XML 36 R20.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
Supplemental balance sheet information related to leases was as follows:
December 31,
(in thousands)20242023
Operating lease assets$2,993 $4,628 
Current operating lease liabilities$1,287 $1,585 
Long-term operating lease liabilities1,633 3,008 
Total operating lease liabilities$2,920 $4,593 
Finance lease assets$692 $960 
Current finance lease liabilities$309 $296 
Long-term finance lease liabilities287 595 
Total finance lease liabilities$596 $891 
Lease expense is recognized on a straight-line basis over the lease term, with variable payments recognized in the period those payments are incurred. The components of lease expense for the periods reported were as follows:
Twelve Months Ended December 31,
(in thousands)20242023
Operating lease cost$1,762 $1,965 
Finance lease cost:
Amortization of right-of-use assets$329 $732 
Interest on lease obligations33 1,055 
Variable lease cost$382 $371 
Total lease cost$2,506 $4,123 
Maturities of operating and finance lease liabilities as of December 31, 2024 were as follows:
(in thousands)Operating LeasesFinance Leases
Year Ending December 31,
2025$1,363 $329 
2026790 292 
2027422 - 
2028373 - 
2029104 - 
After 20292 - 
Total future minimum lease payments3,054 621 
Less interest(134)(25)
Present value of lease liabilities$2,920 $596 
As of December 31, 2024, we have no operating or finance leases that have not yet commenced.
Weighted average remaining lease term and discount rate was as follows:
December 31,
20242023
Weighted Average Remaining Lease Term - operating leases (years)3.03.6
Weighted Average Remaining Lease Term - finance leases (years)1.62.6
Weighted Average Discount Rate - operating leases2.6%2.5%
Weighted Average Discount Rate - finance leases4.4%4.4%
Supplemental cash flow information related to leases was as follows:
Twelve Months Ended December 31,
(in thousands)20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$2,093 $2,288 
Operating cash flows from finance leases$33 $1,055 
Financing cash flows from finance leases$296 $306 
Lease assets obtained in exchange for new operating lease liabilities$— $2,324 
Lease assets obtained in exchange for new financing lease liabilities$— $240 
Leases Leases
Supplemental balance sheet information related to leases was as follows:
December 31,
(in thousands)20242023
Operating lease assets$2,993 $4,628 
Current operating lease liabilities$1,287 $1,585 
Long-term operating lease liabilities1,633 3,008 
Total operating lease liabilities$2,920 $4,593 
Finance lease assets$692 $960 
Current finance lease liabilities$309 $296 
Long-term finance lease liabilities287 595 
Total finance lease liabilities$596 $891 
Lease expense is recognized on a straight-line basis over the lease term, with variable payments recognized in the period those payments are incurred. The components of lease expense for the periods reported were as follows:
Twelve Months Ended December 31,
(in thousands)20242023
Operating lease cost$1,762 $1,965 
Finance lease cost:
Amortization of right-of-use assets$329 $732 
Interest on lease obligations33 1,055 
Variable lease cost$382 $371 
Total lease cost$2,506 $4,123 
Maturities of operating and finance lease liabilities as of December 31, 2024 were as follows:
(in thousands)Operating LeasesFinance Leases
Year Ending December 31,
2025$1,363 $329 
2026790 292 
2027422 - 
2028373 - 
2029104 - 
After 20292 - 
Total future minimum lease payments3,054 621 
Less interest(134)(25)
Present value of lease liabilities$2,920 $596 
As of December 31, 2024, we have no operating or finance leases that have not yet commenced.
Weighted average remaining lease term and discount rate was as follows:
December 31,
20242023
Weighted Average Remaining Lease Term - operating leases (years)3.03.6
Weighted Average Remaining Lease Term - finance leases (years)1.62.6
Weighted Average Discount Rate - operating leases2.6%2.5%
Weighted Average Discount Rate - finance leases4.4%4.4%
Supplemental cash flow information related to leases was as follows:
Twelve Months Ended December 31,
(in thousands)20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$2,093 $2,288 
Operating cash flows from finance leases$33 $1,055 
Financing cash flows from finance leases$296 $306 
Lease assets obtained in exchange for new operating lease liabilities$— $2,324 
Lease assets obtained in exchange for new financing lease liabilities$— $240