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LEASES

12 Months Ended

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%

X

- References

No definition available.

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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

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X

- 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

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