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Leases (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Right-of-Use Assets and the Corresponding Lease Liabilities Information regarding the Company's right-of-use assets and the corresponding lease liabilities are as follows:

 

 

June 30,
2024

 

 

December 31,
2023

 

(In thousands)

 

 

 

 

 

 

Right-of-use assets

 

$

6,478

 

 

$

5,522

 

Lease liabilities

 

 

6,673

 

 

 

5,758

 

Schedule of Rent Expenses The Company's rent expense is as follows:

 

Three months ended

 

 

Six months ended

 

 

June 30,

 

 

June 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating lease expense

$

898

 

 

$

867

 

 

$

1,756

 

 

$

1,700

 

Variable and short-term lease expense

 

28

 

 

 

31

 

 

 

103

 

 

 

76

 

Rent expense

$

926

 

 

$

898

 

 

$

1,859

 

 

$

1,776

 

Schedule of Future Minimum Lease Payments to be Paid under Operating Leases The future minimum lease payments to be paid under operating leases are as follows:

 

 

June 30,
2024

 

(In thousands)

 

 

 

2024 (remaining six months)

 

$

1,436

 

2025

 

 

2,298

 

2026

 

 

1,153

 

2027

 

 

475

 

2028

 

 

370

 

Thereafter

 

 

2,194

 

Total future lease payments

 

 

7,926

 

Present value adjustment

 

 

(1,253

)

Present value of future lease payments

 

$

6,673