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Leases | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
Leases | Leases We have operating and finance lease obligations resulting from the lease of land and buildings that comprise our corporate headquarters and various manufacturing facilities; leases related to additional manufacturing, office, and warehouse space; leases on company vehicles; and leases on a variety of office and other equipment. Balance sheet information related to leases consists of the following (in thousands, except lease term and discount rate):
| December 31,
Operating leases: | 2024 |  | 2023
Operating lease right-of-use assets, net | $ | 39,726 |  |  | $ | 43,822 |
Current maturities of operating leases | $ | 4,489 |  |  | $ | 3,395 |
Non-current maturities of operating leases | 39,988 |  |  | 43,977 |
Total operating lease liabilities | $ | 44,477 |  |  | $ | 47,372 |
Finance leases: |  |  |
Property and equipment, at cost | $ | 6,746 |  |  | $ | 6,862 |
Accumulated depreciation | (3,557) |  |  | (3,136) |
Property and equipment, net | $ | 3,189 |  |  | $ | 3,726 |
Current portion of finance lease obligations | $ | 601 |  |  | $ | 582 |
Non-current finance lease obligations | 2,833 |  |  | 3,405 |
Total finance lease liabilities | $ | 3,434 |  |  | $ | 3,987 |
Weighted average remaining lease term (in years): |  |  |
Operating leases | 9.6 |  | 10.4
Finance leases | 5.7 |  | 6.8
Weighted average discount rate: |  |  |
Operating leases | 6.3% |  | 6.3%
Finance leases | 2.3% |  | 2.2%
The components of lease expense included in General, administrative, and marketing expenses in our Consolidated Statements of Operations and Comprehensive Loss consists of the following (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Depreciation of property and equipment | $ | 627 |  |  | $ | 542 |  |  | $ | 518 |
Interest expense on finance leases | 89 |  |  | 84 |  |  | 89 |
Total finance lease expense | 716 |  |  | 626 |  |  | 607 |
Operating lease expense | 7,822 |  |  | 7,354 |  |  | 7,432 |
Sublease income | (465) |  |  | (278) |  |  | (306) |
Total lease expense | $ | 8,073 |  |  | $ | 7,702 |  |  | $ | 7,733 |
Supplemental cash flow information related to leases consists of the following (in thousands):
| Year Ended December 31,
Cash paid for amounts included in the measurement of lease liabilities: | 2024 |  | 2023 |  | 2022
Operating cash flows for operating leases | $ | 6,627 |  |  | $ | 7,263 |  |  | $ | 6,927 |
Financing cash flows for finance leases | 623 |  |  | 539 |  |  | 507 |
Operating cash flows for finance leases | 89 |  |  | 84 |  |  | 90 |
Future maturities of lease liabilities are as follows (in thousands):
| Finance Leases |  | Operating Leases
2025 | $ | 677 |  |  | $ | 7,111 |
2026 | 653 |  |  | 6,976 |
2027 | 642 |  |  | 6,316 |
2028 | 608 |  |  | 5,904 |
2029 | 541 |  |  | 5,812 |
Thereafter | 531 |  |  | 27,872 |
Total lease payments | $ | 3,652 |  |  | $ | 59,991 |
Less: Amount representing interest | (218) |  |  | (15,514) |
Present value of lease liabilities | 3,434 |  |  | 44,477 |
Less: Current maturities of lease liabilities | (601) |  |  | (4,489) |
Lease liabilities, less current maturities | $ | 2,833 |  |  | $ | 39,988 |
Leases | Leases We have operating and finance lease obligations resulting from the lease of land and buildings that comprise our corporate headquarters and various manufacturing facilities; leases related to additional manufacturing, office, and warehouse space; leases on company vehicles; and leases on a variety of office and other equipment. Balance sheet information related to leases consists of the following (in thousands, except lease term and discount rate):
| December 31,
Operating leases: | 2024 |  | 2023
Operating lease right-of-use assets, net | $ | 39,726 |  |  | $ | 43,822 |
Current maturities of operating leases | $ | 4,489 |  |  | $ | 3,395 |
Non-current maturities of operating leases | 39,988 |  |  | 43,977 |
Total operating lease liabilities | $ | 44,477 |  |  | $ | 47,372 |
Finance leases: |  |  |
Property and equipment, at cost | $ | 6,746 |  |  | $ | 6,862 |
Accumulated depreciation | (3,557) |  |  | (3,136) |
Property and equipment, net | $ | 3,189 |  |  | $ | 3,726 |
Current portion of finance lease obligations | $ | 601 |  |  | $ | 582 |
Non-current finance lease obligations | 2,833 |  |  | 3,405 |
Total finance lease liabilities | $ | 3,434 |  |  | $ | 3,987 |
Weighted average remaining lease term (in years): |  |  |
Operating leases | 9.6 |  | 10.4
Finance leases | 5.7 |  | 6.8
Weighted average discount rate: |  |  |
Operating leases | 6.3% |  | 6.3%
Finance leases | 2.3% |  | 2.2%
The components of lease expense included in General, administrative, and marketing expenses in our Consolidated Statements of Operations and Comprehensive Loss consists of the following (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Depreciation of property and equipment | $ | 627 |  |  | $ | 542 |  |  | $ | 518 |
Interest expense on finance leases | 89 |  |  | 84 |  |  | 89 |
Total finance lease expense | 716 |  |  | 626 |  |  | 607 |
Operating lease expense | 7,822 |  |  | 7,354 |  |  | 7,432 |
Sublease income | (465) |  |  | (278) |  |  | (306) |
Total lease expense | $ | 8,073 |  |  | $ | 7,702 |  |  | $ | 7,733 |
Supplemental cash flow information related to leases consists of the following (in thousands):
| Year Ended December 31,
Cash paid for amounts included in the measurement of lease liabilities: | 2024 |  | 2023 |  | 2022
Operating cash flows for operating leases | $ | 6,627 |  |  | $ | 7,263 |  |  | $ | 6,927 |
Financing cash flows for finance leases | 623 |  |  | 539 |  |  | 507 |
Operating cash flows for finance leases | 89 |  |  | 84 |  |  | 90 |
Future maturities of lease liabilities are as follows (in thousands):
| Finance Leases |  | Operating Leases
2025 | $ | 677 |  |  | $ | 7,111 |
2026 | 653 |  |  | 6,976 |
2027 | 642 |  |  | 6,316 |
2028 | 608 |  |  | 5,904 |
2029 | 541 |  |  | 5,812 |
Thereafter | 531 |  |  | 27,872 |
Total lease payments | $ | 3,652 |  |  | $ | 59,991 |
Less: Amount representing interest | (218) |  |  | (15,514) |
Present value of lease liabilities | 3,434 |  |  | 44,477 |
Less: Current maturities of lease liabilities | (601) |  |  | (4,489) |
Lease liabilities, less current maturities | $ | 2,833 |  |  | $ | 39,988 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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