XML 53 R32.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Components of Lease Costs

The components of the lease costs for the years ended December 31, 2024 and 2023 (in thousands):

 

 

 

Year ended December 31,

 

 

 

2024

 

 

2023

 

Operating lease costs

 

$

9,967

 

 

$

9,919

 

Financing lease costs:

 

 

 

 

 

 

Amortization of right-to-use assets, financing
   leases

 

 

1,424

 

 

 

1,483

 

Interest expense for financing lease liabilities

 

 

206

 

 

 

181

 

Variable lease costs

 

 

5,086

 

 

 

949

 

Total lease costs

 

$

16,683

 

 

$

12,532

 

Supplemental Cash Flow Information Relating to Leases

Supplemental cash flow information relating to the Company’s leases for the years ended December 31, 2024 and 2023 were as follows (in thousands):

 

 

 

Year ended December 31,

 

 

 

2024

 

 

2023

 

Cash paid for amounts included in the measurement
   of lease liabilities:

 

 

 

 

 

 

Operating cash flows used in operating leases

 

$

9,524

 

 

$

2,659

 

Operating cash flows used in finance leases

 

$

1,351

 

 

$

1,363

 

Financing cash flows used in finance leases

 

$

206

 

 

$

181

 

Summary of Weighted Average Remaining Lease Terms and Discount Rates

Weighted average remaining lease terms and discount rates as of December 31, 2024 and 2023 were as follows:

 

 

 

Year ended December 31,

 

 

 

2024

 

 

2023

 

Remaining lease term:

 

 

 

 

 

 

Operating lease

 

9.5 years

 

 

10.4 years

 

Financing lease

 

2.8 years

 

 

2.4 Years

 

Discount Rate:

 

 

 

 

 

 

Operating lease

 

 

8.7

%

 

 

8.8

%

Financing lease

 

 

8.7

%

 

 

8.2

%

Summary of Undiscounted Future Lease Payments for Operating and Finance Leases

The undiscounted future lease payments for operating and finance leases as of December 31, 2024, were as follows (in thousands):

 

Fiscal Year

 

Operating
Leases

 

 

Financing
Leases

 

2025

 

$

12,074

 

 

$

1,579

 

2026

 

 

12,436

 

 

 

1,496

 

2027

 

 

12,809

 

 

 

790

 

2028

 

 

13,193

 

 

 

287

 

2029

 

 

13,589

 

 

 

72

 

Thereafter

 

 

60,835

 

 

 

 

Total minimum lease payments

 

$

124,936

 

 

$

4,224

 

Less amounts representing interest or imputed interest

 

 

(40,919

)

 

 

(480

)

Present value of lease liabilities

 

$

84,017

 

 

$

3,744