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Leases
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2025 and 2024 (in thousands):
Three Months EndedSix Months Ended
June 30,June 30,
2025202420252024
Operating lease cost$577 $529 $1,130 $1,061 
Short-term lease cost138 134 278 271 
Variable lease cost116 96 230 216 
    Total lease cost$831 $759 $1,638 $1,548 
Cash payments against the operating lease liabilities totaled $897,000 and $1.7 million for the six months ended June 30, 2025 and 2024. ROU assets obtained in exchange for lease obligations was $438,000 and $646,000 for the six months ended June 30, 2025 and 2024, respectively.

The following table summarizes the presentation in our condensed consolidated balance sheets of our operating leases (in thousands):
June 30, 2025December 31, 2024
Assets:
Operating lease right-of-use assets$5,204 $5,655 
Liabilities:
Operating lease liabilities$2,564 $2,472 
Long-term operating lease liabilities4,856 5,646 
Total operating lease liabilities$7,420 $8,118 
Weighted average remaining lease term (years)3.974.43
Weighted average discount rate4.7 %4.8 %

Maturities of lease liabilities were as follows (in thousands):
Years ending December 31,
2025 (excluding the six months ended June 30, 2025)$1,571 
20261,905 
20271,464 
20281,464 
20291,454 
Thereafter225 
    Total lease payments8,083 
Less interest(663)
    Present value of operating lease liabilities$7,420