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Lease Arrangements
6 Months Ended
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 12Related-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):
ClassificationJune 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 assetsOther assets240 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 liabilitiesAccrued expenses and other liabilities55 52 
Noncurrent:
Operating lease liabilities (including
   amounts with related parties)
Operating lease liabilities, less current portion31,203 33,447 
Finance lease liabilitiesOther liabilities199 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 leases4.3 years4.6 years
Finance leases3.9 years4.4 years
Weighted-average discount rate:
Operating leases11.1%11.1%
Finance leases11.6%11.6%
Cash paid for amounts included in the measurement of lease liabilities is as follows (in thousands):
Six Months Ended
June 30,
20262025
Cash paid for operating leases (excluding variable lease costs)$6,312 $5,855 
Financing cash flow from finance leases25 
Operating cash flow from finance leases14 
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 
202711,175 79 11,254 
202811,349 79 11,428 
202910,221 79 10,300 
20307,837 34 7,871 
20311,523 — 1,523 
Thereafter458 — 458 
Total future minimum lease payments48,170 311 48,481 
Less: Interest9,459 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 12Related-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):
ClassificationJune 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 assetsOther assets240 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 liabilitiesAccrued expenses and other liabilities55 52 
Noncurrent:
Operating lease liabilities (including
   amounts with related parties)
Operating lease liabilities, less current portion31,203 33,447 
Finance lease liabilitiesOther liabilities199 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 leases4.3 years4.6 years
Finance leases3.9 years4.4 years
Weighted-average discount rate:
Operating leases11.1%11.1%
Finance leases11.6%11.6%
Cash paid for amounts included in the measurement of lease liabilities is as follows (in thousands):
Six Months Ended
June 30,
20262025
Cash paid for operating leases (excluding variable lease costs)$6,312 $5,855 
Financing cash flow from finance leases25 
Operating cash flow from finance leases14 
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 
202711,175 79 11,254 
202811,349 79 11,428 
202910,221 79 10,300 
20307,837 34 7,871 
20311,523 — 1,523 
Thereafter458 — 458 
Total future minimum lease payments48,170 311 48,481 
Less: Interest9,459 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.