Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Leases

Leases

We lease real estate space under non-cancelable operating lease agreements for commercial and industrial space. Facilities-related operating leases have remaining terms of 0.1 to 10.4 years, and some leases include options to extend up to 10 years. Other leases for automobiles, manufacturing and office and computer equipment have remaining lease terms of 0.4 to 3.8 years. These leases are primarily operating leases; financing leases are not material. We did not include any renewal options in our lease terms for calculating the lease liabilities as we are not reasonably certain we will exercise the options at this time. The weighted-average remaining lease term for the lease obligations was 7 years as of December 31, 2024, and the weighted-average discount rate was 4.0%.

The components of lease expense related to operating leases were as follows (in thousands):

		Year Ended December 31,
		2024		2023		2022
Lease expense:
	Operating lease expense	$	3,695	$	3,671	$	3,865
	Short-term lease expense	404		472		573
	Variable and other lease expense	1,055		1,020		872
		$	5,154	$	5,163	$	5,310

Future minimum payments under our non-cancelable lease obligations were as follows as of December 31, 2024 (in thousands):

2025	$	2,786
2026	2,087
2027	2,005
2028	1,699
2029	1,028
Thereafter	4,417
Total minimum lease payments	14,022
Less: interest	(1,889)
Present value of net minimum lease payments	12,133
Less: current portion of lease liabilities	(2,314)
Total long-term lease liabilities	$	9,819