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Leases | 9 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
Leases | Note 7. Leases The Company leases office space, warehouse and manufacturing space, and equipment. The Company’s lease agreements have remaining lease terms of one year to 13 years, and some of these leases have renewal and termination options exercisable at the Company’s election. Terms and conditions to extend or terminate such leases are recognized as part of the right-of-use assets and lease liabilities where reasonably certain to be exercised. All of the Company’s leases are operating leases. The components of lease expense and other information related to leases were as follows (in thousands):
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Operating lease expense |  | $ | 745 |  |  | $ | 640 |  |  | $ | 2,236 |  |  | $ | 2,041 |
Variable lease expense |  |  | 109 |  |  |  | 54 |  |  |  | 326 |  |  |  | 164 |
Total lease expense |  | $ | 854 |  |  | $ | 694 |  |  | $ | 2,562 |  |  | $ | 2,205 |
Cash paid for amounts included in the measurement of the lease liabilities was $0.7 million and $2.1 million for the three and nine months ended September 30, 2024, respectively, and cash paid for amounts included in the measurement of the lease liabilities was $0.6 million and $2.1 million for the three and nine months ended September 30, 2023, respectively. The weighted-average discount rate was 5.0% and the weighted-average remaining lease term was 8.2 years as of September 30, 2024. Maturities of operating lease liabilities at September 30, 2024 were as follows (in thousands):
|  | Amount |
Remainder of 2024 |  | $ | 703 |
2025 |  |  | 2,569 |
2026 |  |  | 2,627 |
2027 |  |  | 2,631 |
2028 |  |  | 2,480 |
Thereafter |  |  | 10,296 |
Total lease payments |  |  | 21,306 |
Less: imputed interest |  |  | (4,105 | )
Present value of lease liabilities |  | $ | 17,201 |

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- 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
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