Lease Obligations (Tables)

6 Months Ended

Jun. 30, 2024

Lease expense under operating and finance leases was as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Operating lease expense	$	582	$	460	$	1,172	$	893
Finance lease expense:
Amortization of right-of-use assets	$	416	$	267	$	823	$	523
Interest on lease liabilities	73		37		150		75
Total finance lease expense	$	489	$	304	$	973	$	598

Supplemental cash flow information related to leases was as follows (in thousands):


	Six Months Ended June 30,
	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	150	$	576
Operating cash flows for operating leases	$	1,084	$	874
Financing cash flows for finance leases	$	792	$	—

Operating lease assets obtained in exchange for operating lease liabilities:	$	156	$	350
Finance lease assets obtained in exchange for finance lease liabilities:	$	155	$	610
Non-cash increase to operating lease assets due to remeasurement of operating lease liabilities:	$	365	$	—

Other supplemental information related to leases was as follows:


	June 30, 2024		December 31, 2023
Weighted average remaining lease term:
Operating leases	9.4 years		9.7 years
Finance leases	2.6 years		3.0 years
Weighted average discount rate:
Operating leases	10.90	%	10.88	%
Finance leases	7.70	%	7.46	%

The following table summarizes the presentation in the Condensed Consolidated Balance Sheets of the Company’s operating leases (in thousands):


	Balance Sheet Location	June 30, 2024		December 31, 2023
Operating lease assets:
Operating lease assets, net	Other Assets	$	8,535	$	8,682
Operating lease liabilities:
Current operating lease liabilities	Operating lease liabilities – current liabilities	$	1,026	$	1,058
Non-current operating lease liabilities	Operating lease liabilities – long-term liabilities	8,362		8,390
Total operating lease liabilities		$	9,388	$	9,448

The following table summarizes the presentation in the Condensed Consolidated Balance Sheets of the Company’s finance leases (in thousands):


	Balance Sheet Location	June 30, 2024		December 31, 2023
Finance lease assets:
Finance lease assets, net	Other Assets	$	3,653	$	4,322
Finance lease liabilities:
Current finance lease liabilities	Finance lease liabilities – current liabilities	$	1,681	$	1,590
Non-current finance lease liabilities	Finance lease liabilities – long-term liabilities	2,117		2,845
Total finance lease liabilities		$	3,798	$	4,435

Maturities of lease liabilities as of June 30, 2024 are as follows (in thousands):