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Leases
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
The Company has operating leases for certain facilities, vehicles, and machinery and equipment with remaining lease terms up to 10 years. Operating lease expense is recognized on a straight-line basis over the lease term. In addition, the Company has certain land use leases with remaining lease terms up to 90 years.
The Company had no material variable lease costs, sublease income, or finance leases for the three and six months ended June 30, 2025 and 2024. The components of the Company’s lease expense are as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Operating lease expense$4,302 $3,727 $8,010 $7,470 
Short-term lease expense140 193 284 392 
Supplemental cash flow information related to the Company’s leases is as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$4,261 $3,736 $7,845 $7,397 
Non-cash lease liabilities activity:
Leased assets obtained in exchange for new operating lease liabilities6,605 2,130 10,482 5,364 
Supplemental balance sheet information related to the Company’s leases is as follows:
June 30,
2025
December 31,
2024
Right-of-use lease assets$40,610 $34,120 
Other accrued liabilities12,830 10,619 
Long-term lease liabilities24,315 20,028 
Total operating lease liabilities$37,145 $30,647 
Weighted average remaining lease term (years)9.55.0
Weighted average discount rate6.16 %5.63 %
Maturities of operating lease liabilities as of June 30, 2025 were as follows:
For the remainder of 2025$8,028 
For the year ended December 31, 202612,475 
For the year ended December 31, 20277,905 
For the year ended December 31, 20285,284 
For the year ended December 31, 20293,402 
For the year ended December 31, 2030 and beyond6,707 
  Total lease payments43,801 
    Less: imputed interest(6,656)
Present value of lease liabilities (1)
$37,145 
(1) During the year ended December 31, 2024, the Company entered into a new lease agreement for office and laboratory space in Radnor, Pennsylvania for the purposes of relocating its global headquarters. The lease is expected to commence in the third quarter of 2025 with a total lease commitment of $79.7 million. The $79.7 million of future lease commitments relating to this lease were not included in the lease liabilities balance as of June 30, 2025.