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Leases (Tables) | 9 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Components of lease expense | The components of lease expense were as follows (in thousands):
| Three months ended September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Operating lease cost | $ | 497 |  |  | $ | 419 |  |  | $ | 1,360 |  |  | $ | 1,265 |
Short-term lease cost | 474 |  |  | 389 |  |  | 1,440 |  |  | 1,097 |
Total net lease cost | $ | 971 |  |  | $ | 808 |  |  | $ | 2,800 |  |  | $ | 2,362 |
Supplemental Balance Sheet Information | Other supplemental balance sheet information related to leases was as follows (in thousands):
| September 30, 2023 |  | December 31, 2022
Operating lease right of use assets | $ | 4,261 |  |  | $ | 5,114 |
Current operating lease liabilities(A) | $ | 1,938 |  |  | $ | 1,626 |
Noncurrent operating lease liabilities(B) | 2,318 |  |  | 3,516 |
Total operating lease liabilities | $ | 4,256 |  |  | $ | 5,142 |
(A)Current operating lease liabilities are included in accrued other liabilities in the Consolidated Balance Sheets. (B)Noncurrent operating lease liabilities are included in other non-current liabilities in the Consolidated Balance Sheets. The following table presents certain information related to lease terms and discount rates for leases:
Operating leases | September 30, 2023 |  | December 31, 2022 |
Weighted average remaining lease term (in years): | 2.6 |  | 3.6 |
Weighted average discount rate: | 5.5 | % |  | 4.1 | % |
For the nine months ended September 30, 2023 and 2022, cash payments on amounts included in the measurement of lease liabilities were $1,590,000 and $1,265,000, respectively. During the nine months ended September 30, 2023, the Company terminated a lease for the secondary warehouse in Monterrey, Mexico. As a result, the Company wrote off approximately $1,548,000 and $1,660,000 of lease assets and lease liabilities, respectively, related to this lease. The Company then entered into a new lease related to the secondary warehouse in Monterrey, Mexico, which resulted in right of use assets obtained in exchange for new operating lease liabilities of $641,000. The Company also entered into a new lease related to a warehouse in Matamoros, Mexico, which resulted in additional right of use assets obtained in exchange for new operating lease liabilities of $1,172,000. During the nine months ended September 30, 2022, there were no right of use assets obtained in exchange for new operating lease liabilities.
Maturities of lease liabilities | Maturities of operating lease liabilities were as follows (in thousands):
|  | September 30, 2023 |  | December 31, 2022 |
| 2023 (remainder of year) | $ | 529 |  |  | $ | 1,716 |  |
| 2024 | 2,127 |  |  | 1,722 |  |
| 2025 | 1,121 |  |  | 1,065 |  |
| 2026 | 594 |  |  | 979 |  |
| 2027 | 189 |  |  | 189 |  |
| Total lease payments | 4,560 |  |  | 5,671 |  |
| Less: imputed interest | (304) |  |  | (529) |  |
| Total lease obligations | 4,256 |  |  | 5,142 |  |
| Less: current obligations | (1,938) |  |  | (1,626) |  |
| Long-term lease obligations | $ | 2,318 |  |  | $ | 3,516 |  |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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