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Lease Arrangements | 6 Months Ended
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Jun. 30, 2026
Leases [Abstract] |
Lease Arrangements | Lease Arrangements We lease property in multiple facilities across the U.S., Italy, and Ireland, including facilities located in El Segundo, CA and the Dunkirk Facility in upstate New York. Substantially all of our operating lease right-of-use assets and operating lease liabilities are related to facilities leases. Our finance leases are related to equipment rentals. See Note 12 “Related-Party Agreements” for more information about our related-party leases. Our leases generally have initial terms ranging from two to ten years and often include one or more options to renew. These renewal terms can extend the lease term from one to ten years and are included in the lease term when it is reasonably certain that we will exercise the option. Supplemental balance sheet information related to our leases is as follows (in thousands):
| Classification |  | June 30, 2026 |  | December 31, 2025
Assets |  |  |  |  |
Operating lease assets (including amounts with related parties) | Operating lease right-of-use assets |  | $ | 31,271 |  |  | $ | 33,010 |
Finance lease assets | Other assets |  | 240 |  |  | 271 |
Total lease assets (including amounts with related parties) |  |  | $ | 31,511 |  |  | $ | 33,281 |
Liabilities |  |  |  |  |
Current: |  |  |  |  |
Operating lease liabilities (including amounts with related parties) | Operating lease liabilities |  | $ | 7,508 |  |  | $ | 7,535 |
Finance lease liabilities | Accrued expenses and other liabilities |  | 55 |  |  | 52 |
Noncurrent: |  |  |  |  |
Operating lease liabilities (including amounts with related parties) | Operating lease liabilities, less current portion |  | 31,203 |  |  | 33,447 |
Finance lease liabilities | Other liabilities |  | 199 |  |  | 227 |
Total lease liabilities (including amounts with related parties) |  |  | $ | 38,965 |  |  | $ | 41,261 |
Information regarding our lease terms is as follows:
| June 30, 2026 |  | December 31, 2025
Weighted-average remaining lease term: |  |  |
Operating leases | 4.3 years |  | 4.6 years
Finance leases | 3.9 years |  | 4.4 years
Weighted-average discount rate: |  |  |
Operating leases | 11.1 | % |  | 11.1 | %
Finance leases | 11.6 | % |  | 11.6 | %
Cash paid for amounts included in the measurement of lease liabilities is as follows (in thousands):
| Six Months Ended June 30,
| 2026 |  | 2025
Cash paid for operating leases (excluding variable lease costs) | $ | 6,312 |  |  | $ | 5,855 |
Financing cash flow from finance leases | 25 |  |  | 4 |
Operating cash flow from finance leases | 14 |  |  | 3 |
Future minimum lease payments as of June 30, 2026, including $13.0 million related to options to extend lease terms that are reasonably certain of being exercised, are presented in the following table (in thousands). Common area maintenance costs and taxes are not included in these payments.
Years Ending December 31: |  | Operating Leases |  | Finance Leases |  | Total
2026 (excluding the six months ended June 30, 2026) |  | $ | 5,607 |  |  | $ | 40 |  |  | $ | 5,647 |
2027 |  | 11,175 |  |  | 79 |  |  | 11,254 |
2028 |  | 11,349 |  |  | 79 |  |  | 11,428 |
2029 |  | 10,221 |  |  | 79 |  |  | 10,300 |
2030 |  | 7,837 |  |  | 34 |  |  | 7,871 |
2031 |  | 1,523 |  |  | — |  |  | 1,523 |
Thereafter |  | 458 |  |  | — |  |  | 458 |
Total future minimum lease payments |  | 48,170 |  |  | 311 |  |  | 48,481 |
Less: Interest |  | 9,459 |  |  | 57 |  |  | 9,516 |
Present value of lease liabilities |  | $ | 38,711 |  |  | $ | 254 |  |  | $ | 38,965 |
There have been no material changes related to our existing lease agreements from those disclosed in Note 10 “Lease Arrangements” of the “Notes to Consolidated Financial Statements” that appears in Part II, Item 8. “Financial Statements and Supplementary Data” of our Annual Report filed with the SEC on February 23, 2026.
Lease Arrangements | Lease Arrangements We lease property in multiple facilities across the U.S., Italy, and Ireland, including facilities located in El Segundo, CA and the Dunkirk Facility in upstate New York. Substantially all of our operating lease right-of-use assets and operating lease liabilities are related to facilities leases. Our finance leases are related to equipment rentals. See Note 12 “Related-Party Agreements” for more information about our related-party leases. Our leases generally have initial terms ranging from two to ten years and often include one or more options to renew. These renewal terms can extend the lease term from one to ten years and are included in the lease term when it is reasonably certain that we will exercise the option. Supplemental balance sheet information related to our leases is as follows (in thousands):
| Classification |  | June 30, 2026 |  | December 31, 2025
Assets |  |  |  |  |
Operating lease assets (including amounts with related parties) | Operating lease right-of-use assets |  | $ | 31,271 |  |  | $ | 33,010 |
Finance lease assets | Other assets |  | 240 |  |  | 271 |
Total lease assets (including amounts with related parties) |  |  | $ | 31,511 |  |  | $ | 33,281 |
Liabilities |  |  |  |  |
Current: |  |  |  |  |
Operating lease liabilities (including amounts with related parties) | Operating lease liabilities |  | $ | 7,508 |  |  | $ | 7,535 |
Finance lease liabilities | Accrued expenses and other liabilities |  | 55 |  |  | 52 |
Noncurrent: |  |  |  |  |
Operating lease liabilities (including amounts with related parties) | Operating lease liabilities, less current portion |  | 31,203 |  |  | 33,447 |
Finance lease liabilities | Other liabilities |  | 199 |  |  | 227 |
Total lease liabilities (including amounts with related parties) |  |  | $ | 38,965 |  |  | $ | 41,261 |
Information regarding our lease terms is as follows:
| June 30, 2026 |  | December 31, 2025
Weighted-average remaining lease term: |  |  |
Operating leases | 4.3 years |  | 4.6 years
Finance leases | 3.9 years |  | 4.4 years
Weighted-average discount rate: |  |  |
Operating leases | 11.1 | % |  | 11.1 | %
Finance leases | 11.6 | % |  | 11.6 | %
Cash paid for amounts included in the measurement of lease liabilities is as follows (in thousands):
| Six Months Ended June 30,
| 2026 |  | 2025
Cash paid for operating leases (excluding variable lease costs) | $ | 6,312 |  |  | $ | 5,855 |
Financing cash flow from finance leases | 25 |  |  | 4 |
Operating cash flow from finance leases | 14 |  |  | 3 |
Future minimum lease payments as of June 30, 2026, including $13.0 million related to options to extend lease terms that are reasonably certain of being exercised, are presented in the following table (in thousands). Common area maintenance costs and taxes are not included in these payments.
Years Ending December 31: |  | Operating Leases |  | Finance Leases |  | Total
2026 (excluding the six months ended June 30, 2026) |  | $ | 5,607 |  |  | $ | 40 |  |  | $ | 5,647 |
2027 |  | 11,175 |  |  | 79 |  |  | 11,254 |
2028 |  | 11,349 |  |  | 79 |  |  | 11,428 |
2029 |  | 10,221 |  |  | 79 |  |  | 10,300 |
2030 |  | 7,837 |  |  | 34 |  |  | 7,871 |
2031 |  | 1,523 |  |  | — |  |  | 1,523 |
Thereafter |  | 458 |  |  | — |  |  | 458 |
Total future minimum lease payments |  | 48,170 |  |  | 311 |  |  | 48,481 |
Less: Interest |  | 9,459 |  |  | 57 |  |  | 9,516 |
Present value of lease liabilities |  | $ | 38,711 |  |  | $ | 254 |  |  | $ | 38,965 |
There have been no material changes related to our existing lease agreements from those disclosed in Note 10 “Lease Arrangements” of the “Notes to Consolidated Financial Statements” that appears in Part II, Item 8. “Financial Statements and Supplementary Data” of our Annual Report filed with the SEC on February 23, 2026.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance 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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- 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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