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Leases and Other (Tables) | 6 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
Summary of Balance Sheet Presentation of Operating and Finance Leases | The balance sheet presentation of our operating and finance leases is as follows:
|  |  |  | June 30, |  |  | December 31, |
(in thousands) |  | Classification on the Condensed Consolidated Balance Sheet |  | 2025 |  |  | 2024 |
Assets: |  |  |  |  |  |  |  |
Operating lease ROU assets |  | Operating lease ROU assets |  | $ | 27,191 |  |  | $ | 26,765 |
Finance lease ROU assets, net |  | Property and equipment, net |  |  | 54,184 |  |  |  | 48,103 |
Total lease ROU assets |  |  |  | $ | 81,375 |  |  | $ | 74,868 |
Liabilities: |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |
Operating lease obligations |  | Operating lease obligations |  | $ | 3,771 |  |  | $ | 3,084 |
Finance lease obligations |  | Current portion of debt and finance obligations |  |  | 1,009 |  |  |  | 883 |
Noncurrent: |  |  |  |  |  |  |  |
Operating lease obligations |  | Long-term operating lease obligations |  |  | 35,996 |  |  |  | 36,336 |
Finance lease obligations |  | Long-term debt and finance obligations |  |  | 59,179 |  |  |  | 57,684 |
Total lease liabilities |  |  |  | $ | 99,955 |  |  | $ | 97,987 |
Components of Lease Expense | The components of lease expense consisted of the following:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(in thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of ROU assets |  | $ | 503 |  |  | $ | 520 |  |  | $ | 986 |  |  | $ | 1,038 |
Interest on lease liabilities |  |  | 1,337 |  |  |  | 1,342 |  |  |  | 2,666 |  |  |  | 2,700 |
Operating lease cost |  |  | 1,747 |  |  |  | 1,653 |  |  |  | 3,394 |  |  |  | 3,317 |
Short-term lease cost |  |  | 775 |  |  |  | 767 |  |  |  | 1,261 |  |  |  | 1,185 |
Variable lease cost |  |  | 30 |  |  |  | 32 |  |  |  | 60 |  |  |  | 63 |
Total lease cost, net |  | $ | 4,392 |  |  | $ | 4,314 |  |  | $ | 8,367 |  |  | $ | 8,303 |
Schedule of Other Information Related to Operating and Finance Leases | Other information related to operating and finance leases are as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(in thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 1,814 |  |  | $ | 1,713 |  |  | $ | 3,496 |  |  | $ | 3,332 |
Operating cash flows from finance leases |  | $ | 1,599 |  |  | $ | 1,519 |  |  | $ | 3,119 |  |  | $ | 3,007 |
Financing cash flows from finance leases |  | $ | 239 |  |  | $ | 266 |  |  | $ | 460 |  |  | $ | 575 |
ROU assets obtained in exchange for lease obligations: |  |  |  |  |  |  |  |  |  |  |  |
Operating leases |  | $ | 418 |  |  | $ | 151 |  |  | $ | 2,139 |  |  | $ | 391 |
|  |  |  |  |  | June 30, |  |  | December 31, |
|  |  |  |  |  | 2025 |  |  | 2024 |
Weighted-average remaining lease term (years): |  |  |  |  |  |  |  |  |  |
Operating leases |  |  |  |  |  |  | 10.2 |  |  |  | 10.8 |
Finance leases |  |  |  |  |  |  | 33.9 |  |  |  | 35.0 |
Weighted-average discount rate: |  |  |  |  |  |  |  |  |  |
Operating leases |  |  |  |  |  |  | 7.3 | % |  |  | 7.3 | %
Finance leases |  |  |  |  |  |  | 9.2 | % |  |  | 9.2 | %
Schedule of Estimated Future Minimum Lease Payments Under Non-cancellable Leases Excluding Variable Leases and Variable Non-lease Components | As of June 30, 2025, the estimated future minimum lease payments under non-cancellable leases, excluding variable leases and variable non-lease components, are as follows:
(in thousands) |  | Operating Leases |  |  | Finance Leases |  |  | Total |
Remainder of 2025 |  | $ | 3,033 |  |  | $ | 3,215 |  |  | $ | 6,248 |
2026 |  |  | 6,289 |  |  |  | 6,458 |  |  |  | 12,747 |
2027 |  |  | 5,351 |  |  |  | 6,335 |  |  |  | 11,686 |
2028 |  |  | 5,112 |  |  |  | 6,164 |  |  |  | 11,276 |
2029 |  |  | 5,118 |  |  |  | 6,164 |  |  |  | 11,282 |
Thereafter |  |  | 33,560 |  |  |  | 171,034 |  |  |  | 204,594 |
Total future lease payments |  |  | 58,463 |  |  |  | 199,370 |  |  |  | 257,833 |
Less: Amount representing interest |  |  | (18,696 | ) |  |  | (139,182 | ) |  |  | (157,878 | )
Present value of minimum lease payments |  |  | 39,767 |  |  |  | 60,188 |  |  |  | 99,955 |
Current portion |  |  | (3,771 | ) |  |  | (1,009 | ) |  |  | (4,780 | )
Long-term portion |  | $ | 35,996 |  |  | $ | 59,179 |  |  | $ | 95,175 |
Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases | As of June 30, 2025, the estimated future minimum rental income under non-cancellable leases, which includes rental income from facilities that we own, are as follows:
(in thousands) |  |  |
Remainder of 2025 |  | $ | 997 |
2026 |  |  | 1,664 |
2027 |  |  | 919 |
2028 |  |  | 736 |
2029 |  |  | 587 |
Thereafter |  |  | 1,400 |
Total minimum rents |  | $ | 6,303 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-12 + Details
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