Leases (Tables)

6 Months Ended

Jun. 30, 2026

The components of total operating lease expense and sublease income are as follows for the periods presented:


	Three Months Ended				Six Months Ended
(in thousands)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025




Operating lease costs	$	949	$	919	$	1,891	$	1,830
Short-term lease costs	29		133		60		262
Variable lease costs	364		(11)		709		48
Total operating lease expense	$	1,342	$	1,041	$	2,660	$	2,140

Sublease income	$	271	$	272	$	541	$	541

Supplemental balance sheet information related to the operating and financing leases is as follows as of the periods presented:


(in thousands, except lease term and discount rate)	June 30, 2026		December 31, 2025
Operating Leases
Right-of-use operating assets	$	13,845	$	12,732
Current maturities of long-term lease obligations	$	1,956	$	2,354
Long-term lease obligations	$	18,070	$	16,838


Financing Leases
Right-of-use financing assets, net of accumulated amortization (1)	$	35	$	44
Current maturities of long-term lease obligations	$	19	$	18
Long-term lease obligations	$	21	$	32

Weighted average operating lease term	7.7 years		8.1 years
Weighted average financing lease term	2.2 years		1.8 years

Weighted average discount rate - operating leases	10.27%		10.87%
Weighted average discount rate - financing leases	13.59%		8.01%

__________

(1)Financing leases are included in Property and equipment, net on the Condensed Consolidated Balance Sheets.

Future minimum lease payments under operating and financing leases as of June 30, 2026 are as follows:


(in thousands)
2026 (excluding the six months ended June 30, 2026)	$	2,112
2027	3,569
2028	3,587
2029	3,665
2030	3,593
Thereafter	12,793
Total	29,319
Less: Imputed interest	(9,253)
Total lease obligations	20,066
Less: Current maturities of long-term lease obligations	(1,975)
Long-term lease obligations	$	18,091

Future minimum lease payments under operating and financing leases as of June 30, 2026 are as follows:


(in thousands)
2026 (excluding the six months ended June 30, 2026)	$	2,112
2027	3,569
2028	3,587
2029	3,665
2030	3,593
Thereafter	12,793
Total	29,319
Less: Imputed interest	(9,253)
Total lease obligations	20,066
Less: Current maturities of long-term lease obligations	(1,975)
Long-term lease obligations	$	18,091