Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Schedule of Lease Expense, Cash Flow, Operating and Finance Lease Assets and Liabilities, Average Lease Term and Average Discount Rate

Lease expense and cash flow for the three and nine months ended September 30, 2023 and September 30, 2022 and operating and finance lease assets and liabilities, average lease term and average discount rate as of September 30, 2023 and December 31, 2022 are as follows:

	Three Months Ended				Nine Months Ended
	September 30, 2023		September 30, 2022		September 30, 2023			September 30, 2022
(Dollars in thousands)
Lease Expense
Finance lease expense:
Amortization of right-of-use assets	$	153	$	258	$	649		$	831
Interest on lease liabilities		7		15		38			44
Operating lease expense		658		634		2,019			1,979
Total lease expense	$	818	$	907	$	2,706		$	2,854
Cash Flow Components
Cash paid for amounts included in the measurement of lease       liabilities:
Operating cash outflows from finance leases	$	7	$	15	$	38		$	44
Operating cash outflows from operating leases		656		641		2,059			2,110
Financing cash outflows from finance leases		29		258		580			805
Right-of-use assets obtained in exchange for finance lease       liabilities, net of terminations and disposals		93		519		631			854
Right-of-use assets obtained in exchange for operating lease      liabilities, net of terminations and disposals		1,725		45		2,376			277
					September 30, 2023			December 31, 2022
(Dollars in thousands, except lease term and discount rate)
Balance Sheet Information
Operating leases:
Other noncurrent assets					$	8,918		$	8,325
Accrued liabilities					$	(2,629	)	$	(2,137	)
Other noncurrent liabilities						(6,296	)		(6,516	)
Total operating lease liabilities					$	(8,925	)	$	(8,653	)
Finance leases:
Property, plant and equipment gross					$	2,534		$	7,899
Accumulated depreciation						(1,012	)		(5,684	)
Property, plant and equipment, net					$	1,522		$	2,215
Current portion of long-term debt					$	(543	)	$	(1,053	)
Long-term debt (less current portion)						(663	)		(1,673	)
Total finance lease liabilities					$	(1,206	)	$	(2,726	)
Lease Term and Discount Rates
Weighted-average remaining lease term - finance leases (years)						2.2			3.2
Weighted-average remaining lease term - operating leases (years)						3.5			4.2
Weighted-average discount rate - finance leases						2.4	%		2.7	%
Weighted-average discount rate - operating leases						4.5	%		3.6	%

Schedule of Future Minimum Rental Payments Under Finance and Operating Leases

Future minimum payments under our leases as of September 30, 2023 are as follows:

	Amount
(Dollars in thousands)
Lease Maturities	Finance Leases			Operating Leases
Three remaining months of 2023	$	543		$	898
2024		373			2,762
2025		239			2,537
2026		57			2,396
2027		16			1,000
Thereafter		8			-
Total		1,236			9,593
Less: Imputed interest		(30	)		(668	)
Total lease liabilities, net of interest	$	1,206		$	8,925