LEASES (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Assets and Liabilities

The following table presents assets and liabilities for leases as of December 31, 2024 and 2023 (in thousands):

	2024		2023
Assets
Operating lease right-of-use assets	$	17,298	$	16,339
Finance lease right-of-use assets	6,173		6,064
Total lease assets	$	23,471	$	22,403
Liabilities
Operating lease liabilities:
Current (included in accrued expenses and other current liabilities)	$	2,677	$	2,146
Non-current	15,540		14,908
Total operating lease liabilities	18,217		17,054
Finance lease liabilities:
Current (included in accrued expenses and other current liabilities)	732		600
Non-current	6,013		5,547
Total finance lease liabilities	6,745		6,147
Total lease liabilities	$	24,962	$	23,201

Schedule of Lease Cost

Lease cost for the years ended December 31, 2024 and 2023 are as follows (in thousands):

	2024		2023
Operating lease cost (1)	$	3,463	$	4,396
Finance lease cost:
Amortization of right-of-use assets	1,080		562
Interest on lease liabilities	527		290
Total lease cost	$	5,070	$	5,248
Reported in:
Cost of goods sold	$	4,484	$	4,777
Selling, general and administrative expense	586		471
Total lease cost	$	5,070	$	5,248

(1)Operating lease cost does not include short-term leases or variable costs, all of which are immaterial.

Supplemental cash flow information related to leases for the years ended December 31, 2024 and 2023 are as follows (in thousands):

	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	3,278	$	4,182
Operating cash flows for finance leases	501		282
Financing cash flows for finance leases	740		387
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	3,479	$	4,492
Finance leases	884		6,381
Net change in operating right-of-use assets due to lease modifications resulting in reclassification of leases from operating to finance	$	(34)	$	(1,514)

Schedule of Future Minimum Payment Obligations for Non-Cancelable Operating Leases

As of December 31, 2024, the estimated future minimum payment obligations for non-cancelable operating leases and finance leases are as follows (in thousands):

Years Ending December 31,	Operating Leases		Finance Leases
2025	$	3,669	$	1,215
2026	3,320		1,105
2027	3,157		979
2028	2,477		1,632
2029	2,471		952
Thereafter	8,648		3,291
Total lease payments	23,742		9,174
Less: imputed interest	(5,525)		(2,429)
Present value of lease liabilities	$	18,217	$	6,745