Leases

9 Months Ended

Sep. 30, 2025

As of September 30, 2025, the weighted-average remaining lease term was 6.3 and 4.1 years for operating and finance leases, respectively. As of September 30, 2025, the weighted-average discount rate was 3.9% 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 September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Operating lease expense
Operating lease cost	$	5,801	$	5,953	$	17,673	$	17,892
Variable lease cost		1,360		1,961		3,594		4,701
Finance lease expense
Amortization of right-of-use assets		534		700		1,615		2,183
Interest on lease liabilities		156		86		489		289
Total lease expense	$	7,851	$	8,700	$	23,371	$	25,065

Supplemental cash flow information related to leases was as follows (U.S. dollars in thousands):

	Nine Months Ended September 30,
	2025		2024
Operating cash outflow from operating leases	$	17,833	$	19,103
Operating cash outflow from finance leases	$	495	$	295
Financing cash outflow from finance leases	$	1,755	$	2,302
Right-of-use assets obtained in exchange for operating lease obligations	$	23,972	$	14,914
Right-of-use assets obtained in exchange for finance lease obligations	$	220	$	10

Maturities of lease liabilities were as follows (U.S. dollars in thousands):

Year Ending December 31	Operating Leases		Finance Leases
2025	$	6,268	$	642
2026		21,195		2,562
2027		16,688		2,540
2028		12,230		2,519
2029		10,405		2,050
Thereafter		24,705		7
Total		91,491		10,320
Less: Finance charges		9,297		1,288
Total principal liability	$	82,194	$	9,032