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Leases (Tables)

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Components of Lease Costs

The components of lease costs were as follows:

			Classification						Three Months Ended March 31,
(in thousands)									2025						2024
Finance lease cost
Amortization of leased assets			Depreciation and amortization						$	188					$	119
Interest on lease liabilities			Interest expense						24						19
Operating lease cost			Operating expense1						1,164						736
Lease cost									$	1,376					$	874

_________________________________________

(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, 2025						December 31, 2024
Operating leases
Weighted average remaining lease term (years)			8.4						8.5
Weighted average discount rate			6.2		%				6.1		%
Finance leases
Weighted average remaining lease term (years)			9.0						9.0
Weighted average discount rate			5.3		%				5.3		%

			Three Months Ended March 31,
(in thousands)			2025						2024
Cash paid for operating lease liabilities			$	1,264					$	765
Operating lease right-of-use assets obtained in exchange for new lease liabilities (includes new leases or modification of existing leases)			51						1,737

Schedule of Expected Maturity of Lease Liabilities, Operating

The following table summarizes the expected maturity of lease liabilities as of March 31, 2025:

(in thousands)						Operating Leases						Finance Leases						Total
2025 (remainder of the year)						$	2,993					$	255					$	3,248
2026						3,186						400						3,586
2027						2,221						203						2,424
2028						1,837						158						1,995
2029						1,469						160						1,629
2030 and thereafter						7,177						1,041						8,218
Total lease payments						18,883						2,217						21,100
Less: Interest						(4,878)						(460)						(5,338)
Present value of lease liabilities						$	14,005					$	1,757					$	15,762

Schedule of Expected Maturity of Lease Liabilities, Financing

The following table summarizes the expected maturity of lease liabilities as of March 31, 2025:

(in thousands)						Operating Leases						Finance Leases						Total
2025 (remainder of the year)						$	2,993					$	255					$	3,248
2026						3,186						400						3,586
2027						2,221						203						2,424
2028						1,837						158						1,995
2029						1,469						160						1,629
2030 and thereafter						7,177						1,041						8,218
Total lease payments						18,883						2,217						21,100
Less: Interest						(4,878)						(460)						(5,338)
Present value of lease liabilities						$	14,005					$	1,757					$	15,762

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

Contractual minimum rental receipts expected under the lease agreements in place as of March 31, 2025 is as follows:

(in thousands)						Operating Leases
2025 (remainder of the year)						$	3,331
2026						3,816
2027						3,382
2028						3,168
2029						2,884
2030 and thereafter						17,156
Total						$	33,737

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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