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Leases (Tables)

6 Months Ended

Jun. 30, 2025

Leases [Abstract]

Schedule of Operating and Finance Lease Right-Of-Use ("ROU") Assets and Liabilities

The Company's operating and finance lease right-of-use ("ROU") assets and liabilities as of June 30, 2025 and December 31, 2024 consisted of the following items:

						As of
(in thousands)						June 30, 2025						December 31, 2024
Operating Leases
Operating lease right-of-use assets, net of accumulated amortization (1)						$	9,516					$	9,312
Operating lease obligations, current						$	2,560					$	2,081
Long-term operating lease obligations						7,186						7,460
Total operating lease obligation						$	9,746					$	9,541
Finance Leases
Finance lease right-of-use assets, net of accumulated amortization (2)						$	455					$	824
Finance lease obligations, current						$	635					$	855
Long-term finance lease obligations						191						414
Total finance lease obligations						$	826					$	1,269

(1) Operating lease ROU assets are reported net of accumulated amortization of $5.6 million and $4.5 million as of June 30, 2025 and December 31, 2024, respectively.

(2) Finance lease ROU assets are reported net of accumulated amortization of $2.6 million and $3.2 million as of June 30, 2025 and December 31, 2024, respectively.

Lease financial information as of and for the three and six months ended June 30, 2025 and 2024 is provided in the following table:

						Three Months Ended June 30,												Six Months Ended June 30,
(in thousands)						2025						2024						2025						2024
Finance lease cost:
Amortization of right-of-use assets						$	101					$	210					$	217					$	420
Interest on lease liabilities						33						48						71						99
Operating lease cost						924						764						1,761						1,675
Short-term lease cost						259						447						533						783
Variable lease cost (1)						77						101						86						209
Total lease cost						$	1,394					$	1,570					$	2,668					$	3,186
Other Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases																		$	71					$	99
Operating cash flows from operating leases																		$	1,162					$	1,043
Financing cash flows from finance leases																		$	264					$	565
Right-of-use assets obtained in exchange for new operating lease liabilities																		$	1,366					$	257
Weighted-average remaining lease term - finance leases																		1.0 years						1.3 years
Weighted-average remaining lease term - operating leases																		6.7 years						7.5 years
Weighted-average discount rate - finance leases																		7.0		%				5.9		%
Weighted-average discount rate - operating leases																		11.7		%				11.8		%

(1) Primarily includes common area maintenance, property taxes and insurance payable to lessors.

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- References

No definition available.

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