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Leases
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases Leases
Operating lease cost details for the three months ended March 31, 2025 and 2024 are as follows:
Three Months Ended
March 31,
(In thousands)20252024
Building rent$231 $312 
Automobile rentals264 347 
Total net operating lease costs$495 $659 
At March 31, 2025, the Company’s weighted average remaining lease term for its operating leases is 5.0 years, and the weighted average discount rate for its operating leases is 6%.
During the three months ended March 31, 2025, there were $0.5 million of operating cash payments for lease liabilities and $0.3 million of right-of-use assets obtained in exchange for new lease liabilities.
Maturities of the Company’s operating leases as of March 31, 2025 are as follows:
(In thousands)As of
March 31, 2025
2025$1,782 
20262,339 
20271,946 
20281,840 
20291,045 
Later years1,352 
Less imputed interest(1,399)
Total lease liabilities$8,905