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Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases Leases
Rockwell leases its production facilities and administrative offices as well as certain equipment used in its operations including leases on transportation equipment used in the delivery of its products. The lease terms range from monthly to six years. Rockwell occupies a 51,000 square foot facility and a 17,500 square foot facility in Wixom, Michigan under a lease expiring in August 2027. During March 2024, the lease for the Wixom facilities was extended by three years to August 2027, which was accounted for as a modification.
Rockwell also occupies a 51,000 square foot facility in Grapevine, Texas, under a lease expiring in February 2031. The lease, which previously expired in December 2025, was extended by 62 months to February 2031.
The Company previously operated in a 57,000 square foot facility in Greer, South Carolina, but the Company concluded manufacturing at that facility in the third quarter of 2025 as part of its ongoing efforts to streamline operations and improve efficiency. The lease expired in February 2026. The Company recognized a gain of $24,000 related to the early termination of this lease during the year ended December 31, 2025, resulting from the derecognition of the related right-of-use asset and lease liability.
During the year ended December 31, 2025, Rockwell entered into a lease for a 16,800-square foot storage facility in Allentown, Pennsylvania, that expires in April 2030, resulting in the recognition of a right-of-use asset and corresponding lease liability of approximately $1.0 million on the consolidated balance sheets.
The following summarizes quantitative information about the Company’s operating and finance leases (tables in thousands):
For the year ended December 31,
20252024
Operating Leases
Operating Lease Cost$1,868 $1,608 
Variable Lease Cost555 508 
Operating Lease Expense2,423 2,116 
Finance Leases
Amortization of Right-of-use Assets488 559 
Interest on Lease Obligations73 114 
Finance Lease Expense561 673 
Short-term Lease Rent Expense21 21 
Total Lease Expense$3,005 $2,810 
Other Information
Operating Cash Flows from Operating Leases$1,872 $1,753 
Operating Cash Flows from Finance Leases$103 $114 
Financing Cash Flows from Finance Leases$529 $558 
December 31,
20252024
Other Information
Weighted-average Remaining Lease Term – Operating Leases2.72.4
Weighted-average Remaining Lease Term – Finance Leases1.72.5
Weighted-average Discount Rate – Operating Leases9.6 %6.3 %
Weighted-average Discount Rate – Finance Leases6.8 %6.4 %
Future minimum rental payments under operating and finance lease agreements are as follows (table in thousands):
OperatingFinance
Year Ending December 31, 2026$1,316 $504 
Year Ending December 31, 2027912 311 
Year Ending December 31, 2028328 — 
Year Ending December 31, 2029283 — 
Year Ending December 31, 203096 — 
Total2,935 815 
Less Present Value Discount(326)(42)
Operating and Finance Lease Liabilities$2,609 $773 
Leases Leases
Rockwell leases its production facilities and administrative offices as well as certain equipment used in its operations including leases on transportation equipment used in the delivery of its products. The lease terms range from monthly to six years. Rockwell occupies a 51,000 square foot facility and a 17,500 square foot facility in Wixom, Michigan under a lease expiring in August 2027. During March 2024, the lease for the Wixom facilities was extended by three years to August 2027, which was accounted for as a modification.
Rockwell also occupies a 51,000 square foot facility in Grapevine, Texas, under a lease expiring in February 2031. The lease, which previously expired in December 2025, was extended by 62 months to February 2031.
The Company previously operated in a 57,000 square foot facility in Greer, South Carolina, but the Company concluded manufacturing at that facility in the third quarter of 2025 as part of its ongoing efforts to streamline operations and improve efficiency. The lease expired in February 2026. The Company recognized a gain of $24,000 related to the early termination of this lease during the year ended December 31, 2025, resulting from the derecognition of the related right-of-use asset and lease liability.
During the year ended December 31, 2025, Rockwell entered into a lease for a 16,800-square foot storage facility in Allentown, Pennsylvania, that expires in April 2030, resulting in the recognition of a right-of-use asset and corresponding lease liability of approximately $1.0 million on the consolidated balance sheets.
The following summarizes quantitative information about the Company’s operating and finance leases (tables in thousands):
For the year ended December 31,
20252024
Operating Leases
Operating Lease Cost$1,868 $1,608 
Variable Lease Cost555 508 
Operating Lease Expense2,423 2,116 
Finance Leases
Amortization of Right-of-use Assets488 559 
Interest on Lease Obligations73 114 
Finance Lease Expense561 673 
Short-term Lease Rent Expense21 21 
Total Lease Expense$3,005 $2,810 
Other Information
Operating Cash Flows from Operating Leases$1,872 $1,753 
Operating Cash Flows from Finance Leases$103 $114 
Financing Cash Flows from Finance Leases$529 $558 
December 31,
20252024
Other Information
Weighted-average Remaining Lease Term – Operating Leases2.72.4
Weighted-average Remaining Lease Term – Finance Leases1.72.5
Weighted-average Discount Rate – Operating Leases9.6 %6.3 %
Weighted-average Discount Rate – Finance Leases6.8 %6.4 %
Future minimum rental payments under operating and finance lease agreements are as follows (table in thousands):
OperatingFinance
Year Ending December 31, 2026$1,316 $504 
Year Ending December 31, 2027912 311 
Year Ending December 31, 2028328 — 
Year Ending December 31, 2029283 — 
Year Ending December 31, 203096 — 
Total2,935 815 
Less Present Value Discount(326)(42)
Operating and Finance Lease Liabilities$2,609 $773