v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Lease, Cost
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 $5,814 
Schedule of Cash Flow, Supplemental Disclosures
Supplemental cash-flow and other information related to leases is as follows:
(in thousands)202520242023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows - payments on operating leases$(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 
Net cash paid (refunds received) for income taxes consisted of the following:
(in thousands)202520242023
U.S. Federal$— $(2,944)$— 
U.S. State and local(384)1,124 1,588 
Foreign6,539 6,730 41,738 
Net cash paid for income taxes$6,155 $4,910 $43,326 
Net cash paid for income taxes exceeded 5% of total net income tax paid in the following jurisdictions:
(in thousands)2025
Foreign
Brazil$725 
Germany382 
Italy348 
Mexico2,277 
Spain1,589 
Switzerland(1)
627 
Other590 
(1) Includes Switzerland cantonal capital tax paid in lieu of income tax when losses occur.
Supplemental Balance Sheet
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 %
Operating Lease, Liability, Maturity
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