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Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Right-of-Use Assets and the Corresponding Lease Liabilities

 

 

September 30,
2024

 

 

December 31,
2023

 

(In thousands)

 

 

 

 

 

 

Right-of-use assets

 

$

6,392

 

 

$

5,522

 

Lease liabilities

 

 

6,564

 

 

 

5,758

 

 

Schedule of Rent Expenses

 

Three months ended

 

 

Nine months ended

 

 

September 30,

 

 

September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating lease expense

$

920

 

 

$

852

 

 

$

2,676

 

 

$

2,552

 

Variable and short-term lease expense

 

151

 

 

 

41

 

 

 

254

 

 

 

117

 

Rent expense

$

1,071

 

 

$

893

 

 

$

2,930

 

 

$

2,669

 

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:

 

 

September 30,
2024

 

(In thousands)

 

 

 

2024 (remaining three months)

 

$

734

 

2025

 

 

2,386

 

2026

 

 

1,227

 

2027

 

 

542

 

2028

 

 

433

 

Thereafter

 

 

2,575

 

Total future lease payments

 

 

7,897

 

Present value adjustment

 

 

(1,333

)

Present value of future lease payments

 

$

6,564