Leases (Tables)

3 Months Ended

Mar. 31, 2024

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 months ended March 31, 2024 and March 31, 2023 and operating and finance lease assets and liabilities, average lease term and average discount rate as of March 31, 2024 and December 31, 2023 are as follows:

	Three Months Ended
	March 31, 2024			March 31, 2023
(Dollars in thousands)
Lease Expense
Finance lease expense:
Amortization of right-of-use assets	$	135		$	245
Interest on lease liabilities		6			16
Operating lease expense		827			623
Total lease expense	$	968		$	884
Cash Flow Components
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from finance leases	$	6		$	16
Operating cash outflows from operating leases		853			636
Financing cash outflows from finance leases		150			288
Right-of-use assets obtained in exchange for finance lease liabilities,      net of terminations and disposals		7			396
Right-of-use assets obtained in exchange for operating lease liabilities,      net of terminations and disposals		15			—
	March 31, 2024			December 31, 2023
(Dollars in thousands, except lease term and discount rate)
Balance Sheet Information
Operating leases:
Other noncurrent assets	$	9,176		$	10,003
Accrued liabilities	$	(2,920	)	$	(2,987	)
Other noncurrent liabilities		(6,221	)		(7,000	)
Total operating lease liabilities	$	(9,141	)	$	(9,987	)
Finance leases:
Property, plant and equipment gross	$	2,308		$	2,301
Accumulated depreciation		(1,017	)		(882	)
Property, plant and equipment, net	$	1,291		$	1,419
Current portion of long-term debt	$	(504	)	$	(538	)
Long-term debt (less current portion)		(433	)		(586	)
Total finance lease liabilities	$	(937	)	$	(1,124	)
Lease Term and Discount Rates
Weighted-average remaining lease term - finance leases (years)		1.9			2.0
Weighted-average remaining lease term - operating leases (years)		3.1			3.3
Weighted-average discount rate - finance leases		2.4	%		2.4	%
Weighted-average discount rate - operating leases		5.0	%		5.0	%

Schedule of Future Minimum Rental Payments Under Finance and Operating Leases

Future minimum payments under our leases as of March 31, 2024 are as follows:

	Amount
(Dollars in thousands)
Lease Maturities	Finance Leases			Operating Leases
Nine remaining months of 2024	$	504		$	2,575
2025		357			3,048
2026		74			2,902
2027		16			1,299
2028		8			-
Total		959			9,824
Less: Imputed interest		(22	)		(683	)
Total lease liabilities, net of interest	$	937		$	9,141