Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.25.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Summary of Lease Cost

The components of lease expense are as follows:

 

 

 

 

 

Year Ended December 31,

 

 

 

 

 

2024

 

 

2023

 

Operating lease costs(1)

 

Selling, general and administrative expenses

 

$

 

6,863

 

 

$

 

7,084

 

 

 

Costs and expenses applicable to revenues

 

 

 

1,405

 

 

 

 

1,780

 

Total lease cost

 

 

 

$

 

8,268

 

 

$

 

8,864

 

 

(1)
Includes short-term leases and variable lease costs for the years ended December 31, 2024 and 2023.
Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

 

 

 

 

 

As of December 31,

 

Balance Sheet Information

 

Classification

 

2024

 

 

2023

 

Operating lease right-of-use assets, net

 

Operating leases

 

$

 

24,012

 

 

$

 

27,377

 

Lease liabilities

 

 

 

 

 

 

 

 

 

 

Current portion of operating lease liabilities

 

Operating leases

 

$

 

6,534

 

 

$

 

7,716

 

Long-term portion of operating lease liabilities

 

Operating leases

 

 

 

21,599

 

 

 

 

28,009

 

Total

 

 

 

$

 

28,133

 

 

$

 

35,725

 
Summary of Maturities of Lease Liabilities for Operating Leases

Maturities of lease liabilities for operating leases as of December 31, 2024, were as follows:

 

 

 

 

 

Operating Leases

 

2025

 

 

 

$

 

6,534

 

2026

 

 

 

 

 

6,508

 

2027

 

 

 

 

 

6,180

 

2028

 

 

 

 

 

6,188

 

2029

 

 

 

 

 

5,943

 

Thereafter

 

 

 

 

 

31,188

 

Total lease payments

 

 

 

$

 

62,541

 

Less: interest expense

 

 

 

 

 

(34,408

)

Present value of lease liabilities

 

 

 

$

 

28,133

 

Weighted-average remaining lease term (years)

 

 

 

 

 

9.6

 

Weighted-average discount rate

 

 

 

 

 

19

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