Sale-Leasebacks of Real Estate (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Outstanding Sale-Leaseback Financing Obligations

The Company has a series of leases accounted for as failed sale-leaseback financing obligations associated with long-lived real estate assets. These obligations were assumed in conjunction with the Company’s acquisition of Agro Merchants Group (“Agro”) in December of 2020 and are further detailed in the table below as of December 31, 2024 and 2023.

	December 31, 2024				December 31, 2023
	Maturity	Interest Rate	Balance		Maturity	Interest Rate	Balance
	(In thousands, except percentages)
1 warehouse – 2010	7/2030	10.34%	$	15,872	7/2030	10.34%	$	16,912
11 warehouses – 2007	—	—	—		9/2027	7.00% - 19.59%	78,735
3 facilities - 2007 (Agro)	7/2031	10%	58,359		7/2031	10%	60,987
1 facility - 2013 (Agro)	12/2033	10%	4,770		12/2033	10%	5,303
Total sale-leaseback financing obligations			$	79,001			$	161,937

As of December 31, 2024, future minimum lease payments, inclusive of certain obligations to be settled with the residual value of related long-lived assets upon expiration of the lease agreement, of the sale-leaseback financing obligations are as follows:

Years Ending December 31:	(In thousands)
2025	$	12,259
2026	12,325
2027	13,059
2028	13,261
2029	13,421
Thereafter	54,133
Total minimum payments	118,458
Interest portion	(39,457)
Present value of net minimum payments	$	79,001