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LEASES | 12 Months Ended
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Dec. 31, 2025
Leases [Abstract] |
LEASES | NOTE 10 - LEASES We have various lease agreements for our facilities, equipment and vehicles with remaining lease terms ranging from one to twelve years. For the year ending December 31, 2025 we recorded $0.6 million in impairment charges to ROU assets. The impairment charge has been recorded within Asset impairment charges on our consolidated statements of operations. During the year ended December 31, 2024, the Company concluded that the carrying value of the primary asset group underlying the Company's core operations was impaired, resulting in a $5.2 million impairment charge to ROU assets. This impairment charge reduced the carrying values of our operating lease and finance lease ROU assets by $2.7 million and $2.5 million, respectively. This impairment charge is recorded within Asset impairment charges on our consolidated statements of operations. No impairment was recognized in the year ended December 31, 2023. As of December 31, 2025 and 2024, short-term finance lease obligations of $1.6 million and $1.5 million, respectively, are included in Accrued and other liabilities on our consolidated balance sheets, and long-term finance lease obligations of $9.5 million and $10.5 million, respectively are included in Other long-term liabilities on our consolidated balance sheets. Incremental Lease Commitments Components of lease cost (income) for the years ended December 31, 2025, 2024, and 2023 were as follows:
(in thousands) |  | 2025 |  | 2024 |  | 2023
Operating lease cost |  | $ | 13,715 |  |  | $ | 14,331 |  |  | $ | 13,667 |
Finance lease cost - amortization expense |  | 1,586 |  |  | 1,706 |  |  | 991 |
Finance lease cost - interest expense |  | 955 |  |  | 1,017 |  |  | 478 |
Short-term lease cost |  | 157 |  |  | 347 |  |  | 494 |
Variable lease cost |  | 4,492 |  |  | 4,142 |  |  | 3,953 |
Sublease income |  | (69) |  |  | (132) |  |  | (186) |
Total |  | $ | 20,836 |  |  | $ | 21,411 |  |  | $ | 19,397 |
As of December 31, 2025, our future minimum lease payments under operating leases and finance leases with initial or remaining lease terms in excess of one year were as follows:
(in thousands) |  | Finance Leases |  | Operating Leases
Years ending December 31: |  |  |  |
2026 |  | $ | 2,470 |  |  | $ | 15,094 |
2027 |  | 2,535 |  |  | 11,987 |
2028 |  | 2,499 |  |  | 10,880 |
2029 |  | 2,132 |  |  | 9,317 |
2030 |  | 1,539 |  |  | 7,095 |
Thereafter |  | 3,261 |  |  | 18,680 |
Total lease payments (undiscounted) |  | 14,436 |  |  | 73,053 |
Less: imputed interest |  | (3,321) |  |  | (16,050) |
Present value of lease liabilities |  | $ | 11,115 |  |  | $ | 57,003 |
Supplemental cash flow information related to our leases for the years ended December 31, 2025, 2024 and 2023 was as follows:
(in thousands) |  | 2025 |  | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash outflow for operating leases |  | $ | 14,151 |  |  | $ | 13,986 |  |  | $ | 13,177 |
Operating cash outflow for finance leases |  | $ | 955 |  |  | $ | 1,017 |  |  | $ | 478 |
Financing cash outflow for finance leases |  | $ | 1,593 |  |  | $ | 1,385 |  |  | $ | 644 |
The weighted-average remaining lease term and discount rate for our finance and operating leases as of December 31, 2025 and 2024 were as follows:
|  | 2025 |  | 2024
|  | Finance |  | Operating |  | Finance |  | Operating
Weighted-average remaining lease term (in years) |  | 6.1 |  | 6.6 |  | 7.0 |  | 7.3
Weighted-average discount rate |  | 8.47% |  | 7.23% |  | 8.44% |  | 7.17%
LEASES | NOTE 10 - LEASES We have various lease agreements for our facilities, equipment and vehicles with remaining lease terms ranging from one to twelve years. For the year ending December 31, 2025 we recorded $0.6 million in impairment charges to ROU assets. The impairment charge has been recorded within Asset impairment charges on our consolidated statements of operations. During the year ended December 31, 2024, the Company concluded that the carrying value of the primary asset group underlying the Company's core operations was impaired, resulting in a $5.2 million impairment charge to ROU assets. This impairment charge reduced the carrying values of our operating lease and finance lease ROU assets by $2.7 million and $2.5 million, respectively. This impairment charge is recorded within Asset impairment charges on our consolidated statements of operations. No impairment was recognized in the year ended December 31, 2023. As of December 31, 2025 and 2024, short-term finance lease obligations of $1.6 million and $1.5 million, respectively, are included in Accrued and other liabilities on our consolidated balance sheets, and long-term finance lease obligations of $9.5 million and $10.5 million, respectively are included in Other long-term liabilities on our consolidated balance sheets. Incremental Lease Commitments Components of lease cost (income) for the years ended December 31, 2025, 2024, and 2023 were as follows:
(in thousands) |  | 2025 |  | 2024 |  | 2023
Operating lease cost |  | $ | 13,715 |  |  | $ | 14,331 |  |  | $ | 13,667 |
Finance lease cost - amortization expense |  | 1,586 |  |  | 1,706 |  |  | 991 |
Finance lease cost - interest expense |  | 955 |  |  | 1,017 |  |  | 478 |
Short-term lease cost |  | 157 |  |  | 347 |  |  | 494 |
Variable lease cost |  | 4,492 |  |  | 4,142 |  |  | 3,953 |
Sublease income |  | (69) |  |  | (132) |  |  | (186) |
Total |  | $ | 20,836 |  |  | $ | 21,411 |  |  | $ | 19,397 |
As of December 31, 2025, our future minimum lease payments under operating leases and finance leases with initial or remaining lease terms in excess of one year were as follows:
(in thousands) |  | Finance Leases |  | Operating Leases
Years ending December 31: |  |  |  |
2026 |  | $ | 2,470 |  |  | $ | 15,094 |
2027 |  | 2,535 |  |  | 11,987 |
2028 |  | 2,499 |  |  | 10,880 |
2029 |  | 2,132 |  |  | 9,317 |
2030 |  | 1,539 |  |  | 7,095 |
Thereafter |  | 3,261 |  |  | 18,680 |
Total lease payments (undiscounted) |  | 14,436 |  |  | 73,053 |
Less: imputed interest |  | (3,321) |  |  | (16,050) |
Present value of lease liabilities |  | $ | 11,115 |  |  | $ | 57,003 |
Supplemental cash flow information related to our leases for the years ended December 31, 2025, 2024 and 2023 was as follows:
(in thousands) |  | 2025 |  | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash outflow for operating leases |  | $ | 14,151 |  |  | $ | 13,986 |  |  | $ | 13,177 |
Operating cash outflow for finance leases |  | $ | 955 |  |  | $ | 1,017 |  |  | $ | 478 |
Financing cash outflow for finance leases |  | $ | 1,593 |  |  | $ | 1,385 |  |  | $ | 644 |
The weighted-average remaining lease term and discount rate for our finance and operating leases as of December 31, 2025 and 2024 were as follows:
|  | 2025 |  | 2024
|  | Finance |  | Operating |  | Finance |  | Operating
Weighted-average remaining lease term (in years) |  | 6.1 |  | 6.6 |  | 7.0 |  | 7.3
Weighted-average discount rate |  | 8.47% |  | 7.23% |  | 8.44% |  | 7.17%

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance 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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- 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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