v3.25.4
Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases Leases
The Company leases certain transportation and mobile manufacturing equipment such as railcars and forklifts, as well as real estate.
The components of lease expense are as follows:
(in thousands)202520242023
Operating lease cost$3,387 $3,966 $4,896 
Finance lease cost:
Amortization of lease assets120 91 39 
Interest on lease liabilities28 27 13 
Short-term lease cost104 130 123 
Variable lease cost976 335 743 
Total lease cost$4,615 $4,549 $5,814 

Supplemental cash-flow and other information related to leases is as follows:
(in thousands)202520242023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows - payments on operating leases$(2,115)$(2,815)$(3,919)
Operating cash outflows - interest payments on finance leases(28)(27)(13)
Financing cash outflows - payments on finance lease obligations(111)(82)(36)
Right-of-use assets obtained in exchange for operating lease obligations— 4,775 2,621 
Right-of-use assets obtained in exchange for finance lease obligations86 130 291 
Supplemental balance sheet information related to leases is as follows:
December 31,
(dollars in thousands)20252024
Location
Operating Leases
Operating lease right-of-use assets Other assets $4,392 $6,261 
Current operating lease liabilities Other accrued liabilities1,719 2,050 
Non-current operating lease liabilities Other long-term obligations2,697 4,077 
Total operating lease liabilities$4,416 $6,127 
Finance Leases
Property, plant and equipmentProperty, plant and equipment$591 $484 
Accumulated depreciationAccumulated depreciation250 130 
Finance lease assets, net$341 $354 
Other liabilities and accrued itemsOther liabilities and accrued items$143 $119 
Finance lease liabilitiesOther long-term obligations217 248 
Total principal payable on finance leases$360 $367 
Weighted-Average Remaining Lease Term
Operating leases5.6 years5.1 years
Finance leases3.1 years3.6 years
Weighted-Average Discount Rate
Operating leases6.77 %6.46 %
Finance leases7.31 %7.55 %

As of December 31, 2025, future minimum lease payments under noncancellable operating leases were as follows:
(in thousands)Finance LeasesOperating Leases
2026145 1,816 
2027107 806 
202888 509 
202936 485 
20308 461 
2031 and thereafter— 1,409 
Total lease payments $384 $5,486 
Less: Imputed interest(24)(1,070)
Present value of lease payments$360 $4,416 
As of December 31, 2025, the Company has not entered into any material lease commitments that have yet to commence.