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Leases
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases Leases
The Company has operating leases for real estate and certain equipment. The Company leases office space in Canada, Germany, Spain, the U.K. and the U.S. under operating leases. Our leases have remaining lease terms ranging from less than one year to up to seven years. Certain leases include one or more options to renew. All of our leases qualify as operating leases.
The following table summarizes the components of lease expense for the three months ended March 31, 2025 and 2024 (in thousands):
Three Months Ended
March 31,
20252024
Operating lease cost$552 $532 
Short-term lease cost140 137 
Variable lease cost114 120 
    Total lease cost$806 $789 
Cash payments against the operating lease liabilities totaled $861,000 and $857,000 for the three months ended March 31, 2025 and 2024. ROU assets obtained in exchange for lease obligations was $321,000 and $235,000 for the three months ended March 31, 2025 and 2024, respectively.

The following table summarizes the presentation in our condensed consolidated balance sheets of our operating leases (in thousands):
March 31, 2025December 31, 2024
Assets:
Operating lease right-of-use assets$5,605 $5,655 
Liabilities:
Operating lease liabilities$2,690 $2,472 
Long-term operating lease liabilities5,251 5,646 
Total operating lease liabilities$7,941 $8,118 
Weighted average remaining lease term (years)4.084.43
Weighted average discount rate5.0 %4.8 %

Maturities of lease liabilities were as follows (in thousands):
Years ending December 31,
2025 (excluding the three months ended March 31, 2025)$2,246 
20261,812 
20271,459 
20281,459 
20291,449 
Thereafter225 
    Total lease payments8,650 
Less interest(709)
    Present value of operating lease liabilities$7,941