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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Lease Expense, Cash Flow, Operating and Finance Lease Assets and Liabilities, Average Lease Term and Average Discount Rate

Lease expense, cash flow, operating and finance lease assets and liabilities, average lease term and average discount rate are as follows:

 

Year Ended December 31,

 

2022

 

 

2021

 

(Dollars in thousands)

 

 

 

 

 

 

Lease Expense

 

 

 

 

 

 

Finance lease expense:

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

1,040

 

 

$

1,325

 

Interest on lease liabilities

 

 

59

 

 

 

82

 

Operating lease expense

 

 

2,601

 

 

 

3,070

 

Total lease expense

 

$

3,700

 

 

$

4,477

 

 

 

 

 

 

 

 

Cash Flow Components

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash outflows from finance leases

 

$

59

 

 

$

82

 

Operating cash outflows from operating leases

 

 

2,738

 

 

 

3,460

 

Financing cash outflows from finance leases

 

 

1,062

 

 

 

1,321

 

Right-of-use assets obtained in exchange for finance lease liabilities,
     net of terminations and disposals

 

 

1,249

 

 

 

922

 

Right-of-use assets obtained in exchange for operating lease liabilities,
     net of terminations and disposals

 

 

333

 

 

 

416

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2022

 

 

2021

 

(Dollars in thousands, except lease term and discount rate)

 

 

 

 

 

 

Balance Sheet Information

 

 

 

 

 

 

Operating leases:

 

 

 

 

 

 

Other noncurrent assets

 

$

8,325

 

 

$

10,772

 

Accrued liabilities

 

$

(2,137

)

 

$

(2,371

)

Other noncurrent liabilities

 

 

(6,516

)

 

 

(8,860

)

Total operating lease liabilities

 

$

(8,653

)

 

$

(11,231

)

 

 

 

 

 

 

 

Finance leases:

 

 

 

 

 

 

Property, plant and equipment gross

 

$

7,899

 

 

$

6,603

 

Accumulated depreciation

 

 

(5,684

)

 

 

(4,644

)

Property, plant and equipment, net

 

$

2,215

 

 

$

1,959

 

Current portion of long-term debt

 

$

(1,053

)

 

$

(982

)

Long-term debt (less current portion)

 

 

(1,673

)

 

 

(1,629

)

Total finance lease liabilities

 

$

(2,726

)

 

$

(2,611

)

 

 

 

 

 

 

 

Lease Term and Discount Rates

 

 

 

 

 

 

Weighted-average remaining lease term - finance leases (years)

 

 

3.2

 

 

 

3.4

 

Weighted-average remaining lease term - operating leases (years)

 

 

4.2

 

 

 

5.0

 

Weighted-average discount rate - finance leases

 

 

2.7

%

 

 

2.8

%

Weighted-average discount rate - operating leases

 

 

3.6

%

 

 

3.6

%

Schedule of Future Minimum Rental Payments Under Finance and Operating Leases

Summarized future minimum payments under our leases are as follows:

 

Year Ended December 31,

 

Amount

 

(Dollars in thousands)

 

 

 

 

 

 

Lease Maturities

 

Finance Leases

 

 

Operating Leases

 

2023

 

$

1,053

 

 

$

2,250

 

2024

 

 

993

 

 

 

2,199

 

2025

 

 

411

 

 

 

2,044

 

2026

 

 

167

 

 

 

1,886

 

2027

 

 

104

 

 

 

870

 

Thereafter

 

 

101

 

 

 

43

 

Total

 

 

2,829

 

 

 

9,292

 

Less: Imputed interest

 

 

(103

)

 

 

(639

)

Total lease liabilities, net of interest

 

$

2,726

 

 

$

8,653