Leases

6 Months Ended

Jun. 30, 2025

10. Leases — The Company has operating leases for warehouses, manufacturing facilities, offices, cars, railcars and certain equipment. The lease term includes the non-cancellable period of the lease plus any additional periods covered by either an option to extend (or not terminate) that the Company is reasonably certain to exercise. The Company has leases with a lease term ranging from one year to approximately 20 years.

The operating lease expense for the three months ended June 30, 2025 and 2024, was $1,873 and $1,955, respectively, and $3,689 and $3,891 for the six months ended June 30, 2025 and 2024, respectively. Lease expenses related to variable lease payments and short-term leases were immaterial. Other information related to operating leases follows:


	Three Months Ended June 30,		Three Months Ended June 30,		Six Months Ended June 30,		Six Months Ended June 30,
	2025		2024		2025		2024
Cash paid for amounts included in the measurement of lease liabilities	$	1,862	$	1,920	$	3,788	$	3,952
ROU assets obtained in exchange for new liabilities	$	1,607	$	1,288	$	2,009	$	3,669

The weighted-average remaining lease term and discount rate related to the operating leases as of June 30, 2025 were as follows:


Weighted-average remaining lease term (in years)	4.19
Weighted-average discount rate	5.03	%

Future minimum lease payments under non-cancellable operating leases as of June 30, 2025 were as follows:


2025 (excluding six months ended June 30, 2025)	$	3,643
2026		5,774
2027		4,030
2028		2,731
2029		1,992
Thereafter		2,897
Total lease payments		21,067
Less: imputed interest		(2,037	)
Total	$	19,030

Amounts recognized in the condensed consolidated balance sheets at June 30, 2025:


Operating lease liabilities, current	$	6,302
Operating lease liabilities, long-term	$	12,728