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Leases (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were as follows:

 

 

 

 

For the Three Months Ended September 30,

 

 

Statement of Operations Location

 

2025

 

 

2024

 

Operating lease cost

 

 

 

 

 

 

 

Lease cost

Selling, general and administrative expense

 

$

3,064

 

 

$

3,319

 

Variable lease cost

Selling, general and administrative expense

 

 

695

 

 

 

651

 

Total operating lease cost

 

 

$

3,759

 

 

$

3,970

 

 

 

 

 

 

 

 

Finance lease cost

 

 

 

 

 

 

 

Amortization of ROU assets

Depreciation and amortization

 

$

2,394

 

 

$

1,496

 

Interest on lease liabilities

Interest expense, net

 

 

348

 

 

 

26

 

Total finance lease cost

 

 

$

2,742

 

 

$

1,522

 

Total lease cost

 

 

$

6,501

 

 

$

5,492

 

 

 

 

 

 

 

 

 

 

 

 

For the Nine Months Ended September 30,

 

 

Statement of Operations Location

 

2025

 

 

2024

 

Operating lease cost

 

 

 

 

 

 

 

Lease cost

Selling, general and administrative expense

 

$

9,299

 

 

$

10,421

 

Variable lease cost

Selling, general and administrative expense

 

 

2,285

 

 

 

1,687

 

Total operating lease cost

 

 

$

11,584

 

 

$

12,108

 

 

 

 

 

 

 

 

Finance lease cost

 

 

 

 

 

 

 

Amortization of ROU assets

Depreciation and amortization

 

$

6,353

 

 

$

4,068

 

Interest on lease liabilities

Interest expense, net

 

 

925

 

 

 

425

 

Total finance lease cost

 

 

$

7,278

 

 

$

4,493

 

Total lease cost

 

 

$

18,862

 

 

$

16,601

 

Summary of Supplemental Cash Flow Information Related To Leases

Supplemental cash flows information related to leases was as follows:

 

 

 

For the Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows used in operating leases

 

$

10,357

 

 

$

9,748

 

Operating cash flows used for interest related to finance leases

 

 

878

 

 

 

425

 

Financing cash flows used in finance leases

 

 

4,697

 

 

 

4,384

 

 

 

 

 

 

 

 

Lease liabilities arising from new ROU assets:

 

 

 

 

 

 

Operating leases

 

 

4,726

 

 

 

14,676

 

Finance leases

 

 

7,143

 

 

 

5,806

 

 

Summary of Weighted Average Remaining Lease Terms and Weighted Average Discount Rates

Weighted average remaining lease terms and weighted average discount rates were:

 

 

 

September 30, 2025

 

 

 

Operating Leases

 

 

Finance Leases

 

Weighted average remaining lease term (years)

 

 

4.2

 

 

 

3.3

 

Weighted average discount rate

 

 

5.0

%

 

 

6.7

%

 

 

 

 

 

 

 

 

 

September 30, 2024

 

 

 

Operating Leases

 

 

Finance Leases

 

Weighted average remaining lease term (years)

 

 

4.4

 

 

 

3.5

 

Weighted average discount rate

 

 

4.6

%

 

 

6.6

%

Schedule of Maturities of Lease Liabilities

The following is a schedule by year of the maturities of lease liabilities with original terms in excess of one year:

 

 

Operating Leases

 

 

Finance Leases

 

Remainder of 2025

 

$

3,266

 

 

$

1,913

 

2026

 

 

11,591

 

 

 

6,827

 

2027

 

 

8,972

 

 

 

5,439

 

2028

 

 

7,311

 

 

 

3,752

 

2029

 

 

5,485

 

 

 

2,319

 

2030 and thereafter

 

 

4,942

 

 

 

256

 

Total undiscounted future minimum lease payments

 

$

41,567

 

 

$

20,506

 

Less imputed interest

 

 

(4,281

)

 

 

(2,076

)

Total discounted future minimum lease payments

 

$

37,286

 

 

$

18,430