Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2023

Lease Commitments [Abstract]

Components of Lease Expense

The components of lease expense consist of the following:

	For the year ended December 31,
	2023		2022		2021
Operating lease cost
Cost of sales	$	507	$	940	$	907
Selling, general and administrative		1,991		1,622		1,907
Variable lease cost (1)		1,183		765		1,182
Short-term lease cost		24		37		48
Sublease income		–		–		(60	)
Total	$	3,705	$	3,364	$	3,984

(1) Variable lease cost includes elements of a contract that do not represent a good or service but for which the lessee is responsible for paying.

	For the year ended December 31,
	2023		2022		2021
Financing lease cost
Selling, general and administrative	$	1,164	$	1,138	$	1,094
Total	$	1,164	$	1,138	$	1,094

Amounts Related to Operating and Financing Leases

The Company's lease balances consist of the following:

	December 31,		December 31,
	2023		2022
Assets:
Right of use assets - Operating	$	8,950	$	10,967
Right of use assets -  Financing		2,530		1,498
Total lease assets	$	11,480	$	12,465
Liabilities:
Current lease liabilities - Operating (2)	$	1,991	$	2,007
Current lease liabilities - Financing (2)		687		1,095
Long-term lease liabilities - Operating		8,374		10,243
Long-term lease liabilities - Financing		1,576		350
Total lease liabilities	$	12,628	$	13,695

(2) Reported within accrued liabilities on the balance sheet

Other information related to the Company's leases consists of the following:

	December 31,		December 31,
	2023		2022
Right of use assets obtained in exchange for lease obligations:
Operating leases	$	143	$	–
Finance leases	$	2,169	$	494

	As of December 31,
	2023			2022
Weighted-average remaining lease term - operating leases	5.7 years			6.5 years
Weighted-average discount rate - operating leases		5.17	%		5.19	%
Weighted-average remaining lease term - financing leases	3.4 years			1.8 years
Weighted-average discount rate - financing leases		6.48	%		3.42	%

Future Minimum Rental Payments for Non-Cancelable Leases

The following table illustrates the Company's future minimum rental payments for non-cancelable leases as of December 31, 2023:

Year	Operating		Finance
2024	$	2,471	$	813
2025		2,174		741
2026		2,084		644
2027		2,035		327
2028		1,046		–
Years thereafter		2,263		–
Total lease payments		12,073		2,525
Less: Imputed interest		1,708		262
Present value of lease liabilities	$	10,365	$	2,263