Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Right-of-Use Lease Assets and Lease Liabilities
The table below presents the operating and finance leases right-of-use assets and liabilities recognized on the consolidated balance sheets as of December 31, 2025 and 2024:
December 31,
Balance Sheet location 2025 2024
Assets
Operating lease Right-of-use lease assets $ 37,935  $ 33,082 
Finance lease Property, plant and equipment, net 986  1,116 
Total leased assets $ 38,921  $ 34,198 
Liabilities
Current:
Operating lease Operating lease liabilities—current $ 9,495  $ 9,053 
Finance lease Accrued liabilities —  23 
Noncurrent:
Operating lease Operating lease liabilities—noncurrent 28,666  23,927 
Total leased liabilities $ 38,161  $ 33,003 
Weighted Average Remaining Lease Term and Discount Rate
The Company’s weighted average remaining lease term and weighted average discount rate for operating and financing leases as of December 31, 2025 and 2024 are as follows:
December 31,
2025 2024
Weighted average remaining lease term (in years):
Operating leases 5.14 4.81
Finance leases 0.00 0.44
Weighted average discount rate:
Operating leases 6.26  % 6.24  %
Finance leases 0.00  % 4.09  %
Maturities of Lease Liabilities
Maturities of lease liabilities as of December 31, 2025 are as follows:
Year Operating
Leases
2026 $ 11,788 
2027 9,857 
2028 7,401 
2029 5,726 
2030 4,111 
Thereafter 5,912 
Total lease payments 44,795 
Less: Interest (6,634)
Total lease liabilities (1)
$ 38,161 
(1)     Refer to the above table regarding the Company’s right-of-use lease assets and lease liabilities for the classification of lease liabilities in the Company’s consolidated balance sheets as of December 31, 2025.
Cash Flow Information Related to Leases
The following table presents other information related to the Company’s operating and finance leases and the impact on the Company’s consolidated statements of cash flows:
Years ended December 31,
2025 2024
Cash paid for amounts included in the measurement of lease liabilities:
Payments on operating leases included in operating cash flows $ 12,079  $ 10,359 
Interest payments under finance leases included in operating cash flows —  2 
Principal payments under finance leases included in financing cash flows 23  76 
Right-of-use assets obtained in exchange for new lease liabilities (non-cash):
Operating leases 15,101  18,274