Related Parties (Tables)

6 Months Ended

Jun. 30, 2024

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

The following is a summary of transactions and balances with related parties:

	Three Months Ended				Six Months Ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
	(in thousands)
Sales to affiliates	$	1,625	$	2,619	$	3,821	$	3,764
Payments to affiliates	505		390		1,120		782
					June 30, 2024		December 31, 2023
					(in thousands)
Due from affiliates					$	380	$	994
Due to affiliates					—		145

The nature of our related party transactions is as follows:

•The Company sells units to an entity owned by a member of the CEO's immediate family. This entity is also one of the Company’s Representatives and as such, the Company makes payments to the entity for third party products.

•The Company purchases some supplies from entities controlled by two of the Company’s board members and a member of the Company's executive management team.

•The Company periodically makes part sales and makes payments to a board member related to a consulting agreement.

•The Company periodically rents space partially owned by the CEO for various Company meetings.

•The Company leases flight time of an aircraft partially owned by our COO and Vice President.