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Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Components of Lease Costs

The components of lease costs were as follows:

			Classification						Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands)									2024						2023						2024						2023
Finance lease cost
Amortization of leased assets			Depreciation and amortization						$	188					$	120					$	478					$	358
Interest on lease liabilities			Interest expense						27						20						70						59
Operating lease cost			Operating expense1						1,266						711						3,106						2,359
Lease cost									$	1,481					$	851					$	3,654					$	2,776

_________________________________________

(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:

			September 30, 2024						December 31, 2023
Operating leases
Weighted average remaining lease term (years)			8.5						7.1
Weighted average discount rate			6.0		%				5.0		%
Finance leases
Weighted average remaining lease term (years)			9.1						12.3
Weighted average discount rate			5.3		%				5.2		%

			Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands)			2024						2023						2024						2023
Cash paid for operating lease liabilities			$	1,312					$	896					$	3,130					$	2,498
Operating lease right-of-use assets obtained in exchange for new lease liabilities (includes new leases or modification of existing leases)			148						621						2,132						2,308

Schedule of Expected Maturity of Lease Liabilities, Operating

The following table summarizes the expected maturity of lease liabilities as of September 30, 2024:

(in thousands)						Operating Leases						Finance Leases						Total
2024 (remainder of the year)						$	1,230					$	76					$	1,306
2025						3,899						416						4,315
2026						2,836						400						3,236
2027						1,957						203						2,160
2028						1,651						158						1,809
2029 and thereafter						8,463						1,201						9,664
Total lease payments						20,036						2,454						22,490
Less: Interest						(5,062)						(509)						(5,571)
Present value of lease liabilities						$	14,974					$	1,945					$	16,919

Schedule of Expected Maturity of Lease Liabilities, Financing

The following table summarizes the expected maturity of lease liabilities as of September 30, 2024:

(in thousands)						Operating Leases						Finance Leases						Total
2024 (remainder of the year)						$	1,230					$	76					$	1,306
2025						3,899						416						4,315
2026						2,836						400						3,236
2027						1,957						203						2,160
2028						1,651						158						1,809
2029 and thereafter						8,463						1,201						9,664
Total lease payments						20,036						2,454						22,490
Less: Interest						(5,062)						(509)						(5,571)
Present value of lease liabilities						$	14,974					$	1,945					$	16,919

Schedule of Minimum Rental Receipts Under Lease Agreement Lessor, Operating Leases

Contractual minimum rental receipts expected under the lease agreements in place as of September 30, 2024 is as follows:

(in thousands)						Operating Leases
2024 (remainder of the year)						$	1,304
2025						5,015
2026						4,256
2027						3,861
2028						3,623
2029 and thereafter						24,641
Total						$	42,700

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

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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

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- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-12

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