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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Summary of lease related expenses

The components of lease related expenses are as follows:

 

 

Year ended December 31,

 

 

 

2024

 

 

2023

 

Operating lease expense (a)

 

$

4,468

 

 

$

4,879

 

 

(a)
Includes short-term and variable lease costs of $2,066 and $1,986 for the years ended December 31, 2024 and 2023, respectively.
Schedule includes other information about leases

Cash paid for amounts included in the measurement of lease liabilities:

 

 

Year ended December 31,

 

 

 

2024

 

 

2023

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows (fixed payments)

 

$

3,034

 

 

$

2,704

 

Operating cash flows (liability reduction)

 

$

2,475

 

 

$

1,893

 

 

 

 

 

 

 

 

ROU assets obtained in exchange for lease obligations:

 

 

 

 

 

 

Operating leases

 

$

117

 

 

$

5,578

 

Other information related to operating leases was as follows:

 

 

December 31, 2024

 

Weighted average remaining lease term:

 

 

 

Operating leases

 

 

4.52

 

Weighted average discount rate:

 

 

 

Operating leases

 

 

7.87

%

Summary of maturities of lease liabilities

Maturities of lease liabilities as of December 31, 2024 were as follows:

 

 

Operating leases

 

2025

 

$

3,208

 

2026

 

 

3,255

 

2027

 

 

2,643

 

2028

 

 

2,184

 

2029

 

 

1,409

 

Thereafter

 

 

271

 

Total minimum lease payments

 

 

12,970

 

Less amounts representing interest

 

 

(1,900

)

Total lease obligation, net of interest

 

 

11,070

 

Less current portion

 

 

(2,497

)

Long-term portion of lease obligations, net of interest

 

$

8,573