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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Lease, Cost | Supplemental balance sheet information related to leases was as follows:
| December 31,
(in thousands) | 2024 |  | 2023
Operating lease assets | $ | 2,993 |  |  | $ | 4,628 |
Current operating lease liabilities | $ | 1,287 |  |  | $ | 1,585 |
Long-term operating lease liabilities | 1,633 |  |  | 3,008 |
Total operating lease liabilities | $ | 2,920 |  |  | $ | 4,593 |
Finance lease assets | $ | 692 |  |  | $ | 960 |
Current finance lease liabilities | $ | 309 |  |  | $ | 296 |
Long-term finance lease liabilities | 287 |  |  | 595 |
Total finance lease liabilities | $ | 596 |  |  | $ | 891 |
Lease expense is recognized on a straight-line basis over the lease term, with variable payments recognized in the period those payments are incurred. The components of lease expense for the periods reported were as follows:
| Twelve Months Ended December 31,
(in thousands) | 2024 |  | 2023
Operating lease cost | $ | 1,762 |  |  | $ | 1,965 |
Finance lease cost: |  |  |
Amortization of right-of-use assets | $ | 329 |  |  | $ | 732 |
Interest on lease obligations | 33 |  |  | 1,055 |
Variable lease cost | $ | 382 |  |  | $ | 371 |
Total lease cost | $ | 2,506 |  |  | $ | 4,123 |
Supplemental cash flow information related to leases was as follows:
| Twelve Months Ended December 31,
(in thousands) | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 2,093 |  |  | $ | 2,288 |
Operating cash flows from finance leases | $ | 33 |  |  | $ | 1,055 |
Financing cash flows from finance leases | $ | 296 |  |  | $ | 306 |
Lease assets obtained in exchange for new operating lease liabilities | $ | — |  |  | $ | 2,324 |
Lease assets obtained in exchange for new financing lease liabilities | $ | — |  |  | $ | 240 |
Finance Lease, Liability, to be Paid, Maturity | Maturities of operating and finance lease liabilities as of December 31, 2024 were as follows:
(in thousands) | Operating Leases |  | Finance Leases
Year Ending December 31, |  |  |
2025 | $ | 1,363 |  |  | $ | 329 |
2026 | 790 |  |  | 292 |
2027 | 422 |  |  | - |
2028 | 373 |  |  | - |
2029 | 104 |  |  | - |
After 2029 | 2 |  |  | - |
Total future minimum lease payments | 3,054 |  |  | 621 |
Less interest | (134) |  |  | (25) |
Present value of lease liabilities | $ | 2,920 |  |  | $ | 596 |
Lessee, Operating Lease, Liability, to be Paid, Maturity | Maturities of operating and finance lease liabilities as of December 31, 2024 were as follows:
(in thousands) | Operating Leases |  | Finance Leases
Year Ending December 31, |  |  |
2025 | $ | 1,363 |  |  | $ | 329 |
2026 | 790 |  |  | 292 |
2027 | 422 |  |  | - |
2028 | 373 |  |  | - |
2029 | 104 |  |  | - |
After 2029 | 2 |  |  | - |
Total future minimum lease payments | 3,054 |  |  | 621 |
Less interest | (134) |  |  | (25) |
Present value of lease liabilities | $ | 2,920 |  |  | $ | 596 |
Assets and Liabilities, Lessee | Weighted average remaining lease term and discount rate was as follows:
| December 31,
| 2024 |  | 2023
Weighted Average Remaining Lease Term - operating leases (years) | 3.0 |  | 3.6
Weighted Average Remaining Lease Term - finance leases (years) | 1.6 |  | 2.6
Weighted Average Discount Rate - operating leases | 2.6% |  | 2.5%
Weighted Average Discount Rate - finance leases | 4.4% |  | 4.4%

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- Definition Tabular disclosure of lessee's assets and liabilities. + References No definition available. + Details
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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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