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Long-Lived Assets and Leased Facilities and Equipment (Tables) | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Summary of Property, Plant and Equipment | Property, plant and equipment consisted of the following at December 31, 2023 and 2022 (in thousands):
|  | Estimated |  | December 31, |
|  | Useful Life |  | 2023 |  |  | 2022 |
|  | (in Years) |  |  |  |  |  |
Land |  | — |  | $ | 2,103 |  |  | $ | 4,376 |
Buildings |  | 10 to 25 |  |  | 19,232 |  |  |  | 25,584 |
Machinery and equipment |  | 3 to 15 |  |  | 64,035 |  |  |  | 67,851 |
Furniture and fixtures |  | 3 to 5 |  |  | 762 |  |  |  | 994 |
Transportation equipment |  | 2 to 5 |  |  | 2,369 |  |  |  | 2,361 |
Improvements |  | 15 |  |  | 17,277 |  |  |  | 23,246 |
Construction in progress |  | — |  |  | 2,060 |  |  |  | 2,881 |
Total property, plant and equipment |  |  |  |  | 107,838 |  |  |  | 127,293 |
Accumulated depreciation |  |  |  |  | (84,693 | ) |  |  | (96,139 | )
Property, plant and equipment, net |  |  |  | $ | 23,145 |  |  | $ | 31,154 |
Schedule of Minimum Rental Payments | Future minimum payments under leases having initial terms of more than twelve months are as follows (in thousands):
|  | Minimum Payments |
2024 |  | $ | 884 |
2025 |  |  | 424 |
2026 |  |  | 76 |
2027 |  |  | 64 |
Total lease payments |  |  | 1,448 |
Less: interest |  |  | (99 | )
Present value of lease payments (1), (2) |  | $ | 1,349 |
(1) During 2022, we entered into a sublease arrangement with a third-party for the remainder of our corporate office lease, which will partially recover our lease costs for the office for the duration of the lease. In connection therewith, we recorded an impairment charge of $0.5 million associated with the underlying right-of-use asset for the corporate office lease. The impairment is included in other (income) expense, net on our Statement of Operations and is reflected within our Corporate Division. (2) The discount rate used to determine the present value of our lease payments was based on the interest rate on our LC Facility adjusted for terms similar to that of our leased properties. At December 31, 2023, our weighted-average remaining lease term was approximately 1.9 years and the weighted-average discount rate used to derive our lease liability was 6.9%. L
Schedule of Other Intangible Assets | Other intangible assets were derived from the estimated fair value of existing underlying customer relationships associated with a previous acquisition and consisted of the following at December 31, 2023 and 2022 (in thousands):
|  | December 31, |
|  | 2023 |  |  | 2022 |
Customer relationships |  | $ | 996 |  |  | $ | 996 |
Accumulated amortization |  |  | (296 | ) |  |  | (154 | )
Intangible assets, net |  | $ | 700 |  |  | $ | 842 |

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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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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
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