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LEASES | 12 Months Ended
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Dec. 31, 2025
Leases [Abstract] |
LEASES | NOTE 11 - LEASES The Company leases real estate, equipment, and vehicles. The Company’s most significant individual lease arrangements relate to real estate with lease terms ranging from 1 to 30 years. Lease terms include renewal or termination options the Company is reasonably certain to exercise. In May 2024, the Company sublet the leased space that previously housed its corporate headquarters in Orlando, FL and has no further involvement in that property. The Company recognized a $0.8 million impairment on the related ROU asset, which is recorded in other (income)/expense, net in the Consolidated Statements of Comprehensive Loss. The components of lease expense and supplemental cash flow information related to leases for the period are as follows:
|  | Year Ended December 31, |
(in thousands) |  | 2025 |  |  | 2024 |  |  | 2023 |
Lease cost |  |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 8,279 |  |  | $ | 5,668 |  |  | $ | 4,171 |
Short-term lease cost |  |  | 1,706 |  |  |  | 1,447 |  |  |  | 1,175 |
Total lease cost |  | $ | 9,985 |  |  | $ | 7,115 |  |  | $ | 5,346 |
Other information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 7,723 |  |  | $ | 5,401 |  |  | $ | 3,772 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 550 |  |  | $ | 31,527 |  |  | $ | 13,578 |
The weighted-average remaining lease term and weighted-average discount rate for our operating lease liabilities as of December 31, 2025 were 14.1 years and 6.5%, respectively. The supplemental balance sheet information related to leases for the period is as follows:
|  | December 31, |
(in thousands) |  | 2025 |  |  | 2024 |
Operating lease right-of-use assets |  | $ | 54,226 |  |  | $ | 56,833 |
Operating lease liabilities |  |  |  |  |  |
Accrued expenses and other current liabilities |  | $ | 3,061 |  |  | $ | 3,110 |
Operating lease right-of-use liabilities |  |  | 52,350 |  |  |  | 54,665 |
Total operating lease liabilities |  | $ | 55,411 |  |  | $ | 57,775 |
Maturities of the Company’s lease liabilities are as follows (in thousands):
Year Ended December 31, |  | Lease Liabilities |
2026 |  | $ | 6,543 |
2027 |  |  | 7,360 |
2028 |  |  | 6,113 |
2029 |  |  | 5,902 |
2030 |  |  | 5,999 |
Thereafter |  |  | 60,343 |
Total future minimum lease payments |  |  | 92,260 |
Less: Imputed interest |  |  | (36,849 | )
Present value of lease liabilities |  | $ | 55,411 |
Sale-leaseback Transaction The Company is party to a sale-leaseback arrangement with The Development Authority of Augusta, Georgia (“AEDA”) related to the Augusta Facility. The improvements and equipment, when completed and placed in service, will be transferred to the AEDA and leased back by PCT. The arrangement has an initial expiration date in 2044 and continues to provide local property tax incentives to the Company.

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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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