XML 43 R29.htm IDEA: XBRL DOCUMENT v3.25.4
Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Company’s consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows:
(in thousands)December 31, 2025December 31, 2024
Cash and cash equivalents$11,345 $44,930 
Restricted cash65 65 
   Total cash, cash equivalents and restricted cash$11,410 $44,995 
Applying the updated requirements in ASU 2023-09 on a retrospective basis, cash payments made for income taxes, net of refunds, were as follows:
For the Years Ended December 31,
(in thousands)202520242023
U.S. federal taxes$4,950 $6,400 $7,300 
U.S. state and local taxes:(1)
Michigan418 442 *
Florida528 **
All other states and locals below 5% threshold1,450 1,687 1,856 
Total income taxes paid$7,346 $8,529 $9,156 
(1)    Income taxes paid, net of refunds, exceeded 5% of total income taxes paid, in the following jurisdictions.
*    Jurisdiction below the threshold for the period presented.
Schedule of Property and Equipment
The following table summarizes the Company’s property and equipment:
(in thousands)
December 31, 2025December 31, 2024
Land and improvements$1,525 $400 
Buildings and leasehold improvements15,027 11,434 
Machinery and equipment38,143 39,603 
Finance leases - vehicles(1)
27,905 16,600 
Gross property and equipment82,600 68,037 
Less: Accumulated amortization on finance leases(8,200)(5,044)
Less:  Accumulated depreciation(31,091)(32,867)
Property and equipment, net of accumulated amortization and depreciation$43,309 $30,126 
(1)    See additional information provided in Note 14 – Leases.