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Leases
9 Months Ended
Sep. 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 five 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 nine months ended September 30, 2025 and 2024 (in thousands):
Three Months EndedNine Months Ended
September 30,September 30,
2025202420252024
Operating lease cost$569 $536 $1,699 $1,597 
Short-term lease cost160 137 438 408 
Variable lease cost109 154 339 370 
    Total lease cost$838 $827 $2,476 $2,375 
Cash payments against the operating lease liabilities totaled $2.7 million and $2.5 million for the nine months ended September 30, 2025 and 2024. ROU assets obtained in exchange for lease obligations was $321,000 and $1.3 million for the nine months ended September 30, 2025 and 2024, respectively.

The following table summarizes the presentation in our condensed consolidated balance sheets of our operating leases (in thousands):
September 30, 2025December 31, 2024
Assets:
Operating lease right-of-use assets$4,540 $5,655 
Liabilities:
Operating lease liabilities$2,058 $2,472 
Long-term operating lease liabilities4,494 5,646 
Total operating lease liabilities$6,552 $8,118 
Weighted average remaining lease term (years)3.914.43
Weighted average discount rate4.4 %4.8 %

Maturities of lease liabilities were as follows (in thousands):
Years ending December 31,
2025 (excluding the nine months ended September 30, 2025)$918 
20262,178 
20271,462 
20281,462 
20291,452 
Thereafter225 
    Total lease payments7,697 
Less interest(1,145)
    Present value of operating lease liabilities$6,552