Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Operating and Finance Lease Assets and Liabilities

Operating and finance lease assets and liabilities are as follows:

(in thousands)	Classification	December 31, 2024		December 31, 2023
Assets
Operating	Other long-term assets	$	36,083	$	45,325
Finance	Property, plant and equipment, net	1,564		1,438
Total leased assets		$	37,647	$	46,763
Liabilities
Current
Operating	Accrued expenses and other liabilities	$	1,867	$	1,904
Finance	Current portion of long-term debt and other borrowings	974		823
Noncurrent
Operating	Other long-term liabilities	53,185		54,453
Finance	Long-term debt, net and other borrowings	671		625
Total leased liabilities		$	56,697	$	57,805

Schedule of Components of Lease Expense and Other Information

The components of lease expense were as follows:

 

(in thousands)	Year Ended December 31, 2024		Year Ended December 31, 2023
Operating lease expense	$	6,391	$	4,627
Finance lease expense
Amortization of ROU assets	$	962	795
Interest on lease liabilities	96		81
Total lease expense	$	7,449	$	5,503

Other information related to leases were as follows:

	December 31, 2024		December 31, 2023
Weighted-average remaining lease term (Years):
Operating leases	13.1		13.5
Finance leases	1.9		2.3
Weighted-average discount rate:
Operating leases	7.5%		7.3%
Finance leases	6.0%		6.2%
(in thousands)	Year Ended December 31, 2024		Year Ended December 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,540	$	3,462
Operating cash flows from finance leases	96		81
Financing cash flows from finance leases	318		504
ROU assets obtained in exchange for lease obligations:
Operating leases	63		29,396
Finance leases	$	1,564	$	1,437

Schedule of Future Minimum Lease Payments Under Operating Leases

Future minimum lease payments under non-cancellable leases as of December 31, 2024 were as follows:

(in thousands)	Operating Leases		Finance Leases
2025	$	5,368	$	1,045
2026	6,341		529
2027	7,147		170
2028	7,332		37
2029	7,523		—
Thereafter	61,193		—
Total future minimum lease payments	94,904		1,781
Less: interest	39,852		136
Total	$	55,052	$	1,645

Schedule of Future Minimum Lease Payments Under Finance Leases

Future minimum lease payments under non-cancellable leases as of December 31, 2024 were as follows:

(in thousands)	Operating Leases		Finance Leases
2025	$	5,368	$	1,045
2026	6,341		529
2027	7,147		170
2028	7,332		37
2029	7,523		—
Thereafter	61,193		—
Total future minimum lease payments	94,904		1,781
Less: interest	39,852		136
Total	$	55,052	$	1,645