10. LEASES

The Company has operating leases for office space, manufacturing facilities and equipment, computer equipment and automobiles. Many leases include one or more options to renew, some of which include options to extend the leases for a long-term period, and some leases include options to terminate the leases within 30 days. In certain of the Company's lease agreements, the rental payments are adjusted periodically to reflect actual charges incurred for capital area maintenance, utilities, inflation and/or changes in other indexes.

The Company’s finance lease obligations relate to a manufacturing facility. As of December 31, 2025, finance lease assets of $7,037 are included in property, plant, and equipment, net, finance lease obligations of $486 are included in accrued liabilities, and $7,766 are included in long-term debt on the consolidated balance sheet.

For the years ended December 31, 2025 and 2024, the components of operating lease expense were as follows (in thousands):

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Supplemental cash flow information related to the Company’s operating and finance leases for the years ended December 31, 2025 and 2024 are as follows (in thousands):

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The following table presents weighted average remaining lease term and discount rates related to the Company’s operating leases as of December 31, 2025 and 2024:

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The following table presents the maturity of the Company’s operating and finance lease liabilities as of December 31, 2025 (in thousands):

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The Company leases certain facilities from companies for which a member of management is a part owner. In connection with such leases, the Company made payments to the lessor of $746 and $884 during the years ended December 31, 2025 and 2024, respectively. Future minimum lease payments under these leases as of December 31, 2025 are $5,083.