XML 27 R15.htm IDEA: XBRL DOCUMENT
v3.26.1

LEASES | 3 Months Ended
--- | ---
Mar. 31, 2026
Leases [Abstract] |
LEASES | LEASES As disclosed in “Note (2) Summary of Significant Accounting Policies; (l) Leases,” we account for our leases in accordance with the guidance in ASC 842. We lease our offices, warehouse facilities and certain equipment under non-cancellable operating leases that expire at various dates through 2032. Total operating lease and short-term lease costs for the three months ended March 31, 2026 and 2025, respectively, were as follows:
|  | Three Months Ended |  |
|  | March 31, |  |
(in thousands) |  | 2026 |  | 2025 |  |  |  |
Operating lease cost |  | $ | 669 |  |  | $ | 653 |  |  |  |  |
Short-term lease cost |  | — |  |  | 4 |  |  |  |  |
The following is additional information about our leases as of March 31, 2026:
Range of remaining lease terms (in years) |  | 0.3 | to | 5.9
Weighted average remaining lease term (in years) |  |  | 4.8 |
Weighted average discount rate |  |  | 6.7% |
Maturities of lease liabilities as of March 31, 2026, were as follows:
(in thousands) |  |
2026 (remainder) |  | $ | 1,890 |
2027 |  | 2,379 |
2028 |  | 1,738 |
2029 |  | 1,605 |
2030 |  | 1,286 |
Thereafter |  | 1,336 |
Total lease payments |  | $ | 10,234 |
Less imputed interest |  | (1,250) |
Total present value of lease liabilities |  | $ | 8,984 |
Cash Flow Information
|  | Three Months Ended |  |
|  | March 31, |  |
(in thousands) |  | 2026 |  | 2025 |  |  |  |
Amortization of ROU assets |  | $ | 514 |  |  | $ | 638 |  |  |  |  |
ROU assets obtained in exchange for operating lease obligations |  | 31 |  |  | 144 |  |  |  |  |
As part of our Alfamation™ acquisition on March 12, 2024, we entered into the related-party Alfamation Lease Agreement for the seller-owned facility where Alfamation™ has its principal operations. The Alfamation Lease Agreement commenced on March 12, 2024 and the initial term was six years. It will automatically renew for the same period of time unless terminated by either party. The leased premises include warehouse and office space totaling approximately 52 thousand square feet. The semi-annual lease payments are €0.1 million, which at the date of the signing of the Alfamation Lease agreement equated to approximately $0.1 million per payment.

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