v3.26.1
Leases
6 Months Ended
Jun. 30, 2026
Leases  
Leases

Note 12. Leases

The Company has operating and finance leases for corporate offices and certain equipment. These leases have remaining lease terms of less than one year to approximately thirteen years, some of which include options to extend the leases for multiple renewal periods of two to ten years each. Under the terms of the facilities leases, the Company is required to pay its proportionate share of property taxes, insurance and normal maintenance costs.

The components of lease cost were as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended

​

​

​

June 30, 

​

​

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

Operating lease cost

​

$

3,807

​

$

4,125

​

Finance lease cost:

​

​

​

​

​

​

​

Amortization of right-of-use assets

​

​

225

​

​

201

​

Interest on finance lease liabilities

​

​

44

​

​

52

​

​

​

​

269

​

​

253

​

Total lease cost

​

$

4,076

​

$

4,378

​

​

Other information related to leases was as follows (in thousands):

​

​

​

​

​

​

​

​

​

Supplemental Cash Flows Information

​

Six Months Ended June 30, 

​

​

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

Cash paid for amounts included in the measurement of lease liabilities:

 

​

​

 

​

​

 

Operating cash flows from operating leases

 

$

3,806

 

$

3,037

 

Operating cash flows from finance leases

 

$

267

 

$

239

 

Financing cash flows from finance leases

​

$

223

​

$

187

​

​

​

​

​

​

​

​

​

Right-of-use assets obtained in exchange for lease liabilities:

​

​

​

​

​

​

​

Operating leases

 

$

3,199

 

$

400

 

Finance leases

​

$

254

​

$

378

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 

​

December 31, 

 

​

​

  ​ ​ ​

2026

  ​ ​ ​

2025

 

  ​ ​ ​

Weighted-Average Remaining Lease Term

 

​

 

​

​

 

Operating leases

 

8.7

years

9.0

years

 

Finance leases

 

2.9

years

3.1

years

 

​

​

​

​

​

​

​

Weighted-Average Discount Rate

 

  ​

 

  ​

​

 

Operating leases

 

7.1

%  

7.1

%

 

Finance leases

 

7.6

%  

8.4

%

 

​

Future minimum lease payments under non-cancellable leases that have commenced as of June 30, 2026 were as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

Operating

​

Finance

Years Ending December 31

  ​ ​ ​

Leases

  ​ ​ ​

Leases

2026 (excluding the six months ended June 30, 2026)

 

$

3,266

 

$

266

2027

 

​

7,327

 

​

477

2028

 

​

6,678

 

​

344

2029

 

​

5,840

 

​

154

2030

​

​

6,054

​

​

49

Thereafter

 

​

31,191

 

​

9

Total future minimum lease payments

 

​

60,356

 

​

1,299

Less: imputed interest

 

​

(16,343)

 

​

(125)

Total

​

$

44,013

​

$

1,174

​

​

​

​

​

​

​

​

​

​

​

Operating

​

Finance

Reported as of June 30, 2026

  ​ ​ ​

Leases

  ​ ​ ​

Leases

Current lease liabilities

​

$

3,937

​

$

448

Noncurrent lease liabilities

​

 

40,076

​

 

726

Total

​

$

44,013

​

$

1,174

​