Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of Balances Included in Condensed Consolidated Statement of Financial Position (Unaudited) Related to Leases

Amounts included in the Condensed Consolidated Statements of Financial Position (Unaudited) related to leases include:

		September 30,		December 31,
	Classification	2024		2023
Assets:
Operating lease assets	Right of use asset - operating leases	$	30,550	$	27,989
Finance lease assets	Property, plant and equipment, net		8,112		8,668
Total lease assets		$	38,662	$	36,657
Liabilities:
Current	Operating lease liability - short-term	$	6,422	$	5,943
Long-term	Operating lease liability - long-term		23,738		22,352
Total operating lease liabilities			30,160		28,295
Current	Finance lease liability - short-term		615		593
Long-term	Finance lease liability - long-term		8,151		8,615
Total finance lease liabilities			8,766		9,208
Total lease liabilities		$	38,926	$	37,503

Schedule of Lease Expense

The components of lease expense include:

		For the Quarter Ended September 30,				For the Nine Months Ended September 30,
Lease Cost	Classification	2024		2023		2024		2023
Operating lease cost (1) (2)	Cost of sales	$	1,713	$	1,493	$	7,062	$	4,664
Operating lease cost (1)	Selling, general and administrative expenses		1,001		856		2,932		2,493
Finance lease cost
Amortization expense	Cost of sales		185		190		556		535
Interest expense on lease liabilities	Interest expense, net		82		89		247		251
Total lease cost		$	2,981	$	2,628	$	10,797	$	7,943

(1)Includes short-term leases and variable lease costs, which are immaterial

(2)Operating lease costs included in Cost of sales for the nine months ended September 30, 2024, includes a $1.8 million termination charge related to exiting an idled lease facility, as described in Note 4

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

	For the Nine Months Ended September 30,
Supplemental Cash Flow Information	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,117	$	5,649
Operating cash flows from finance leases	$	247	$	251
Financing cash flows from finance leases	$	442	$	403
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	5,218	$	3,756
Finance leases	$	—	$	313

Lease Term and Discount Rate	September 30, 2024			December 31, 2023
Weighted-average remaining lease term (years):
Operating leases		5.02			5.67
Finance leases		11.25			11.99
Weighted-average discount rate:
Operating leases		6.1	%		4.7	%
Finance leases		3.7	%		3.7	%

Maturity of Operating and Finance Lease Liabilities

Maturity of Lease Liabilities - As of September 30, 2024	Operating Leases			Finance Leases			Total
2024(1)	$	1,992		$	231		$	2,223
2025		7,971			924			8,895
2026		7,428			924			8,352
2027		6,592			945			7,537
2028		4,510			950			5,460
After 2028		6,025			6,708			12,733
Total lease payments		34,518			10,682			45,200
Less: interest		(4,358	)		(1,916	)		(6,274	)
Present value of lease liabilities	$	30,160		$	8,766		$	38,926

(1)Represents amounts due in 2024 after September 30, 2024