Leases (Tables)
|
9 Months Ended |
Sep. 30, 2024 |
|---|
| Leases [Abstract] |
|
| Schedule of Lease Expense and Other Supplemental Information |
Lease expense consisted of the following for the three and nine months ended September 30, 2024 and 2023 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
| Operating lease expense |
$ |
1,575 |
|
|
$ |
1,928 |
|
|
$ |
5,135 |
|
|
$ |
5,568 |
|
| Short-term lease expense |
16 |
|
|
37 |
|
|
70 |
|
|
476 |
|
| Finance lease expense: |
|
|
|
|
|
|
|
| Amortization of right-of-use assets |
398 |
|
|
445 |
|
|
1,229 |
|
|
1,579 |
|
| Interest on lease liabilities |
95 |
|
|
38 |
|
|
212 |
|
|
135 |
|
| Total lease expense |
$ |
2,084 |
|
|
$ |
2,448 |
|
|
$ |
6,646 |
|
|
$ |
7,758 |
|
Other supplemental information related to leases for the three and nine months ended September 30, 2024 and 2023 and as of September 30, 2024 and December 31, 2023 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
| Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
|
|
|
|
| Operating cash flows from operating leases |
$ |
1,521 |
|
|
$ |
1,826 |
|
|
$ |
4,904 |
|
|
$ |
5,419 |
|
| Operating cash flows from finance leases |
95 |
|
|
38 |
|
|
212 |
|
|
135 |
|
| Financing cash flows from finance leases |
412 |
|
|
869 |
|
|
1,359 |
|
|
3,547 |
|
| Right-of-use assets obtained in exchange for lease obligations: |
|
|
|
|
|
|
|
| Operating leases |
$ |
50 |
|
|
$ |
1,338 |
|
|
$ |
136 |
|
|
$ |
5,554 |
|
| Finance leases |
1,602 |
|
|
201 |
|
|
2,971 |
|
|
507 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
2024 |
|
2023 |
| Weighted-average remaining lease term: |
|
|
|
| Operating leases |
2.4 years |
|
2.5 years |
| Finance leases |
2.7 years |
|
2.2 years |
| Weighted-average discount rate: |
|
|
|
| Operating leases |
9.1 |
% |
|
8.7 |
% |
| Finance leases |
8.4 |
% |
|
6.3 |
% |
|
| Schedule of Supplemental Balance Sheet Information |
Supplemental balance sheet information related to leases as of September 30, 2024 and December 31, 2023 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
2024 |
|
2023 |
| Operating leases: |
|
|
|
| Operating lease right-of-use assets |
$ |
5,010 |
|
|
$ |
9,551 |
|
| Current operating lease liability |
3,428 |
|
|
5,771 |
|
| Long-term operating lease liability |
1,556 |
|
|
3,534 |
|
| Finance leases: |
|
|
|
| Property, plant and equipment, net |
$ |
5,345 |
|
|
$ |
3,966 |
|
| Accrued expenses and other current liabilities |
1,572 |
|
|
1,702 |
|
| Other liabilities |
3,592 |
|
|
2,138 |
|
|
| Schedule of Finance Lease Liabilities |
Maturities of lease liabilities as of September 30, 2024 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
| Remainder of 2024 |
$ |
1,509 |
|
|
$ |
489 |
|
| 2025 |
2,783 |
|
|
1,858 |
|
| 2026 |
726 |
|
|
2,141 |
|
| 2027 |
175 |
|
|
977 |
|
| 2028 |
15 |
|
|
192 |
|
| Thereafter |
467 |
|
|
265 |
|
| Total lease payments |
5,675 |
|
|
5,922 |
|
| Less: Present value discount |
691 |
|
|
758 |
|
| Present value of lease payments |
$ |
4,984 |
|
|
$ |
5,164 |
|
|
| Schedule of Operating Lease Liabilities |
Maturities of lease liabilities as of September 30, 2024 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
| Remainder of 2024 |
$ |
1,509 |
|
|
$ |
489 |
|
| 2025 |
2,783 |
|
|
1,858 |
|
| 2026 |
726 |
|
|
2,141 |
|
| 2027 |
175 |
|
|
977 |
|
| 2028 |
15 |
|
|
192 |
|
| Thereafter |
467 |
|
|
265 |
|
| Total lease payments |
5,675 |
|
|
5,922 |
|
| Less: Present value discount |
691 |
|
|
758 |
|
| Present value of lease payments |
$ |
4,984 |
|
|
$ |
5,164 |
|
|