XML 27 R14.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

Leases | 3 Months Ended
--- | ---
Mar. 31, 2024
Leases [Abstract] |
Leases | Leases Lessee The operating and financing components of the Company’s right-of-use assets and lease liabilities on the consolidated balance sheets were as follows:
|  | Balance Sheet Location |  | March 31, 2024 |  | December 31, 2023
Right-of-use assets |  |  |  |  |  |
Operating |  | Operating right-of-use assets |  | $ | 20,472 |  |  | $ | 23,265 |
Financing |  | Property, plant and equipment, net |  | 673 |  |  | 908 |
Total right-of use assets |  |  |  | $ | 21,145 |  |  | $ | 24,173 |
Lease liabilities |  |  |  |  |  |
Operating |  | Operating lease liabilities, current and long-term portions |  | $ | 21,624 |  |  | $ | 24,592 |
Financing |  | Long-term debt, current and long-term portions |  | 681 |  |  | 780 |
Total lease liabilities |  |  |  | $ | 22,305 |  |  | $ | 25,372 |
Operating lease costs are recorded as a single expense on the statement of operations and allocated to the right-of-use assets and the related lease liabilities as depreciation expense and interest expense, respectively. Lease cost recognized in the consolidated statement of operations for the three months ended March 31, 2024 and 2023 was as follows:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2024 |  | 2023
Finance lease cost |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  |  |  | $ | 57 |  |  | $ | 94 |
Interest on lease liabilities |  |  |  |  | 18 |  |  | 16 |
Operating lease cost |  |  |  |  | 3,387 |  |  | 3,195 |
Short-term lease cost |  |  |  |  | 9 |  |  | 9 |
Total lease cost |  |  |  |  | $ | 3,471 |  |  | $ | 3,314 |
Other information related to the Company’s leasing activity for the three months ended March 31, 2024 and 2023 is as follows:
|  | Three Months Ended March 31,
|  | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows used for finance leases |  | $ | 18 |  |  | $ | 16 |
Operating cash flows used for operating leases |  | $ | 3,553 |  |  | $ | 3,316 |
Financing cash flows used for finance leases |  | $ | 56 |  |  | $ | 86 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 244 |  |  | $ | 1,413 |
Weighted average remaining lease term - finance leases |  | 3.0 years |  | 3.0 years
Weighted average discount rate - finance leases |  | 9.62 | % |  | 8.98 | %
Weighted average remaining lease term - operating leases |  | 2.7 years |  | 2.9 years
Weighted average discount rate - operating leases |  | 6.53 | % |  | 5.83 | %
Maturities of the Company’s lease liabilities as of March 31, 2024 are as follows:
|  | Operating Leases |  | Finance Leases |  | Total
Remainder of 2024 |  | $ | 8,257 |  |  | $ | 198 |  |  | $ | 8,455 |
2025 |  | 7,836 |  |  | 265 |  |  | 8,101 |
2026 |  | 4,387 |  |  | 254 |  |  | 4,641 |
2027 |  | 2,127 |  |  | 62 |  |  | 2,189 |
2028 |  | 975 |  |  | 7 |  |  | 982 |
Thereafter |  | 25 |  |  | — |  |  | 25 |
Total cash lease payments |  | 23,607 |  |  | 786 |  |  | 24,393 |
Less: amounts representing interest |  | (1,983) |  |  | (105) |  |  | (2,088) |
Total lease liabilities |  | $ | 21,624 |  |  | $ | 681 |  |  | $ | 22,305 |
Leases | Leases Lessee The operating and financing components of the Company’s right-of-use assets and lease liabilities on the consolidated balance sheets were as follows:
|  | Balance Sheet Location |  | March 31, 2024 |  | December 31, 2023
Right-of-use assets |  |  |  |  |  |
Operating |  | Operating right-of-use assets |  | $ | 20,472 |  |  | $ | 23,265 |
Financing |  | Property, plant and equipment, net |  | 673 |  |  | 908 |
Total right-of use assets |  |  |  | $ | 21,145 |  |  | $ | 24,173 |
Lease liabilities |  |  |  |  |  |
Operating |  | Operating lease liabilities, current and long-term portions |  | $ | 21,624 |  |  | $ | 24,592 |
Financing |  | Long-term debt, current and long-term portions |  | 681 |  |  | 780 |
Total lease liabilities |  |  |  | $ | 22,305 |  |  | $ | 25,372 |
Operating lease costs are recorded as a single expense on the statement of operations and allocated to the right-of-use assets and the related lease liabilities as depreciation expense and interest expense, respectively. Lease cost recognized in the consolidated statement of operations for the three months ended March 31, 2024 and 2023 was as follows:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2024 |  | 2023
Finance lease cost |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  |  |  | $ | 57 |  |  | $ | 94 |
Interest on lease liabilities |  |  |  |  | 18 |  |  | 16 |
Operating lease cost |  |  |  |  | 3,387 |  |  | 3,195 |
Short-term lease cost |  |  |  |  | 9 |  |  | 9 |
Total lease cost |  |  |  |  | $ | 3,471 |  |  | $ | 3,314 |
Other information related to the Company’s leasing activity for the three months ended March 31, 2024 and 2023 is as follows:
|  | Three Months Ended March 31,
|  | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows used for finance leases |  | $ | 18 |  |  | $ | 16 |
Operating cash flows used for operating leases |  | $ | 3,553 |  |  | $ | 3,316 |
Financing cash flows used for finance leases |  | $ | 56 |  |  | $ | 86 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 244 |  |  | $ | 1,413 |
Weighted average remaining lease term - finance leases |  | 3.0 years |  | 3.0 years
Weighted average discount rate - finance leases |  | 9.62 | % |  | 8.98 | %
Weighted average remaining lease term - operating leases |  | 2.7 years |  | 2.9 years
Weighted average discount rate - operating leases |  | 6.53 | % |  | 5.83 | %
Maturities of the Company’s lease liabilities as of March 31, 2024 are as follows:
|  | Operating Leases |  | Finance Leases |  | Total
Remainder of 2024 |  | $ | 8,257 |  |  | $ | 198 |  |  | $ | 8,455 |
2025 |  | 7,836 |  |  | 265 |  |  | 8,101 |
2026 |  | 4,387 |  |  | 254 |  |  | 4,641 |
2027 |  | 2,127 |  |  | 62 |  |  | 2,189 |
2028 |  | 975 |  |  | 7 |  |  | 982 |
Thereafter |  | 25 |  |  | — |  |  | 25 |
Total cash lease payments |  | 23,607 |  |  | 786 |  |  | 24,393 |
Less: amounts representing interest |  | (1,983) |  |  | (105) |  |  | (2,088) |
Total lease liabilities |  | $ | 21,624 |  |  | $ | 681 |  |  | $ | 22,305 |

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 finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance 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_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
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