Leases

9 Months Ended

Sep. 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 September 30, 2025 and 2024, was $1,895 and $1,972, respectively, and $5,584 and $5,863 for the nine months ended September 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 September 30,		Three Months Ended September 30,		Nine Months Ended September 30,		Nine Months Ended September 30,
	2025		2024		2025		2024
Cash paid for amounts included in the measurement of lease liabilities	$	1,945	$	1,956	$	5,733	$	5,909
ROU assets obtained in exchange for new liabilities	$	1,040	$	541	$	3,049	$	4,211

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


Weighted-average remaining lease term (in years)	4.06
Weighted-average discount rate	5.11	%

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


2025 (excluding the nine months ended September 30, 2025)	$	1,895
2026		6,159
2027		4,257
2028		2,957
2029		2,094
Thereafter		2,897
Total lease payments		20,259
Less: imputed interest		(1,920	)
Total	$	18,339

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


Operating lease liabilities, current	$	6,185
Operating lease liabilities, long-term	$	12,154