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Leases (Tables) | 6 Months Ended
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Jun. 30, 2023
Leases [Abstract] |
Schedule of Lease Expense and Cash Flow Information | The following table summarizes the lease expense by category in the Consolidated Statement of Operations:
(in thousands) |  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Cost of sales |  | $ | 2,069 |  |  | $ | 1,524 |  |  | $ | 3,971 |  |  | $ | 3,135 |
Research, development and engineering expenses |  | 63 |  |  | 65 |  |  | 126 |  |  | 141 |
Selling, general and administrative expenses |  | 18 |  |  | 18 |  |  | 37 |  |  | 37 |
Interest expense |  | 23 |  |  | 22 |  |  | 41 |  |  | 51 |
Total |  | $ | 2,173 |  |  | $ | 1,629 |  |  | $ | 4,175 |  |  | $ | 3,364 |
The following table summarizes the components of lease expense:
(in thousands) |  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Operating lease cost |  | $ | 1,448 |  |  | $ | 1,160 |  |  | $ | 2,807 |  |  | $ | 2,339 |
Finance lease cost |  |  |  |  |  |  |  |
Amortization of right-of-use (“ROU”) asset |  | 20 |  |  | 40 |  |  | 41 |  |  | 88 |
Interest expense |  | 4 |  |  | 5 |  |  | 8 |  |  | 12 |
Short-term lease cost |  | 258 |  |  | 29 |  |  | 401 |  |  | 65 |
Variable lease cost |  | 442 |  |  | 340 |  |  | 918 |  |  | 720 |
Sublease income |  | (264) |  |  | (271) |  |  | (530) |  |  | (536) |
Total lease cost |  | $ | 1,908 |  |  | $ | 1,303 |  |  | $ | 3,645 |  |  | $ | 2,688 |
The following table presents supplemental cash flow information related to leases:
(in thousands) |  | For the Six Months Ended June 30,
|  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows paid for operating leases |  | $ | 2,426 |  |  | $ | 2,424 |
Operating cash flows paid for interest portion of finance leases |  | 8 |  |  | 12 |
Financing cash flows paid for principal portion of finance leases |  | 44 |  |  | 93 |
Right-of-use assets obtained in exchange for lease obligations |  |  |  |
Operating leases |  | 13,986 |  |  | — |
Schedule of Supplemental Balance Sheet Information | The following table presents supplemental balance sheet information related to leases:
(in thousands) |  | June 30, 2023 |  | December 31, 2022
Operating lease ROU assets, net 1 |  | $ | 25,005 |  |  | $ | 13,282 |
Operating lease liabilities, current |  | 2,753 |  |  | 2,894 |
Operating lease liabilities, non-current |  | 23,316 |  |  | 10,971 |
Total operating lease liabilities |  | $ | 26,069 |  |  | $ | 13,865 |
Finance lease ROU assets, net 1 |  | $ | 184 |  |  | $ | 225 |
Finance lease liabilities, current |  | 85 |  |  | 90 |
Finance lease liabilities, non-current |  | 136 |  |  | 170 |
Total finance lease liabilities |  | $ | 221 |  |  | $ | 260 |
1.Included in Other noncurrent assets for operating leases and Property, plant and equipment, net for finance leases on the Consolidated Balance Sheets.
Schedule of Maturity Analysis of Operating Lease Liabilities | The following table presents maturity analysis of lease liabilities as of June 30, 2023:
(in thousands) |  | Operating Leases |  | Finance Leases
Nine months ending December 31, 2023 |  | $ | 2,183 |  |  | $ | 57 |
Year ending December 31, 2024 |  | 5,214 |  |  | 84 |
Year ending December 31, 2025 |  | 5,376 |  |  | 81 |
Year ending December 31, 2026 |  | 5,126 |  |  | 17 |
Year ending December 31, 2027 |  | 5,209 |  |  | — |
Year ending December 31, 2028 |  | 4,205 |  |  | — |
Thereafter |  | 6,059 |  |  | — |
Total undiscounted lease payments |  | 33,372 |  |  | 239 |
Less: imputed interest |  | 7,303 |  |  | 18 |
Total lease liabilities |  | $ | 26,069 |  |  | $ | 221 |
Schedule of Maturity Analysis of Financing Lease Liabilities | The following table presents maturity analysis of lease liabilities as of June 30, 2023:
(in thousands) |  | Operating Leases |  | Finance Leases
Nine months ending December 31, 2023 |  | $ | 2,183 |  |  | $ | 57 |
Year ending December 31, 2024 |  | 5,214 |  |  | 84 |
Year ending December 31, 2025 |  | 5,376 |  |  | 81 |
Year ending December 31, 2026 |  | 5,126 |  |  | 17 |
Year ending December 31, 2027 |  | 5,209 |  |  | — |
Year ending December 31, 2028 |  | 4,205 |  |  | — |
Thereafter |  | 6,059 |  |  | — |
Total undiscounted lease payments |  | 33,372 |  |  | 239 |
Less: imputed interest |  | 7,303 |  |  | 18 |
Total lease liabilities |  | $ | 26,069 |  |  | $ | 221 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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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 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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