Lease Commitments

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Lease Commitments

7. LEASE COMMITMENTS

The Company enters into leases in the normal course of business. The Company leases its administration and operations facility and 18 solutions centers under lease agreements with remaining terms ranging from less than one year to 15 years. Certain leases include renewal options to extend for up to seventeen years.

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

(In Thousands)	December 31, 2024		December 31, 2023
Right-of-Use Asset
Operating leases	$	14,039	$	14,527
Finance leases		874		970
Total Right-of-Use Asset	$	14,913	$	15,497
Lease Liabilities
Operating leases	$	14,412	$	15,006
Finance leases		1,254		1,355
Total lease liabilities	$	15,666	$	16,361

The amounts included above are not inclusive of right-of-use asset and lease liabilities reclassified as held for sale as of December 31, 2024 and 2023. At December 31, 2024 and 2023, right-of-use assets included within assets held for sale were $231 and $101, respectively. At December 31, 2024 and 2023, lease liabilities included within liabilities held for sale were $223 and $103, respectively.

The components of total lease cost were as follows.

(In Thousands)	December 31, 2024		December 31, 2023
Finance lease cost
Right-of-Use amortization	$	88		7
Interest expense		34		3
Operating lease cost		2,334		1,358
Total lease cost	$	2,456	$	1,368

The following table presents information associated with our obligations under leases for the years ended December 31, 2024 and 2023:

	2024			2023
Finance lease weighted-average remaining term (years)		9.92			10.92
Finance lease weighted-average discount rate		2.59	%		2.59	%
Operating lease weighted-average remaining term (years)		9.01			9.72
Operating lease weighted-average discount rate		4.74	%		4.15	%

The following table presents the undiscounted cash flows due related to operating and finance leases as of December 31, 2024:

(In Thousands)	Operating Leases			Finance Leases
2025	$	2,053		$	138
2026		2,026			138
2027		1,982			138
2028		1,841			138
2029 and thereafter		10,100			886
Total Undiscounted Cash Flows	$	18,002		$	1,438
Discount on Cash Flows		(3,590	)		(184	)
Total lease liabilities	$	14,412		$	1,254