v3.25.4
Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases Leases
The Company leases facilities for its offices, research and development center, and manufacturing facilities in mainland China, Hong Kong, Taiwan, and the United States. Lease terms vary based on the nature of operations and market dynamics; however, all leased facilities are classified as operating leases with remaining lease terms between one and seven years.
The following table presents operating lease costs ($ in thousands). Total lease expense related to short-term leases was insignificant for those periods presented.
Year Ended December 31,
202520242023
Operating fixed lease cost9,339 8,751 8,691 
The following table presents operating cash flows related to leases ($ in thousands):
Year Ended December 31,
202520242023
Cash paid for amounts included in measurement of lease liabilities8,692 8,831 9,317 
Non-cash operating lease liabilities arising from obtaining operating right-of-use assets6,050 15,150 3,668 
The maturities of lease liabilities in accordance with ASC 842, Leases in each of the next five years and thereafter were as follows ($ in thousands):
Year Ended
December 31, 2025
20266,598 
20275,655 
20284,477 
20292,875 
2030512 
Thereafter322 
Total lease payments20,439 
Less: imputed interest(710)
Present value of minimum operating lease payments19,729 
Weighted-average remaining lease terms and discount rates were as follows:
December 31,
20252024
Weighted-average remaining lease term3.5 years3.7 years
Weighted-average discount rate3.2 %3.4 %