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v3.25.4

Leases | 12 Months Ended
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Dec. 31, 2025
Leases [Abstract] |
Leases | Note 10. Leases LivaNova has operating leases primarily for (i) office space; (ii) manufacturing, warehouse, and R&D facilities; and (iii) vehicles. LivaNova’s leases include options to extend the leases, and some of which include options to terminate the leases at the Company’s sole discretion. The following table presents the components of operating lease assets and liabilities (in thousands):
|  | December 31,
|  | 2025 |  | 2024
Assets: |  |  |  |
Operating lease right-of-use assets |  | $ | 55,519 |  |  | $ | 46,837 |
Liabilities: |  |  |  |
Accrued liabilities and other |  | $ | 8,788 |  |  | $ | 9,040 |
Long-term operating lease liabilities |  | 48,327 |  |  | 40,105 |
Total lease liabilities |  | $ | 57,115 |  |  | $ | 49,145 |
The following table presents the components of operating lease cost (in thousands):
|  | 2025 |  | 2024 |  | 2023
Operating lease cost |  | $ | 12,893 |  |  | $ | 11,333 |  |  | $ | 10,286 |
Variable lease cost |  | 433 |  |  | 964 |  |  | 871 |
Short-term lease cost |  | 708 |  |  | 749 |  |  | 644 |
Total lease cost |  | $ | 14,034 |  |  | $ | 13,046 |  |  | $ | 11,801 |
The following table presents the contractual maturities of LivaNova’s lease liabilities as of December 31, 2025 (in thousands):
|  | Operating Leases
2026 |  | $ | 11,853 |
2027 |  | 10,496 |
2028 |  | 9,416 |
2029 |  | 7,960 |
2030 |  | 7,170 |
Thereafter |  | 26,563 |
Total lease payments |  | 73,458 |
Less: Amount representing interest |  | 16,343 |
Present value of lease liabilities |  | $ | 57,115 |
The following table presents the weighted-average remaining lease terms and discount rates:
|  | December 31,
|  | 2025 |  | 2024
Weighted average remaining lease term: |  |  |  |
Operating leases |  | 8.1 years |  | 8.7 years
Weighted average discount rate: |  |  |  |
Operating leases |  | 6.3% |  | 5.9%
The following table presents the supplemental lease information (in thousands):
|  | 2025 |  | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows for operating leases |  | $ | 13,259 |  |  | $ | 12,412 |  |  | $ | 11,652 |
Lease assets obtained in exchange for lease liabilities: |  |  |  |  |  |
Operating leases |  | 12,161 |  |  | 7,373 |  |  | 24,800 |

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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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