XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.25.2

Leases | 6 Months Ended
--- | ---
Jun. 30, 2025
Leases [Abstract] |
Leases | Leases The Company's leases consist of non-cancelable agreements for office space, and to a lesser extent, equipment leases for satellite transponders, which expire at various dates through 2033. Leases with an initial term of 12 months or less are not recorded on the balance sheet, instead the lease expense is recorded on a straight-line basis over the lease term. For lease agreements entered into, we combine lease and non-lease components. Some leases include options to extend the lease term or terminate the lease prior to the end of the lease term. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. The leases generally provide for fixed annual rentals plus certain other costs or credits. Some leases include rental payments based on a percentage of revenue over contractual levels or based on an index or rate. Our lease agreements do not include any material residual value guarantees or material restrictive covenants. Since the rate implicit in our leases is not readily determinable, the Company uses its incremental borrowing rate based on the information available at the lease commencement date to determine the present value of the lease payments. The following table summarizes the leases included in the condensed consolidated balance sheets:
(In thousands) | Balance Sheet Location |  | June 30, 2025 |  | December 31, 2024
Assets |  |  |  |  |
Operating | Operating lease right-of-use assets |  | $ | 51,649 |  |  | $ | 58,390 |
Finance | Property and equipment, net |  | 11,069 |  |  | 11,695 |
Total lease assets |  |  | $ | 62,718 |  |  | $ | 70,085 |
Liabilities |  |  |  |  |
Current: |  |  |  |  |
Operating | Current portion of lease obligations |  | $ | 30,246 |  |  | $ | 27,798 |
Finance | Current portion of lease obligations |  | 3,915 |  |  | 4,641 |
|  |  | $ | 34,161 |  |  | $ | 32,439 |
Noncurrent: |  |  |  |  |
Operating | Lease obligations |  | $ | 39,928 |  |  | $ | 51,929 |
Finance | Lease obligations |  | 11,518 |  |  | 12,652 |
|  |  | $ | 51,446 |  |  | $ | 64,581 |
Total lease liabilities |  |  | $ | 85,607 |  |  | $ | 97,020 |
Leases | Leases The Company's leases consist of non-cancelable agreements for office space, and to a lesser extent, equipment leases for satellite transponders, which expire at various dates through 2033. Leases with an initial term of 12 months or less are not recorded on the balance sheet, instead the lease expense is recorded on a straight-line basis over the lease term. For lease agreements entered into, we combine lease and non-lease components. Some leases include options to extend the lease term or terminate the lease prior to the end of the lease term. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. The leases generally provide for fixed annual rentals plus certain other costs or credits. Some leases include rental payments based on a percentage of revenue over contractual levels or based on an index or rate. Our lease agreements do not include any material residual value guarantees or material restrictive covenants. Since the rate implicit in our leases is not readily determinable, the Company uses its incremental borrowing rate based on the information available at the lease commencement date to determine the present value of the lease payments. The following table summarizes the leases included in the condensed consolidated balance sheets:
(In thousands) | Balance Sheet Location |  | June 30, 2025 |  | December 31, 2024
Assets |  |  |  |  |
Operating | Operating lease right-of-use assets |  | $ | 51,649 |  |  | $ | 58,390 |
Finance | Property and equipment, net |  | 11,069 |  |  | 11,695 |
Total lease assets |  |  | $ | 62,718 |  |  | $ | 70,085 |
Liabilities |  |  |  |  |
Current: |  |  |  |  |
Operating | Current portion of lease obligations |  | $ | 30,246 |  |  | $ | 27,798 |
Finance | Current portion of lease obligations |  | 3,915 |  |  | 4,641 |
|  |  | $ | 34,161 |  |  | $ | 32,439 |
Noncurrent: |  |  |  |  |
Operating | Lease obligations |  | $ | 39,928 |  |  | $ | 51,929 |
Finance | Lease obligations |  | 11,518 |  |  | 12,652 |
|  |  | $ | 51,446 |  |  | $ | 64,581 |
Total lease liabilities |  |  | $ | 85,607 |  |  | $ | 97,020 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration