| Components of Lease Expense, Supplemental Cash Flow Information Related to Leases, and Supplemental Balance Sheet Information Related to Leases |
The components of lease expense were as follows: | | | | | | | | | | | | | 2025 | 2024 | 2023 | | Operating lease cost | $ | 5,927 | $ | 5,776 | $ | 5,577 | | Finance lease cost: | | | | Amortization of leased assets in property, plant and equipment | $ | 182 | $ | 205 | $ | 232 | | Interest on lease obligation | 142 | 171 | 184 | | Total finance lease cost | $ | 324 | $ | 376 | $ | 416 |
The following table provides supplemental cash flows information related to leases: | | | | | | | | | | | | | 2025 | 2024 | 2023 | Cash Flows from Operating Activities | | | | | Cash paid for amounts included in lease obligations: | | | | | Operating cash flows from operating leases | $ | 4,830 | $ | 4,757 | $ | 4,588 | | | | | | Supplemental Lease Cash Flow Disclosures | | | | | Operating lease right-of-use assets obtained in exchange for new operating lease obligations | 5,517 | 3,762 | 2,693 |
The following tables set forth supplemental balance sheet information related to leases at December 31: | | | | | | | | | | 2025 | 2024 | | Operating Leases | | | | Operating lease right-of-use assets | $ | 22,642 | | $ | 20,909 | | | | | | Accounts payable and accrued liabilities | $ | 3,581 | | $ | 3,533 | | | Operating lease obligation | 18,943 | | 17,391 | | | Total operating lease obligation | $ | 22,524 | | $ | 20,924 | | | | | | Finance Leases | | | | Property, plant and equipment, at cost | $ | 2,476 | | $ | 2,449 | | | Accumulated depreciation and amortization | (1,484) | | (1,378) | | | Property, plant and equipment – net | $ | 992 | | $ | 1,071 | | | | | | Current portion of long-term debt | $ | 190 | | $ | 179 | | | Long-term debt | 1,192 | | 1,237 | | | Total finance lease obligation | $ | 1,382 | | $ | 1,416 | | | | | | | | | 2025 | 2024 | | Weighted-Average Remaining Lease Term (years) | | | | Operating leases | 7.6 | 7.6 | | Finance leases | 5.3 | 6.7 | | | | | Weighted-Average Discount Rate | | | | Operating leases | 4.6 | % | 4.5 | % | | Finance leases | 8.7 | % | 8.5 | % |
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| Schedule of Maturities of Operating Leases |
The following table provides the expected future minimum maturities of lease obligations: | | | | | | | | | | | | At December 31, 2025 | Operating Leases | | Finance
Leases | | 2026 | $ | 4,956 | | | $ | 309 | | | 2027 | 4,489 | | | 316 | | | 2028 | 3,871 | | | 324 | | | 2029 | 3,141 | | | 333 | | | 2030 | 2,291 | | | 275 | | | Thereafter | 8,808 | | | 204 | | | Total lease payments | 27,556 | | | 1,761 | | Less: Imputed interest | (5,032) | | | (379) | | | Total | $ | 22,524 | | | $ | 1,382 | |
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| Schedule of Maturities of Finance Leases |
The following table provides the expected future minimum maturities of lease obligations: | | | | | | | | | | | | At December 31, 2025 | Operating Leases | | Finance
Leases | | 2026 | $ | 4,956 | | | $ | 309 | | | 2027 | 4,489 | | | 316 | | | 2028 | 3,871 | | | 324 | | | 2029 | 3,141 | | | 333 | | | 2030 | 2,291 | | | 275 | | | Thereafter | 8,808 | | | 204 | | | Total lease payments | 27,556 | | | 1,761 | | Less: Imputed interest | (5,032) | | | (379) | | | Total | $ | 22,524 | | | $ | 1,382 | |
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