XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.25.1

Leases | 3 Months Ended
--- | ---
Mar. 31, 2025
Leases [Abstract] |
Leases | LEASES The Company has operating leases with fixed payment terms for certain buildings and warehouses. The Company's leases have remaining lease terms of less than one year to four years, some of which include options to extend the lease for five years. Operating leases are included in operating lease right-of-use ("ROU") assets, accrued other liabilities and other non-current liabilities in the Consolidated Balance Sheets. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. The Company used the applicable incremental borrowing rate at implementation 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 its incremental borrowing rate to perform lease classification tests on lease components and to measure ROU assets and lease liabilities. The components of lease expense were as follows (in thousands):
| Three months ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Operating lease cost | $ | 501 |  |  | $ | 538 |  |  |  |  |
Short-term lease cost | 360 |  |  | 458 |  |  |  |  |
Total net lease cost | $ | 861 |  |  | $ | 996 |  |  |  |  |
Other supplemental balance sheet information related to leases was as follows (in thousands):
| March 31, 2025 |  | December 31, 2024
Operating lease right of use assets | $ | 4,984 |  |  | $ | 2,112 |
Current operating lease liabilities(A) | $ | 1,693 |  |  | $ | 1,178 |
Noncurrent operating lease liabilities(B) | 3,275 |  |  | 997 |
Total operating lease liabilities | $ | 4,968 |  |  | $ | 2,175 |
(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. During the three months ended March 31, 2025, the Company entered into a new lease related to the Cobourg production facility, which resulted in a right of use asset of $3,095,000 in exchange for new operating lease liabilities.

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