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Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Components of Lease Expense

The components of lease expense were as follows:


		December 31,
(table only in thousands)		2024				2023				2022
Operating lease cost (1)		$	6,146			$	4,643			$	3,558
Finance lease cost:
Amortization of right-of-use assets			309				232				309
Interest on lease liability			232				289				289
Total finance lease cost			541				521				598
Total lease cost		$	6,687			$	5,164			$	4,156

(1) Includes variable lease costs which are immaterial.

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:


		December 31,
(table only in thousands)		2024				2023				2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		$	5,594			$	4,567			$	3,637
Operating cash flows from finance leases		$	232			$	289			$	289
Financing cash flows from finance leases		$	925			$	907			$	600
Right of use assets obtained in exchange for lease obligations
Operating leases		$	13,669			$	7,697			$	3,487

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:


		December 31,
(table only in thousands)		2024				2023
Operating leases
Right-of-use assets from operating leases		$	25,102			$	16,256

Accrued expenses		$	4,262			$	4,278
Operating lease liabilities			20,230				11,417
Total operating lease liabilities		$	24,492			$	15,695

Finance leases
Property, plant and equipment, net		$	1,711			$	2,097

Accrued expenses		$	743			$	693
Other liabilities			4,101				4,844
Total finance lease liabilities		$	4,844			$	5,537

Schedule of Lease Terms and Discount Rate

Weighted-average remaining lease term were as follows:


		December 31,
		2024		2023
Operating leases		9 years		8 years
Finance leases		7 years		7 years
Weighted-average discount rate
Operating leases		6.4%		5.8%
Finance leases		4.6%		4.6%

Schedule of Maturities of Lease Liabilities

As of December 31, 2024, maturities of lease liabilities were as follows:


(table only in thousands)		Operating Leases				Finance Leases
2025		$	5,810			$	943
2026			4,886				962
2027			4,026				982
2028			3,641				1,001
2029			3,089				1,021
Thereafter			9,709				575
Total minimum lease payments		$	31,161			$	5,484
Less imputed interest			(6,669	)			(640	)
Lease liability		$	24,492			$	4,844