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Supply Chain Financing
12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Supply Chain Financing
The Company had supply chain finance service agreements with third-party financial institutions to provide platforms that facilitate the ability of participating suppliers to finance payment obligations from the Company with third-party financial institutions. The Company’s obligations to its suppliers, including amounts due and scheduled payment dates, were not affected by suppliers’ decisions to finance amounts under the supply chain finance agreements. As of December 31, 2024, the Company is no longer participating in supply chain finance service agreements through third-party financial institutions. As of December 31, 2023, $1.0 million of the Company’s accounts payable were financed by participating suppliers through third-party financial institutions.
A reconciliation of the beginning and ending balances of the supply chain financing for the year ended December 31, 2024 is as follows:
(In thousands)20242023
Balance, beginning of year$1,006 $14,823 
New obligations entered  27,763 
Less payments made(1,006)(41,580)
Balance, end of year$ $1,006