Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.25.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Operating Lease Expense
The components of total operating lease expense are as follows for the periods indicated:
Three Months Ended September 30, Nine Months Ended September 30,
(in thousands) 2025 2024 2025 2024
Operating lease costs $ 919  $ 919  $ 2,749  $ 2,745 
Short-term lease costs 158  135  420  510 
Variable lease costs 65  129  113  418 
Sublease income (269) —  (810) — 
Total operating lease expense $ 873  $ 1,183  $ 2,472  $ 3,673 
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to the operating and financing leases is as follows as of the periods indicated:
(in thousands, except lease term and discount rate) September 30, 2025 December 31, 2024
Operating Leases
Right-of-use operating assets $ 13,137  $ 14,265 
Current maturities of long-term lease obligations $ 2,326  $ 1,960 
Long-term lease obligations $ 17,393  $ 19,191 
Financing Leases
Right-of-use financing assets, net of accumulated amortization (1)
$ 29  $ 37 
Current maturities of long-term lease obligations $ 10  $ 9 
Long-term lease obligations $ 23  $ 30 
Weighted average operating lease term:
 8.3 years 8.8 years
Weighted average financing lease term:
 2.7 years 3.6 years
Weighted average discount rate - operating leases
 10.89% 10.95%
Weighted average discount rate - financing leases
 13.94% 14.06%
__________
(1)Financing leases are included in Property and equipment, net on the Condensed Consolidated Balance Sheets.
Schedule of Operating Lease Maturity
Future minimum lease payments under operating and financing leases as of September 30, 2025 are as follows:
(in thousands)
2025 (excluding the nine months ended September 30, 2025) $ 1,054 
2026 4,284 
2027 3,120 
2028 3,119 
2029 3,187 
Thereafter 15,385 
Total 30,149 
Less: Imputed interest (10,397)
Total lease obligations 19,752 
Less: Current maturities of long-term lease obligations
 (2,336)
Long-term lease obligations $ 17,416 
Schedule of Finance Lease Maturity
Future minimum lease payments under operating and financing leases as of September 30, 2025 are as follows:
(in thousands)
2025 (excluding the nine months ended September 30, 2025) $ 1,054 
2026 4,284 
2027 3,120 
2028 3,119 
2029 3,187 
Thereafter 15,385 
Total 30,149 
Less: Imputed interest (10,397)
Total lease obligations 19,752 
Less: Current maturities of long-term lease obligations
 (2,336)
Long-term lease obligations $ 17,416