XML 30 R15.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Leases | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
Leases | Leases The Company has operating leases with fixed and variable payment terms primarily associated with buildings and warehouses. The Company's leases have remaining lease terms of twelve months to forty-five months, some of which include options to extend the lease for three years. Operating leases are included in right-of-use ("ROU") assets, other accrued liabilities and other non-current liabilities on the Consolidated Balance Sheets. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. The Company used the applicable incremental borrowing rate at lease inception date to measure lease liabilities and ROU assets. The incremental borrowing rate used by the Company was based on baseline rates and adjusted by the credit spreads commensurate with the Company’s secured borrowing rate. At each reporting period when there is a new lease initiated, the Company will utilize the rate implicit in the lease if readily determinable and if not readily determinable, then the Company will utilize the incremental borrowing rate to perform lease classification tests on lease components and to measure ROU assets and lease liabilities. The following table provides information related to the components of lease expense as of December 31 (in thousands):
| 2024 |  | 2023
Operating lease cost | $ | 1,237 |  |  | $ | 2,073 |
Short-term lease cost | 1,782 |  |  | 1,922 |
Total net lease cost | $ | 3,019 |  |  | $ | 3,995 |
The following table provides information related to other supplemental balance sheet information related to operating leases as of December 31, (in thousands):
| 2024 |  | 2023
Operating lease right of use assets | $ | 2,112 |  |  | $ | 3,802 |
Total operating lease right of use assets | $ | 2,112 |  |  | $ | 3,802 |
Current operating lease liabilities (A) | $ | 1,178 |  |  | $ | 1,981 |
Noncurrent operating lease liabilities (B) | 997 |  |  | 1,828 |
Total operating lease liabilities | $ | 2,175 |  |  | $ | 3,809 |
(A) Current operating lease liability included in "Other Current Accrued Liabilities" on the Consolidated Balance Sheets. (B) Noncurrent operating lease liability included in "Other Non-Current Liabilities" on the Consolidated Balance Sheets.
| 2024 |  | 2023
Weighted average remaining lease term (in years): | 1.6 |  | 2.4
Weighted average discount rate: | 5.5 | % |  | 5.5 | %
For the years ended December 31, 2024 and 2023, cash payments on amounts included in the measurement of lease liabilities were $2,079,000 and $2,117,000, respectively. During the year ended December 31, 2024, the Company entered into a new lease related to the warehouse. During the year ended December 31, 2024, there were $395,000 right of use assets obtained in exchange for new operating lease liabilities. As of December 31, 2024, maturities of lease liabilities were as follows (in thousands):
| Operating Leases
2025 | $ | 1,267 |
2026 | 773 |
2027 | 262 |
2028 | — |
Total lease payments | 2,302 |
Less: imputed interest | (127) |
Total lease obligations | 2,175 |
Less: current obligations | (1,178) |
Long-term lease obligations | $ | 997 |

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