
(in thousands)Year ended December 31,
Lease costsLocation in statement of operations202520242023
OperatingCost of goods sold$2,486 $2,497 $2,450 
Selling, general and administrative23,310 21,043 19,777 
Research and development1,056 1,166 1,099 
Finance
     Amortization of lease assetsSelling, general and administrative636 600 475 
     Interest on lease liabilitiesInterest expense, net92 108 86 
 Short-term and low value lease cost400 904 1,472 
 Variable lease cost3,220 3,056 2,486 
Total lease cost$31,200 $29,374 $27,845 
Supplemental balance sheet information related to the Company's leases is as follows:
December 31,
(in thousands)Balance sheet location20252024
Right-of-use assets
FinanceProperty, plant and equipment, net$1,438 $1,861 
OperatingOther assets125,655 75,655 
Total lease assets$127,093 $77,516 
Lease liabilities
FinanceAccrued expenses and other liabilities$550 $599 
OperatingAccrued expenses and other liabilities24,442 19,513 
FinanceLong-term debt883 1,262 
OperatingOther noncurrent liabilities105,375 60,168 
Total lease liabilities$131,250 $81,542 
The weighted average remaining lease term and the weighted average discount rate for leases is as follows:
Year ended December 31,
202520242023
Weighted average remaining lease term (years):
Operating7.25.66.2
Finance2.93.64.3
Weighted average discount rate:
Operating4.35 %4.58 %4.01 %
Finance5.59 %5.13 %4.52 %
The following table reconciles the undiscounted cash flows for leases as of December 31, 2025 to lease liabilities recorded on the consolidated balance sheet:
Operating Finance
(in thousands)LeasesLeasesTotal
2026$29,600 $616 $30,216 
202727,674 514 28,188 
202822,208 306 22,514 
202915,514 118 15,632 
203011,525 11,530 
Thereafter45,466 — 45,466 
Total future lease payments151,987 1,559 153,546 
Less: Interest(22,170)(126)(22,296)
Present value of lease liabilities$129,817 $1,433 $131,250 
Accrued expenses and other liabilities$24,442 $550 $24,992 
Long-term debt— 883 883 
Other noncurrent liabilities105,375 — 105,375 
Total lease liabilities$129,817 $1,433 $131,250 
Supplemental cash flow information related to the Company's leases are as follows:
Year ended December 31,
(in thousands)202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$26,686 $24,143 $21,623 
Operating cash flows for finance leases92 108 86 
Financing cash flows for finance leases638 603 478 
Leases Leases
The Company's operating lease right-of-use assets and operating lease liabilities represent leases for office and warehouse space, machinery and equipment, and vehicles, among other items. The Company's finance lease right-of-use assets and finance lease liabilities represent leases for vehicles. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to three years.
Lease costs recognized on the consolidated statements of operations were as follows:
(in thousands)Year ended December 31,
Lease costsLocation in statement of operations202520242023
OperatingCost of goods sold$2,486 $2,497 $2,450 
Selling, general and administrative23,310 21,043 19,777 
Research and development1,056 1,166 1,099 
Finance
     Amortization of lease assetsSelling, general and administrative636 600 475 
     Interest on lease liabilitiesInterest expense, net92 108 86 
 Short-term and low value lease cost400 904 1,472 
 Variable lease cost3,220 3,056 2,486 
Total lease cost$31,200 $29,374 $27,845 
Supplemental balance sheet information related to the Company's leases is as follows:
December 31,
(in thousands)Balance sheet location20252024
Right-of-use assets
FinanceProperty, plant and equipment, net$1,438 $1,861 
OperatingOther assets125,655 75,655 
Total lease assets$127,093 $77,516 
Lease liabilities
FinanceAccrued expenses and other liabilities$550 $599 
OperatingAccrued expenses and other liabilities24,442 19,513 
FinanceLong-term debt883 1,262 
OperatingOther noncurrent liabilities105,375 60,168 
Total lease liabilities$131,250 $81,542 
The weighted average remaining lease term and the weighted average discount rate for leases is as follows:
Year ended December 31,
202520242023
Weighted average remaining lease term (years):
Operating7.25.66.2
Finance2.93.64.3
Weighted average discount rate:
Operating4.35 %4.58 %4.01 %
Finance5.59 %5.13 %4.52 %
The following table reconciles the undiscounted cash flows for leases as of December 31, 2025 to lease liabilities recorded on the consolidated balance sheet:
Operating Finance
(in thousands)LeasesLeasesTotal
2026$29,600 $616 $30,216 
202727,674 514 28,188 
202822,208 306 22,514 
202915,514 118 15,632 
203011,525 11,530 
Thereafter45,466 — 45,466 
Total future lease payments151,987 1,559 153,546 
Less: Interest(22,170)(126)(22,296)
Present value of lease liabilities$129,817 $1,433 $131,250 
Accrued expenses and other liabilities$24,442 $550 $24,992 
Long-term debt— 883 883 
Other noncurrent liabilities105,375 — 105,375 
Total lease liabilities$129,817 $1,433 $131,250 
Supplemental cash flow information related to the Company's leases are as follows:
Year ended December 31,
(in thousands)202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$26,686 $24,143 $21,623 
Operating cash flows for finance leases92 108 86 
Financing cash flows for finance leases638 603 478