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Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Lease Cost Recognized in Consolidated Statement of Operations and Other Information

Lease cost recognized in the Company’s Condensed Consolidated Statements of Operations and other information is summarized as follows:


		Three Months Ended March 31,
(In Thousands)		2023				2024
Operating lease cost		$	487			$	207
Finance lease cost
Amortization of right-of-use assets		$	13			$	66
Interest on lease liabilities		$	5			$	22
Short-term operating lease cost			95				—
Total operating lease cost			600				295
Other information:
Weighted-average remaining lease term - operating leases			2.7				3.4
Weighted-average remaining lease term - finance leases			2.5				1.7
Weighted-average discount rate - operating leases (1)			4.0	%			6.8	%
Weighted-average discount rate - finance leases			13.2	%			14.1	%

(1) The discount rate used to compute the present value of total lease liabilities as of March 31, 2024 was based on the Company's estimated incremental borrowing rate of similar secured borrowings available to the Company as of the commencement date of lease.

Schedule of Operating and Finance Lease Liabilities

As of March 31, 2024, the Company’s operating and finance lease liabilities were as follows (in thousands):


(In Thousands)		Operating Leases			Finance Leases
Gross future lease payments		$	1,767		$	687
Less: imputed interest			(199	)		(73	)
Present value of total lease liabilities			1,568			614
Less: current portion of lease liabilities			(472	)		(274	)
Total long-term lease liabilities		$	1,096		$	340