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Leases (Tables)
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related Leases Assets and Liabilities

The following table presents supplemental balance sheet information related to lease assets and liabilities:

 

(in thousands)

Classification

 

September 30, 2024

 

 

December 31, 2023

 

Assets

 

 

 

 

 

 

 

Operating lease assets

Other long-term assets

 

$

10,927

 

 

$

10,169

 

Finance lease assets1

Property, plant and equipment, net

 

 

12,436

 

 

 

11,281

 

Total lease assets

 

 

$

23,363

 

 

$

21,450

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

Operating lease liabilities

Accounts payable and accrued liabilities

 

$

3,032

 

 

$

2,575

 

Finance lease liabilities

Accounts payable and accrued liabilities

 

 

5,285

 

 

 

4,525

 

Noncurrent:

 

 

 

 

 

 

 

Operating lease liabilities

Other long-term obligations

 

 

7,727

 

 

 

7,590

 

Finance lease liabilities

Other long-term obligations

 

 

7,069

 

 

 

6,699

 

Total lease liabilities

 

 

$

23,113

 

 

$

21,389

 

 

1

Finance lease assets are presented net of accumulated amortization of $13.6 million and $9.6 million at September 30, 2024 and December 31, 2023, respectively.
Schedule of Components of Lease Expense

The following table presents the components of lease expense:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Operating lease costs1

 

$

893

 

 

$

772

 

 

$

2,593

 

 

$

2,454

 

Finance lease costs:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of leased assets

 

 

1,441

 

 

 

1,206

 

 

 

4,061

 

 

 

3,768

 

Interest expense

 

 

152

 

 

 

115

 

 

 

431

 

 

 

339

 

Net lease costs

 

$

2,486

 

 

$

2,093

 

 

$

7,085

 

 

$

6,561

 

 

1

Excludes short-term leases and variable lease costs, which are immaterial.
Schedule of Supplemental Cash Flow Information Related Leases

The following table presents supplemental cash flow information related to leases:

 

 

 

 

Nine Months Ended September 30,

 

(in thousands)

 

 

2024

 

 

2023

 

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

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

2,757

 

 

$

2,498

 

Operating cash flows for finance leases

 

$

431

 

 

$

339

 

Financing cash flows for finance leases

 

$

4,142

 

 

$

3,662

 

Leased assets exchanged for new lease liabilities:

 

 

 

 

 

 

Operating leases

 

$

2,989

 

 

$

2,407

 

Finance leases

 

$

5,215

 

 

$

2,604