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Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Scheduled Future Minimum Lease Payments Under Operating Leases

As of December 31, 2024, the Company’s scheduled future minimum lease payments under operating leases having initial noncancelable lease terms of more than one year, is as follows (in thousands):

2025		$	5,257
2026			3,527
2027			2,033
2028			2,085
2029			1,993
Thereafter			12,365
Total minimum lease payments			27,260
Less: Imputed interest (1)			(6,630	)
Present value of the minimum lease payments			20,630
Less: Current maturities of lease obligations			(4,085	)
Long-term lease obligations		$	16,545

(1)The Company’s lease agreements do not provide a readily determinable implicit rate nor is it available from the Company’s lessors. Therefore, in order to discount lease payments to present value, the Company has estimated its incremental borrowing rate based on information available at the lease commencement, modification or acquisition date.

Other Information Related to Operating Leases

Other information related to the Company’s operating leases for the years ended December 31, 2024, 2023 and 2022 is as follows (in thousands, except months and percentages):

		Year Ended December 31,
Income statement information:		2024				2023				2022
Operating lease cost		$	2,986			$	3,035			$	2,993
Short-term lease cost			66				79				137
Variable lease cost			4,443				3,461				3,443
Total lease cost		$	7,495			$	6,575			$	6,573
Other information:
Cash paid for amounts included in the measurement of operating lease liabilities (1)		$	14,790			$	3,672			$	4,470
Weighted-average remaining lease term (in months)			130				89				101
Weighted-average discount rate as of December 31,			6.4	%			7.5	%			7.5	%

(1) The year ended December 31, 2024 includes a termination penalty of $10.5 million related to the lease amendment.

X

- 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

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X

- References

No definition available.

+ Details

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X

- 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

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