Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information Related Leases

The following tables provide supplemental balance sheet information related to our leases as of December 31:

(in thousands)	Classification	2024		2023
Assets
Operating lease assets	Other long-term assets	$	10,167	$	10,169
Finance lease assets1	Property, plant and equipment, net		12,266		11,281
Total lease assets		$	22,433	$	21,450
Liabilities
Current
Operating lease liabilities	Accounts payable and accrued liabilities	$	3,027	$	2,575
Finance lease liabilities	Accounts payable and accrued liabilities		5,257		4,525
Noncurrent
Operating lease liabilities	Other long-term obligations		7,030		7,590
Finance lease liabilities	Other long-term obligations		6,959		6,699
Total lease liabilities		$	22,273	$	21,389

1. Finance lease assets are presented net of accumulated amortization of $12.6 million and $9.6 million as of December 31, 2024 and 2023, respectively.

Schedule of Weighted Average Remaining Term and Discount Rates

	2024			2023
Weighted-average remaining terms (years)
Operating leases		4.23			4.97
Finance leases		2.77			2.92
Weighted-average discount rate
Operating leases		5.31	%		5.05	%
Finance leases		5.17	%		4.34	%

Schedule of Components of Lease Expense

The following table summarizes the components of our lease expense for the year ended December 31:

(in thousands)	2024		2023		2022
Operating lease costs1	$	3,485	$	3,257	$	3,525
Finance lease costs:
Amortization of leased assets		5,528		4,951		4,277
Interest on lease assets		584		458		340
Net lease costs	$	9,597	$	8,666	$	8,142

1. Excludes short-term leases and variable lease costs, which are immaterial.

Schedule of Supplemental Cash Flow Information Related Leases

The following table presents supplemental cash flow information related to leases for the year ended December 31:

(in thousands)	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	3,623	$	3,257	$	3,591
Operating cash flows for finance leases	$	584	$	458	$	340
Financing cash flows for finance leases	$	5,538	$	4,801	$	4,421
Lease assets exchanged for new lease liabilities:
Operating leases	$	3,013	$	3,765	$	3,932
Finance leases	$	6,541	$	3,458	$	6,819

Schedule of Maturities of Operating and Finance Lease Liabilities

At December 31, 2024, the future minimum lease payment obligations under noncancelable leases were as follows:

(in thousands)	Operating Leases		Finance Leases
2025	$	3,486	$	5,761
2026		3,266		4,323
2027		2,071		2,019
2028		1,419		698
2029		284		283
Thereafter		663		39
Total lease payments		11,189		13,123
Less: interest		1,132		907
Present value of lease liabilities	$	10,057	$	12,216