v3.25.4

Lease Commitments | 12 Months Ended
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Dec. 31, 2025
Leases [Abstract] |
Lease Commitments | Note 20. Lease Commitments The Company has finance leases primarily for railcars and production equipment. The railcars primarily have a remaining lease term of three to seven years with annual renewal options thereafter. The production equipment has a weighted average remaining lease term of four years. The Company has operating leases primarily for offices and other facilities which have remaining terms of one to four years. The components of lease expense for the years ended December 31, 2025, 2024 and 2023 were as follows:
|  | For the Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Lease cost: |  |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 5,710 |  |  | $ | 5,993 |  |  | $ | 7,439 |
Finance lease cost: |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  | 10,278 |  |  |  | 8,808 |  |  |  | 7,296 |
Interest on lease liabilities |  |  | 1,713 |  |  |  | 1,560 |  |  |  | 1,365 |
Total lease cost |  | $ | 17,701 |  |  | $ | 16,361 |  |  | $ | 16,100 |
Supplemental cash flow information related to leases for the years ended December 31, 2025, 2024 and 2023 was as follows:
|  | For the Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flow payments for operating leases |  | $ | 5,710 |  |  | $ | 5,993 |  |  | $ | 7,439 |
Operating cash flow payments for finance leases |  | $ | 1,713 |  |  | $ | 1,560 |  |  | $ | 1,365 |
Financing cash flow payments for finance leases |  | $ | 13,181 |  |  | $ | 8,918 |  |  | $ | 7,785 |
Other information related to leases was as follows:
|  | December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Weighted average remaining lease term: |  |  |  |  |  |  |  |  |
Operating leases |  | 2 years |  |  | 3 years |  |  | 4 years |
Finance leases |  | 5 years |  |  | 6 years |  |  | 7 years |
Weighted average discount rate: |  |  |  |  |  |  |  |  |
Operating leases |  |  | 5 | % |  |  | 6 | % |  |  | 5 | %
Finance leases |  |  | 3 | % |  |  | 3 | % |  |  | 3 | %
The discount rate used to calculate the present value of the minimum lease payments is the incremental borrowing rate that the subsidiary entering into the lease would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. Supplemental balance sheet information related to leases as of December 31, 2025 and December 31, 2024 was as follows:
|  | December 31, |
|  | 2025 |  |  | 2024 |
Operating Leases |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 6,818 |  |  | $ | 7,598 |
Operating lease right-of-use assets held for sale |  | $ | — |  |  | $ | 4,894 |
Other current liabilities |  | $ | 3,097 |  |  | $ | 2,874 |
Operating lease liabilities |  |  | 3,858 |  |  |  | 4,793 |
Total operating lease liabilities |  | $ | 6,955 |  |  | $ | 7,667 |
Operating lease liabilities associated with assets held for sale |  | $ | — |  |  | $ | 4,775 |
Finance Leases |  |  |  |  |  |
Property and equipment, gross |  | $ | 111,155 |  |  | $ | 88,557 |
Accumulated depreciation |  |  | (53,964 | ) |  |  | (41,219 | )
Property and equipment, net |  | $ | 57,191 |  |  | $ | 47,338 |
Other current liabilities |  | $ | 13,664 |  |  | $ | 9,415 |
Long-term debt |  |  | 41,209 |  |  |  | 38,799 |
Total finance lease liabilities |  | $ | 54,873 |  |  | $ | 48,214 |
M aturities of operating lease liabilities as of December 31, 2025 were as follows:
|  | Operating Leases |
2026 |  | $ | 3,728 |
2027 |  |  | 2,012 |
2028 |  |  | 1,045 |
2029 |  |  | 552 |
Total lease payments |  |  | 7,337 |
Less: imputed interest |  |  | (382 | )
Total lease liability |  | $ | 6,955 |

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