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Leases and Other (Tables)

6 Months Ended

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