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Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Schedule of Components of Lease and Supplemental Cash Flow Information

Lease costs for operating and finance leases were as follows:

												Three Months Ended
(in thousands)						Statement of Operations Location						September 30, 2023						October 1, 2022
Operating lease cost:
Lease cost						Cost of goods sold						$	399					$	413
Lease cost						Research and development expenses						2,507						806
Lease cost						Selling, general and administrative expenses						820						407
Variable lease cost(1)						Cost of goods sold						54						51
Variable lease cost(1)						Research and development expenses						21						75
Variable lease cost(1)						Selling, general and administrative expenses						632						304
Operating lease cost												$	4,433					$	2,056
Short-term lease cost:
Short-term lease cost						Cost of goods sold						$	21					$	—
Short-term lease cost						Research and development expenses						37						—
Short-term lease cost						Selling, general and administrative expenses						51						147
Short-term lease cost												$	109					$	147
Finance lease cost:
Amortization of right-of use assets						Cost of goods sold						$	49					$	54
Amortization of right-of use assets						Research and development expenses						4						—
Interest on lease liabilities						Interest expense						5						3
Variable lease cost(1)						Cost of goods sold						3						—
Finance lease cost												$	61					$	57
Total lease cost												$	4,603					$	2,260

____________

(1) Variable lease cost primarily consists of common area maintenance, such as cleaning and repairs.            

												Nine Months Ended
(in thousands)						Statement of Operations Location						September 30, 2023						October 1, 2022
Operating lease cost:
Lease cost						Cost of goods sold						$	1,210					$	1,175
Lease cost						Research and development expenses						6,979						1,871
Lease cost						Selling, general and administrative expenses						1,937						2,270
Variable lease cost(1)						Cost of goods sold						177						213
Variable lease cost(1)						Research and development expenses						104						75
Variable lease cost(1)						Selling, general and administrative expenses						1,800						304
Operating lease cost												$	12,207					$	5,908
Short-term lease cost:
Short-term lease cost						Cost of goods sold						$	63					$	—
Short-term lease cost						Research and development expenses						121						—
Short-term lease cost						Selling, general and administrative expenses						148						446
Short-term lease cost												$	332					$	446
Finance lease cost:
Amortization of right-of use assets						Cost of goods sold						$	154					$	144
Amortization of right-of use assets						Research and development expenses						11						—
Interest on lease liabilities						Interest expense						16						15
Variable lease cost(1)						Cost of goods sold						8						—
Finance lease cost												$	189					$	159
Total lease cost												$	12,728					$	6,513

____________

(1) Variable lease cost primarily consists of common area maintenance, such as cleaning and repairs.

Weighted average remaining lease terms and weighted average discount rates were:

						September 30, 2023
						Operating Leases						Finance Leases
Weighted average remaining lease term (years)						14.3						2.9
Weighted average discount rate						6.9		%				3.7		%

Schedule of Assets and Liabilities Related to Operating and Finance Leases

Supplemental balance sheet information as of September 30, 2023 and December 31, 2022 related to leases are as follows:

(in thousands)						Balance Sheet Location						September 30, 2023						December 31, 2022
Assets
Operating leases						Operating lease right-of-use assets						$	132,671					$	87,595
Finance leases, net						Property, plant and equipment, net						515						688
Total lease assets												$	133,186					$	88,283
Liabilities
Current:
Operating lease liabilities						Current portion of operating lease liabilities						$	3,083					$	3,812
Finance lease liabilities						Accrued expenses and other current liabilities						209						224
Long-term:
Operating lease liabilities						Operating lease liabilities, net of current portion						76,382						55,854
Finance lease liabilities						Finance lease obligations and other long-term liabilities						316						469
Total lease liabilities												$	79,990					$	60,359

Schedule of Future Maturities of Operating Lease Liabilities

The following is a schedule by year of the maturities of lease liabilities with original terms in excess of one year, as of September 30, 2023:

						September 30, 2023
(in thousands)						Operating Leases						Finance Leases
Remainder of 2023						$	2,178					$	59
2024						8,366						209
2025						8,048						178
2026						8,029						72
2027						8,179						37
Thereafter						96,195						—
Total undiscounted future minimum lease payments						130,995						555
Less imputed interest						(51,530)						(30)
Total discounted future minimum lease payments						$	79,465					$	525

Schedule of Future Maturities of Finance Lease Liabilities

The following is a schedule by year of the maturities of lease liabilities with original terms in excess of one year, as of September 30, 2023:

						September 30, 2023
(in thousands)						Operating Leases						Finance Leases
Remainder of 2023						$	2,178					$	59
2024						8,366						209
2025						8,048						178
2026						8,029						72
2027						8,179						37
Thereafter						96,195						—
Total undiscounted future minimum lease payments						130,995						555
Less imputed interest						(51,530)						(30)
Total discounted future minimum lease payments						$	79,465					$	525

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Schedule of Assets and Liabilities Related to Operating and Finance Leases [Table Text Block]

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- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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

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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

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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

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