Leases (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Leases [Abstract] |
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| Supplemental Lease Information |
Supplemental balance sheet information related to leases was as follows (in thousands, except lease term and discount rate):
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December 31, 2025 |
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December 31, 2024 |
| Operating leases |
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| Assets |
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| Operating lease right-of-use assets |
$ |
31,837 |
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|
$ |
28,689 |
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| Liabilities |
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| Operating lease liabilities, current |
$ |
8,404 |
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$ |
5,031 |
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| Operating lease liabilities, non-current |
26,167 |
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|
26,178 |
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| Total operating lease liabilities |
$ |
34,571 |
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$ |
31,209 |
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| Finance leases |
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| Assets |
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| Financing lease right-of-use assets |
$ |
15,809 |
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$ |
11,351 |
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| Accumulated amortization |
(5,680) |
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(3,860) |
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| Financing lease right-of-use assets, net |
$ |
10,129 |
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$ |
7,491 |
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| Liabilities |
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| Finance lease liabilities, current |
$ |
2,254 |
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$ |
2,579 |
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| Finance lease liabilities, non-current |
7,447 |
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|
3,859 |
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| Total finance lease liabilities |
$ |
9,701 |
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$ |
6,438 |
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December 31, 2025 |
December 31, 2024 |
| Weighted-average remaining lease term (years) |
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| Operating leases |
10.8 years |
9.5 years |
| Finance leases |
2.9 years |
3.4 years |
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| Weighted-average discount rate |
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| Operating leases |
6.9 |
% |
6.6 |
% |
| Finance leases |
5.2 |
% |
7.5 |
% |
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The table below presents certain supplemental information related to the cash flows for operating and finance leases recorded on the consolidated statements of cash flows:
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Year Ended December 31, |
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2025 |
|
2024 |
| Cash paid for amounts included in the measurement of lease liabilities |
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| Operating cash flows used for operating leases |
$ |
(8,528) |
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$ |
(6,446) |
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| Operating cash flows used for finance leases |
$ |
(396) |
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$ |
(389) |
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| Finance cash flows used for finance leases |
$ |
(1,486) |
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$ |
(2,156) |
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| Right-of-use assets obtained in exchange for lease obligations: |
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| Operating lease liabilities |
$ |
4,215 |
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$ |
5,115 |
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| Finance lease liabilities |
$ |
4,424 |
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$ |
2,537 |
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| Schedule of Future Minimum Payments, Operating Leases |
Maturities of lease liabilities were as follows:
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December 31, 2025 |
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Operating Leases |
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Finance Leases |
| 2026 |
$ |
10,909 |
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$ |
2,362 |
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| 2027 |
8,961 |
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|
3,957 |
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| 2028 |
7,067 |
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|
3,359 |
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| 2029 |
3,725 |
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|
98 |
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| 2030 |
2,468 |
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— |
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| 2031 and thereafter |
18,384 |
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— |
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| Total undiscounted lease payments |
$ |
51,514 |
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|
$ |
9,776 |
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| Less: imputed interest |
(16,943) |
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(75) |
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| Total lease liabilities |
$ |
34,571 |
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$ |
9,701 |
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| Schedule of Future Minimum Payments, Finance Leases |
Maturities of lease liabilities were as follows:
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December 31, 2025 |
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Operating Leases |
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Finance Leases |
| 2026 |
$ |
10,909 |
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|
$ |
2,362 |
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| 2027 |
8,961 |
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|
3,957 |
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| 2028 |
7,067 |
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|
3,359 |
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| 2029 |
3,725 |
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|
98 |
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| 2030 |
2,468 |
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|
— |
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| 2031 and thereafter |
18,384 |
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— |
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| Total undiscounted lease payments |
$ |
51,514 |
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$ |
9,776 |
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| Less: imputed interest |
(16,943) |
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(75) |
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| Total lease liabilities |
$ |
34,571 |
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$ |
9,701 |
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| Schedule of Lease Costs |
The table below presents certain information related to the lease costs:
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Year Ended December 31, |
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2025 |
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2024 |
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2023 |
| Operating lease cost |
$ |
8,506 |
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$ |
6,613 |
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$ |
5,760 |
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| Finance Leases |
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| Amortization of right-of-use assets |
1,820 |
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|
1,787 |
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|
1,063 |
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| Interest on lease liabilities |
396 |
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|
389 |
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|
243 |
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| Other Lease Costs |
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| Short-term lease cost |
2,548 |
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|
2,583 |
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|
2,342 |
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Variable lease cost(1)
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3,411 |
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|
2,579 |
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|
2,414 |
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| Total lease cost |
$ |
16,681 |
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$ |
13,951 |
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$ |
11,822 |
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(1) Consist primarily of common-area maintenance, taxes and utilities
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