XML 34 R14.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Leases, Codification Topic 842 | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
Lessee, Operating Leases | 4. LEASES Tredegar has various operating lease agreements with remaining terms up to 19 years, including leases of real estate, office equipment and vehicles. As of December 31, 2024 and 2023, the Company had no finance lease agreements. Some leases include options to purchase the leased asset, terminate the agreement or extend the term of the agreement for one or more years. These options are included in the lease term when it is reasonably certain that the option will be exercised. The following table presents a maturity analysis of the Company’s operating leases as of December 31, 2024:
(In thousands) |  |  |
| Future Lease Payments |
2025 |  | $ | 3,121 |  |
2026 |  | 2,717 |  |
2027 |  | 2,316 |  |
2028 |  | 2,182 |  |
2029 |  | 2,205 |  |
Thereafter |  | 5,704 |  |
Total undiscounted operating lease payments |  | 18,245 |  |
Less: Imputed interest |  | 2,799 |  |
Present value of operating lease liabilities |  | $ | 15,446 |  |
The following table summarizes lease costs, related cash flow and other information for the years ended December 31, 2024 and 2023. These costs are primarily related to long-term operating leases but also include amounts for variable leases and short-term leases.
(In thousands) | 2024 |  | 2023
Operating lease expense | $ | 4,350 |  |  | $ | 2,780 |
Other Information: |  |  |
Weighted-average remaining lease term for operating leases | 10 years |  | 7 years
Weighted-average discount rate for operating leases | 4.77 | % |  | 4.28 | %

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration