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Leases

12 Months Ended

Dec. 31, 2024

Leases

Leases

Note 14. Leases

The Company has operating leases for corporate offices and certain equipment. These leases have remaining lease terms of less than one year to approximately twelve years, some of which include options to extend the leases for multiple renewal periods of one to fifteen years each. Under the terms of the facilities leases, the Company is required to pay its proportionate share of property taxes, insurance and normal maintenance costs.

The components of lease cost were as follows (in thousands):

​

​	​	​	​	​	​	​	​	​	​	​
​	​	Year Ended December 31,								​
​		2024			2023			2022
Operating lease cost	​	$	8,319	​	$	7,294	​	$	5,505	​
Finance lease cost:	​	​	​	​	​	​	​		​	​
Amortization of right-of-use assets	​	​	436	​	​	219	​	​	79	​
Interest on finance lease liabilities	​	​	135	​	​	61	​	​	12	​
​	​	​	571	​	​	280	​		91	​
Total lease cost	​	$	8,890	​	$	7,574	​	$	5,596	​

​

Other information related to leases was as follows (in thousands):

​

​	​	​	​	​	​	​	​	​	​
Supplemental Cash Flows Information	​	Year Ended December 31,
​		2024			2023			2022
Cash paid for amounts included in the measurement of lease liabilities:		​	​		​	​		​	​
Operating cash flows from operating leases		$	7,860		$	6,720		$	4,733
Operating cash flows from finance leases		$	505		$	263		$	82
Financing cash flows from finance leases	​	$	407	​	$	202	​	$	70
​	​	​	​	​	​	​	​	​	​
Right-of-use assets obtained in exchange for lease liabilities (in thousands):	​	​	​	​	​	​	​	​	​
Operating leases		$	20,990		$	11,109		$	12,384
Finance leases	​	$	936	​	$	1,090	​	$	259

​

​

​	​	​	​	​	​
​	​	December 31,
​		2024		2023
Weighted-Average Remaining Lease Term		​		​	​
Operating leases		8.8 years		10.8 years	​
Finance leases		3.4 years		4.2 years	​
​	​	​	​	​	​
Weighted-Average Discount Rate					​
Operating leases		7.2	%	8.7	%
Finance leases		8.3	%	8.4	%

​

Future minimum lease payments under non-cancellable leases that have commenced as of December 31, 2024 were as follows (in thousands):

​

​	​	​	​	​	​	​
​	​	Operating		​	Finance
Years Ending December 31		Leases			Leases
2025		$	8,766		$	609
2026		​	8,135		​	581
2027		​	7,444		​	456
2028		​	6,272		​	314
2029	​	​	5,260	​	​	29
Thereafter		​	32,947		​	—
Total future minimum lease payments		​	68,824		​	1,989
Less: imputed interest		​	(19,328)		​	(256)
Total	​	$	49,496	​	$	1,733

​

​

​	​	​	​	​	​	​
​	​	Operating		​	Finance
Reported as of December 31, 2024		Leases			Leases
Current lease liabilities	​	$	5,419	​	$	488
Noncurrent lease liabilities	​		44,077	​		1,245
Total	​	$	49,496	​	$	1,733

​

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