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Leases | 9 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
Leases | Leases We lease real estate space under non-cancelable operating lease agreements for commercial and industrial space. Facilities-related operating leases have remaining terms of 0.1 to 10.7 years, and some leases include options to extend up to 15 years. Other leases for automobiles, manufacturing and office and computer equipment have remaining lease terms of 0.1 to 4.1 years. These leases are primarily operating leases; financing leases are not material. We did not include any renewal options in our lease terms for calculating the lease liabilities as we are not reasonably certain we will exercise the options at this time. The weighted-average remaining lease term for the lease obligations was 7 years as of September 30, 2024, and the weighted-average discount rate was 4.0%. The components of lease expense related to operating leases were as follows (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  |  |  | 2024 |  | 2023 |  |
Lease expense: |  |  |  |  |  |  |  |  |  |  |
| Operating lease expense | $ | 943 |  |  | $ | 948 |  |  |  |  | $ | 2,773 |  |  | $ | 2,763 |  |  |
| Short-term lease expense | 139 |  |  | 142 |  |  |  |  | 265 |  |  | 348 |  |  |
| Variable and other lease expense | 273 |  |  | 271 |  |  |  |  | 793 |  |  | 744 |  |  |
|  | $ | 1,355 |  |  | $ | 1,361 |  |  |  |  | $ | 3,831 |  |  | $ | 3,855 |  |  |
Future minimum payments under our non-cancelable lease obligations were as follows as of September 30, 2024 (in thousands):
2024 | $ | 959 |
2025 | 2,669 |
2026 | 1,971 |
2027 | 1,886 |
2028 | 1,617 |
Thereafter | 5,445 |
Total minimum lease payments | 14,547 |
Less: interest | (1,914) |
Present value of net minimum lease payments | 12,633 |
Less: current portion of lease liabilities | (2,616) |
Total long-term lease liabilities | $ | 10,017 |

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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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