v3.25.1
Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Operating Lease Costs

The following table sets forth information about the Company’s lease costs for the years ended December 31, 2024 and 2023:

 

 

 

Year Ended December 31,

 

 

 

2024

 

2023

 

Operating lease cost

 

$

21,195

 

$

18,278

 

Short-term lease cost

 

 

1,685

 

 

768

 

Finance lease cost:

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

 

743

 

 

—

 

Interest on lease liabilities

 

 

303

 

 

—

 

Total lease costs

 

$

23,926

 

$

19,046

 

 

The following table sets forth supplemental cash flow information about operating and finance leases for the years ended December 31, 2024 and 2023:

 

 

 

Year Ended December 31,

 

 

 

2024

 

2023

 

ROU assets obtained in exchange for new lease liabilities

 

 

 

 

 

 

 

Operating lease liabilities

 

$

14,866

 

$

48,807

 

Finance lease liabilities

 

$

16,039

 

$

—

 

 

Supplemental balance sheet information related to the leases is as follows:

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

Weighted-average remaining lease term – operating leases

 

9.09 years

 

 

8.52 years

 

Weighted-average discount rate – operating leases

 

6.87

%

 

6.54

%

Weighted-average remaining lease term – finance leases

 

4.83 years

 

 

0 years

 

Weighted-average discount rate – finance leases

 

8.23

%

 

—

%

Schedule of Future Minimum Lease Payments

The Company’s future lease payments under non-cancellable operating leases as of December 31, 2024 are as follows:

 

Fiscal Year

 

Amount

 

2025

 

$

19,739

 

2026

 

 

17,455

 

2027

 

 

12,714

 

2028

 

 

6,451

 

2029

 

 

4,095

 

Thereafter

 

 

40,226

 

Total undiscounted cash flows

 

 

100,680

 

Less: Imputed interest

 

 

(30,452

)

Present value of lease liabilities

 

$

70,228

 

Schedule of Finance Lease Payments

The Company’s future lease payments under finance leases as of December 31, 2024 are as follows:

 

Fiscal Year

 

Amount

 

2025

 

$

1,837

 

2026

 

 

2,334

 

2027

 

 

1,890

 

2028

 

 

1,531

 

2029

 

 

788

 

Thereafter

 

 

—

 

Total undiscounted cash flows

 

 

8,380

 

Less: Imputed interest

 

 

(1,390

)

Present value of lease liabilities

 

$

6,990