Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Schedule of Lease Expense and Cash Flow Information

The following table summarizes the lease expense by category in the Consolidated Statement of Operations:

(in thousands)	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2023		2022		2023		2022
Cost of sales	$	2,243	$	1,583	$	6,214	$	4,718
Research, development and engineering expenses	64		63		190		204
Selling, general and administrative expenses	19		19		56		79
Interest expense	39		28		80		56
Total	$	2,365	$	1,693	$	6,540	$	5,057

The following table summarizes the components of lease expense:

(in thousands)	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2023		2022		2023		2022
Operating lease cost	$	1,561	$	1,150	$	4,353	$	3,489
Finance lease cost
Amortization of right-of-use (“ROU”) asset	20		31		61		119
Interest expense	3		5		11		17
Short-term lease cost	408		24		809		89
Variable lease cost	373		306		1,305		1,026
Sublease income	(87)		(259)		(619)		(795)
Total lease cost	$	2,278	$	1,257	$	5,920	$	3,945

The following table presents supplemental cash flow information related to leases:

(in thousands)	For the Nine Months Ended September 30,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows paid for operating leases	$	3,315	$	3,642
Operating cash flows paid for interest portion of finance leases	11		16
Financing cash flows paid for principal portion of finance leases	67		125
Right-of-use assets obtained in exchange for lease obligations
Operating leases	17,838		—

Schedule of Supplemental Balance Sheet Information

The following table presents supplemental balance sheet information related to leases:

(in thousands)	September 30, 2023		December 31, 2022
Operating lease ROU assets, net 1	$	27,836	$	13,282
Operating lease liabilities, current	3,674		2,894
Operating lease liabilities, non-current	25,899		10,971
Total operating lease liabilities	$	29,573	$	13,865
Finance lease ROU assets, net 1	$	164	$	225
Finance lease liabilities, current	80		90
Finance lease liabilities, non-current	113		170
Total finance lease liabilities	$	193	$	260

1.Included in Other noncurrent assets for operating leases and Property, plant and equipment, net for finance leases on the Consolidated Balance Sheets.

Schedule of Maturity Analysis of Operating Lease Liabilities

The following table presents maturity analysis of lease liabilities as of September 30, 2023:

(in thousands)	Operating Leases		Finance Leases
Three months ending December 31, 2023	$	1,404	$	26
Year ending December 31, 2024	5,883		84
Year ending December 31, 2025	6,067		81
Year ending December 31, 2026	5,842		17
Year ending December 31, 2027	5,950		—
Year ending December 31, 2028	4,972		—
Thereafter	7,534		—
Total undiscounted lease payments	37,652		208
Less: imputed interest	8,079		15
Total lease liabilities	$	29,573	$	193

Schedule of Maturity Analysis of Financing Lease Liabilities

The following table presents maturity analysis of lease liabilities as of September 30, 2023:

(in thousands)	Operating Leases		Finance Leases
Three months ending December 31, 2023	$	1,404	$	26
Year ending December 31, 2024	5,883		84
Year ending December 31, 2025	6,067		81
Year ending December 31, 2026	5,842		17
Year ending December 31, 2027	5,950		—
Year ending December 31, 2028	4,972		—
Thereafter	7,534		—
Total undiscounted lease payments	37,652		208
Less: imputed interest	8,079		15
Total lease liabilities	$	29,573	$	193