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Leases | 6 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
Leases |
6. | Leases
As of June 30, 2025, the weighted-average remaining lease term was 6.6 and 4.3 years for operating and finance leases, respectively. As of June 30, 2025, the weighted-average discount rate was 3.7% and 6.6% for operating and finance leases, respectively. The components of lease expense were as follows (U.S. dollars in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Operating lease expense |  |  |  |  |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 5,956 |  |  | $ | 5,873 |  |  | $ | 11,872 |  |  | $ | 11,939 |
Variable lease cost |  |  | 1,273 |  |  |  | 964 |  |  |  | 2,234 |  |  |  | 2,740 |
Finance lease expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  | 551 |  |  |  | 725 |  |  |  | 1,081 |  |  |  | 1,483 |
Interest on lease liabilities |  |  | 165 |  |  |  | 94 |  |  |  | 333 |  |  |  | 203 |
Total lease expense |  | $ | 7,945 |  |  | $ | 7,656 |  |  | $ | 15,520 |  |  | $ | 16,365 |
Supplemental cash flow information related to leases was as follows (U.S. dollars in thousands):
|  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |
Operating cash outflow from operating leases |  | $ | 11,956 |  |  | $ | 12,515 |
Operating cash outflow from finance leases |  | $ | 351 |  |  | $ | 204 |
Financing cash outflow from finance leases |  | $ | 1,120 |  |  | $ | 1,560 |
Right-of-use assets obtained in exchange for operating lease obligations |  | $ | 15,201 |  |  | $ | 14,595 |
Right-of-use assets obtained in exchange for finance lease obligations |  | $ | 47 |  |  | $ | 10 |
Maturities of lease liabilities were as follows (U.S. dollars in thousands):
Year Ending December 31 |  | Operating Leases |  |  | Finance Leases |
2025 |  | $ | 11,250 |  |  | $ | 1,374 |
2026 |  |  | 19,357 |  |  |  | 2,743 |
2027 |  |  | 14,389 |  |  |  | 2,720 |
2028 |  |  | 10,090 |  |  |  | 2,600 |
2029 |  |  | 9,201 |  |  |  | 2,118 |
Thereafter |  |  | 24,813 |  |  |  | — |
Total |  |  | 89,100 |  |  |  | 11,555 |
Less: Finance charges |  |  | 8,872 |  |  |  | 1,507 |
Total principal liability |  | $ | 80,228 |  |  | $ | 10,048 |
The Company has additional lease liabilities of $5.8 million which have not yet commenced as of June 30, 2025, and as such, have not been recognized on the consolidated balance sheets.

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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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