Quarterly report [Sections 13 or 15(d)]

Leases

v3.26.1
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases
Note I – Leases
The Company has entered into and acquired long-term leasing arrangements for the right to use various classes of underlying assets including facilities, vehicles and office equipment.
​
Other Supplemental Information
The table below presents other supplemental information related to the Company’s leases for the following periods:
Three Months Ended
June 30, 2026 June 30, 2025
Operating Leases Finance Leases Operating Leases Finance Leases
Cash paid for lease liabilities $ 2,956  $ 201  $ 1,506  $ 172 
Right of use assets obtained in exchange for new lease liabilities 720  142  —  110 
Six Months Ended
June 30, 2026 June 30, 2025
Operating Leases Finance Leases Operating Leases Finance Leases
Cash paid for lease liabilities $ 5,793  $ 393  $ 2,959  $ 326 
Right of use assets obtained in exchange for new lease liabilities 6,780  297  1,922  219 
June 30, 2026 June 30, 2025
Operating Leases Finance Leases Operating Leases Finance Leases
Weighted average remaining lease term (in years) 5.3 3.3 3.7 3.3
Weighted average discount rate 8.8  % 7.8  % 7.7  % 8.0  %
As of June 30, 2026, the Company had two facility leases that had not yet commenced but require significant future lease obligations in the aggregate amount of $16.9 million. The contracts were determined to be operating leases, whereby the Company is not required to make rent payments prior to the lease commencement date while construction is completed on the underlying assets. Due to the nature of the work and the amount of the Company’s contribution to the construction period costs for the leases, the Company was determined not to be the owner of the assets under construction as the landlords have substantially all of the construction period risks.
Leases
Note I – Leases
The Company has entered into and acquired long-term leasing arrangements for the right to use various classes of underlying assets including facilities, vehicles and office equipment.
​
Other Supplemental Information
The table below presents other supplemental information related to the Company’s leases for the following periods:
Three Months Ended
June 30, 2026 June 30, 2025
Operating Leases Finance Leases Operating Leases Finance Leases
Cash paid for lease liabilities $ 2,956  $ 201  $ 1,506  $ 172 
Right of use assets obtained in exchange for new lease liabilities 720  142  —  110 
Six Months Ended
June 30, 2026 June 30, 2025
Operating Leases Finance Leases Operating Leases Finance Leases
Cash paid for lease liabilities $ 5,793  $ 393  $ 2,959  $ 326 
Right of use assets obtained in exchange for new lease liabilities 6,780  297  1,922  219 
June 30, 2026 June 30, 2025
Operating Leases Finance Leases Operating Leases Finance Leases
Weighted average remaining lease term (in years) 5.3 3.3 3.7 3.3
Weighted average discount rate 8.8  % 7.8  % 7.7  % 8.0  %
As of June 30, 2026, the Company had two facility leases that had not yet commenced but require significant future lease obligations in the aggregate amount of $16.9 million. The contracts were determined to be operating leases, whereby the Company is not required to make rent payments prior to the lease commencement date while construction is completed on the underlying assets. Due to the nature of the work and the amount of the Company’s contribution to the construction period costs for the leases, the Company was determined not to be the owner of the assets under construction as the landlords have substantially all of the construction period risks.