Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Summary of Right-of-Use Assets and Lease Liabilities

Right-of-use assets and lease liabilities by lease type are as follows:

(In Thousands)	December 31, 2023		December 31, 2022
Right-of-Use Asset
Operating leases	$	14,628	$	10,219
Finance leases		970		-
Total Right-of-Use Asset	$	15,598	$	10,219
Lease Liabilities
Operating leases	$	15,109	$	10,219
Finance leases		1,355		-
Total lease liabilities	$	16,464	$	10,219

Summary of Total Lease Cost

The components of total lease cost were as follows.

(In Thousands)	December 31, 2023		December 31, 2022
Finance lease cost
Right-of-Use amortization	$	7	$	-
Interest expense		3		-
Operating lease cost		1,358		805
Total lease cost	$	1,368	$	805

Summary of Information Associated with Obligations Under Leases

The following table presents information associated with our obligations under leases for the years ended December 31, 2023 and 2022:

	2023			2022
Finance lease weighted-average remaining term (years)		10.92			-
Finance lease weighted-average discount rate		2.59	%		-
Operating lease weighted-average remaining term (years)		9.72			11.0
Operating lease weighted-average discount rate		4.15	%		5.1	%

Summary of Lessee, Operating and Finance Lease, Liability, Maturity

The following table presents the undiscounted cash flows due related to operating and finance leases as of December 31, 2023:

(In Thousands)	Operating Leases			Finance Leases
2024	$	2,073		$	127
2025		1,968			138
2026		1,873			138
2027		1,829			138
2028 and thereafter		10,876			1,023
Total Undiscounted Cash Flows	$	18,619		$	1,564
Discount on Cash Flows		(3,510	)		(209	)
Total lease liabilities	$	15,109		$	1,355