XML 30 R19.htm IDEA: XBRL DOCUMENT v3.25.3
Leases
9 Months Ended
Sep. 30, 2025
Leases  
Leases

Note 12. Leases

The Company has operating and finance 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):

Nine Months Ended

September 30, 

    

2025

    

2024

    

Operating lease cost

$

6,265

$

4,129

Finance lease cost:

Amortization of right-of-use assets

307

199

Interest on finance lease liabilities

77

64

384

263

Total lease cost

$

6,649

$

4,392

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

Supplemental Cash Flows Information

Nine Months Ended September 30, 

    

2025

    

2024

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

 

 

Operating cash flows from operating leases

 

$

5,015

 

$

4,024

Operating cash flows from finance leases

 

$

364

 

$

235

Financing cash flows from finance leases

$

310

$

200

Right-of-use assets obtained in exchange for lease liabilities (in thousands):

Operating leases

 

$

3,972

 

$

1,438

Finance leases

$

388

$

330

September 30, 

December 31, 

 

    

2025

    

2024

 

    

Weighted-Average Remaining Lease Term

 

 

 

Operating leases

 

9.3

years

9.6

years

 

Finance leases

 

3.3

years

3.5

years

 

Weighted-Average Discount Rate

 

  

 

  

 

Operating leases

 

7.1

%  

7.1

%

 

Finance leases

 

8.4

%  

8.3

%

 

Future minimum lease payments under non-cancellable leases that have commenced as of September 30, 2025 were as follows (in thousands):

Operating

Finance

Years Ending December 31

    

Leases

    

Leases

2025 (excluding the nine months ended September 30, 2025)

 

$

1,929

 

$

128

2026

 

6,697

 

494

2027

 

6,229

 

415

2028

 

5,805

 

280

2029

5,324

91

Thereafter

 

34,933

 

15

Total future minimum lease payments

 

60,917

 

1,423

Less: imputed interest

 

(17,415)

 

(155)

Total

$

43,502

$

1,268

Operating

Finance

Reported as of September 30, 2025

    

Leases

    

Leases

Current lease liabilities

$

4,126

$

428

Noncurrent lease liabilities

 

39,376

 

840

Total

$

43,502

$

1,268