XML 58 R41.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Lease Balances within the Consolidated Balance Sheet
Lease balances within our consolidated balance sheets were as follows:
(In thousands)December 31, 2024December 31, 2023
Assets:
Operating lease right-of-use assets
$14,322 $18,693 
Liabilities:
Other accrued liabilities
$3,553 $4,813 
Long-term operating lease obligations
9,232 12,560 
Total lease liabilities
$12,785 $17,373 
Operating Lease Expense, Operating Lease Cash Flows and Supplemental Cash Flow Information
Operating lease expense, operating lease cash flows and supplemental cash flow information were as follows:
Year Ended December 31,
(In thousands)202420232022
Cost of sales$2,390 $3,012 $2,822 
Selling, general and administrative expenses5,017 4,378 4,474 
Total operating lease expense$7,407 $7,390 $7,296 
Operating lease expenses from variable and short-term lease costs$1,146 $1,033 $632 
Operating cash outflows from operating leases$8,152 $7,736 $7,427 
Operating lease right-of-use assets obtained in exchange for lease obligations$1,249 $4,360 $8,756 
Lease Terms and Discount Rates
The weighted average remaining lease liability term and the weighted average discount rate were as follows:
Year Ended December 31,
20242023
Weighted average lease liability term (in years)4.64.9
Weighted average discount rate5.45 %5.04 %
Reconciliation of the Undiscounted Cash Flows for Each of the First Five Years and Thereafter to Operating Lease Liabilities
The following table reconciles the undiscounted cash flows for each of the first five years and thereafter to the operating lease liabilities recognized in our consolidated balance sheet at December 31, 2024. The reconciliation excludes short-term leases that are not recorded on the balance sheet.

(In thousands)
2025$4,100 
20263,744 
20272,999 
20281,349 
2029594 
Thereafter1,829 
Total lease payments14,615 
Less: imputed interest(1,830)
Total lease liabilities$12,785