Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.26.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Schedule of Operating and Finance Leases Recorded in Consolidated Balance Sheet
Operating and finance lease amounts from continuing operations included in the unaudited condensed consolidated balance sheets are as follows (in thousands):
Classification Financial Statement Line Item September 30, 2026 December 31, 2025
Long-term Assets Right-of-use assets, operating leases $ 8,927  $ 9,368 
Long-term Assets Property, plant and equipment 813  1,060 
Current liabilities Current portion of lease liabilities, operating leases 776  712 
Current liabilities Current portion of lease liabilities, finance leases 345  331 
Non-current liabilities Non-current portion of lease liabilities, operating leases 10,907  11,496 
Non-current liabilities Non-current portion of lease liabilities, finance leases 547  808 
Schedule of Operating and Finance Leases Discount Rates, Total Lease Cost and Weighted Average Remaining Leases
Individual components of the total lease cost incurred by the Company are as follows:
Three Months Ended September 30, Nine Months Ended
September 30,
(in thousands) 2026 2025 2026 2025
Operating lease cost1
$ 359  $ 702  $ 1,077  $ 2,423 
Finance lease cost:
Amortization of right-of-use assets 82  75  247  226 
Interest on finance lease liabilities 14  17  44  53 
Sublease income (146) (145) (503) (406)
Total lease cost $ 309  $ 649  $ 865  $ 2,296 
1Includes short term leases, which are immaterial
Weighted-average remaining lease term September 30, 2026 December 31, 2025
Operating leases 9.79 years 10.50 years
Finance leases 2.48 years 3.23 years
Weighted-average discount rate
Operating leases 7.18  % 7.18  %
Finance leases 5.94  % 5.94  %
Schedule of Maturities For Sub Leases
Future expected cash receipts from the Company's sublease as of September 30, 2026 are as follows:
(in thousands) Sublease Receipts
Remainder of 2026 $ 151 
2027 606 
2028 618 
2029 631 
2030 643 
Thereafter 3,954 
Total sublease receipts $ 6,603 
Schedule of Maturities For Operating Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases in continuing operations as of September 30, 2026 are as follows:
(in thousands) Operating Finance
Remainder of 2026 $ 395  $ 97 
2027 1,589  387 
2028 1,622  387 
2029 1,655  86 
2030 1,589  — 
Thereafter 9,567  — 
Total undiscounted minimum future lease payments 16,417  957 
Imputed interest (4,734) (65)
Present value of lease liabilities $ 11,683  $ 892 
Schedule of Maturities For Finance Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases in continuing operations as of September 30, 2026 are as follows:
(in thousands) Operating Finance
Remainder of 2026 $ 395  $ 97 
2027 1,589  387 
2028 1,622  387 
2029 1,655  86 
2030 1,589  — 
Thereafter 9,567  — 
Total undiscounted minimum future lease payments 16,417  957 
Imputed interest (4,734) (65)
Present value of lease liabilities $ 11,683  $ 892