Leases (Tables)
|
12 Months Ended |
Dec. 31, 2023 |
|---|
| Leases [Abstract] |
|
| Schedule of Lease Expense and Other Supplemental Information |
Lease expense consisted of the following for the years ended December 31, 2023 and 2022 (in thousands):
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|
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|
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|
|
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|
Year Ended December 31, |
|
2023 |
|
2022 |
| Operating lease expense |
$ |
7,510 |
|
|
$ |
6,804 |
|
| Short-term lease expense |
515 |
|
|
75 |
|
| Finance lease expense: |
|
|
|
| Amortization of right-of-use assets |
2,059 |
|
|
1,820 |
|
| Interest on lease liabilities |
191 |
|
|
215 |
|
| Total lease expense |
$ |
10,275 |
|
|
$ |
8,914 |
|
Other supplemental information related to leases for the years ended December 31, 2023 and 2022 is as follows (in thousands):
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Year Ended December 31, |
|
2023 |
|
2022 |
| Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
| Operating cash flows from operating leases |
$ |
7,438 |
|
|
$ |
6,790 |
|
| Operating cash flows from finance leases |
191 |
|
|
215 |
|
| Financing cash flows from finance leases |
3,716 |
|
|
2,655 |
|
| Right-of-use assets obtained in exchange for lease obligations: |
|
|
|
| Operating leases |
$ |
5,681 |
|
|
$ |
5,190 |
|
| Finance leases |
1,417 |
|
|
3,058 |
|
|
|
|
|
|
|
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|
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|
Year Ended December 31, |
|
2023 |
|
2022 |
| Weighted-average remaining lease term: |
|
|
|
| Operating leases |
2.5 years |
|
2.9 years |
| Finance leases |
2.2 years |
|
2.0 years |
| Weighted-average discount rate: |
|
|
|
| Operating leases |
8.7 |
% |
|
4.1 |
% |
| Finance leases |
6.3 |
% |
|
4.3 |
% |
|
| Schedule of Supplemental Balance Sheet Information |
Supplemental balance sheet information related to leases as of December 31, 2023 and 2022 is as follows (in thousands):
|
|
|
|
|
|
|
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|
Year Ended December 31, |
|
2023 |
|
2022 |
| Operating leases: |
|
|
|
| Operating lease right-of-use assets |
$ |
9,551 |
|
|
$ |
10,656 |
|
| Current operating lease liability |
5,771 |
|
|
5,447 |
|
| Long-term operating lease liability |
3,534 |
|
|
4,913 |
|
| Finance leases: |
|
|
|
| Property and equipment, net |
$ |
3,966 |
|
|
$ |
7,267 |
|
| Accrued expenses and other current liabilities |
1,702 |
|
|
4,003 |
|
| Other liabilities |
2,138 |
|
|
2,602 |
|
|
| Schedule of Finance Lease Liabilities |
Maturities of lease liabilities as of December 31, 2023 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
| 2024 |
$ |
6,298 |
|
|
$ |
1,872 |
|
| 2025 |
2,725 |
|
|
918 |
|
| 2026 |
725 |
|
|
1,361 |
|
| 2027 |
174 |
|
|
— |
|
| 2028 |
14 |
|
|
— |
|
| Thereafter |
435 |
|
|
— |
|
| Total lease payments |
10,371 |
|
|
4,151 |
|
| Less: Present value discount |
1,066 |
|
|
311 |
|
| Present value of lease payments |
$ |
9,305 |
|
|
$ |
3,840 |
|
|
| Schedule of Operating Lease Liabilities |
Maturities of lease liabilities as of December 31, 2023 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
| 2024 |
$ |
6,298 |
|
|
$ |
1,872 |
|
| 2025 |
2,725 |
|
|
918 |
|
| 2026 |
725 |
|
|
1,361 |
|
| 2027 |
174 |
|
|
— |
|
| 2028 |
14 |
|
|
— |
|
| Thereafter |
435 |
|
|
— |
|
| Total lease payments |
10,371 |
|
|
4,151 |
|
| Less: Present value discount |
1,066 |
|
|
311 |
|
| Present value of lease payments |
$ |
9,305 |
|
|
$ |
3,840 |
|
|