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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Supplemental Balance Sheet Information Related Leases | The following tables provide supplemental balance sheet information related to our leases as of December 31:
(in thousands) | Classification |  | 2024 |  |  | 2023 |
Assets |  |  |  |  |  |  |
Operating lease assets | Other long-term assets |  | $ | 10,167 |  |  | $ | 10,169 |
Finance lease assets 1 | Property, plant and equipment, net |  |  | 12,266 |  |  |  | 11,281 |
Total lease assets |  |  | $ | 22,433 |  |  | $ | 21,450 |
Liabilities |  |  |  |  |  |  |
Current |  |  |  |  |  |  |
Operating lease liabilities | Accounts payable and accrued liabilities |  | $ | 3,027 |  |  | $ | 2,575 |
Finance lease liabilities | Accounts payable and accrued liabilities |  |  | 5,257 |  |  |  | 4,525 |
Noncurrent |  |  |  |  |  |  |
Operating lease liabilities | Other long-term obligations |  |  | 7,030 |  |  |  | 7,590 |
Finance lease liabilities | Other long-term obligations |  |  | 6,959 |  |  |  | 6,699 |
Total lease liabilities |  |  | $ | 22,273 |  |  | $ | 21,389 |
1. | Finance lease assets are presented net of accumulated amortization of $12.6 million and $9.6 million as of December 31, 2024 and 2023, respectively.
Schedule of Weighted Average Remaining Term and Discount Rates |
|  |  | 2024 |  |  | 2023 |
Weighted-average remaining terms (years) |  |  |  |  |  |
Operating leases |  |  |  | 4.23 |  |  |  | 4.97 |
Finance leases |  |  |  | 2.77 |  |  |  | 2.92 |
Weighted-average discount rate |  |  |  |  |  |
Operating leases |  |  |  | 5.31 | % |  |  | 5.05 | %
Finance leases |  |  |  | 5.17 | % |  |  | 4.34 | %
Schedule of Components of Lease Expense | The following table summarizes the components of our lease expense for the year ended December 31:
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Operating lease costs 1 |  | $ | 3,485 |  |  | $ | 3,257 |  |  | $ | 3,525 |
Finance lease costs: |  |  |  |  |  |  |  |  |
Amortization of leased assets |  |  | 5,528 |  |  |  | 4,951 |  |  |  | 4,277 |
Interest on lease assets |  |  | 584 |  |  |  | 458 |  |  |  | 340 |
Net lease costs |  | $ | 9,597 |  |  | $ | 8,666 |  |  | $ | 8,142 |
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 for the year ended December 31:
(in thousands) |  |  | 2024 |  |  | 2023 |  |  | 2022 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows for operating leases |  | $ | 3,623 |  |  | $ | 3,257 |  |  | $ | 3,591 |
Operating cash flows for finance leases |  |  | $ | 584 |  |  | $ | 458 |  |  | $ | 340 |
Financing cash flows for finance leases |  |  | $ | 5,538 |  |  | $ | 4,801 |  |  | $ | 4,421 |
Lease assets exchanged for new lease liabilities: |  |  |  |  |  |  |  |  |
Operating leases |  |  | $ | 3,013 |  |  | $ | 3,765 |  |  | $ | 3,932 |
Finance leases |  |  | $ | 6,541 |  |  | $ | 3,458 |  |  | $ | 6,819 |
Schedule of Maturities of Operating and Finance Lease Liabilities | At December 31, 2024, the future minimum lease payment obligations under noncancelable leases were as follows:
(in thousands) |  | Operating Leases |  |  | Finance Leases |
2025 |  | $ | 3,486 |  |  | $ | 5,761 |
2026 |  |  | 3,266 |  |  |  | 4,323 |
2027 |  |  | 2,071 |  |  |  | 2,019 |
2028 |  |  | 1,419 |  |  |  | 698 |
2029 |  |  | 284 |  |  |  | 283 |
Thereafter |  |  | 663 |  |  |  | 39 |
Total lease payments |  |  | 11,189 |  |  |  | 13,123 |
Less: interest |  |  | 1,132 |  |  |  | 907 |
Present value of lease liabilities |  | $ | 10,057 |  |  | $ | 12,216 |

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