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Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Components of Lease Costs

The components of lease costs were as follows:

			Classification						Three Months Ended March 31,
(in thousands)									2024						2023
Finance lease cost
Amortization of leased assets			Depreciation						$	119					$	119
Interest on lease liabilities			Interest expense						19						20
Operating lease cost			Operating expense1						736						856
Lease cost									$	874					$	995

_________________________________________

(1)Operating lease expense is presented in cost of services or selling, general and administrative expense based on the use of the relevant facility.

Other information related to operating and finance leases was as follows:

			March 31, 2024						December 31, 2023
Operating leases
Weighted average remaining lease term (years)			10.4						7.1
Weighted average discount rate			5.8		%				5.0		%
Finance leases
Weighted average remaining lease term (years)			12.3						12.3
Weighted average discount rate			5.2		%				5.2		%

						Three Months Ended March 31,
(in thousands)						2024						2023
Cash paid for operating lease liabilities						$	765					$	877
Operating lease right-of-use assets obtained in exchange for new lease liabilities (includes new leases or modification of existing leases)						1,737						1,493

Schedule of Expected Maturity of Lease Liabilities, Operating

The following table summarizes the expected maturity of lease liabilities as of March 31, 2024:

(in thousands)						Operating Leases						Finance Leases						Total
2024 (remainder of the year)						$	1,893					$	73					$	1,966
2025						2,643						180						2,823
2026						1,841						153						1,994
2027						979						155						1,134
2028						698						158						856
2029 and thereafter						7,752						1,201						8,953
Total lease payments						15,806						1,920						17,726
Less: Interest						(5,178)						(507)						(5,685)
Present value of lease liabilities						$	10,628					$	1,413					$	12,041

Schedule of Expected Maturity of Lease Liabilities, Financing

The following table summarizes the expected maturity of lease liabilities as of March 31, 2024:

(in thousands)						Operating Leases						Finance Leases						Total
2024 (remainder of the year)						$	1,893					$	73					$	1,966
2025						2,643						180						2,823
2026						1,841						153						1,994
2027						979						155						1,134
2028						698						158						856
2029 and thereafter						7,752						1,201						8,953
Total lease payments						15,806						1,920						17,726
Less: Interest						(5,178)						(507)						(5,685)
Present value of lease liabilities						$	10,628					$	1,413					$	12,041

X

- 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

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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

+ Details

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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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