Leases (Tables)

12 Months Ended

Dec. 31, 2024

The following tables present supplemental balance sheet information related to our financing and operating leases:


	As of December 31, 2024						As of December 31, 2023
In thousands	Operating Leases		Finance Leases		Total		Operating Leases		Finance Leases		Total
Right-of-use Assets	$	21,678	$	782	$	22,460	$	25,288	$	129	$	25,417

Liabilities:
Short-term lease liabilities	3,578		158		3,736		4,773		42		4,815
Long-term lease liabilities	20,235		625		20,860		23,687		4		23,691
Total Lease Liabilities	$	23,813	$	783	$	24,596	$	28,460	$	46	$	28,506

For the years ended December 31, 2024 and 2023, the components of lease expense were as follows:


In thousands	Year Ended December 31, 2024		Year Ended December 31, 2023
Operating lease cost	$	5,315	$	5,526
Finance lease cost
Amortization of right-of-use assets	102		123
Interest on lease liabilities	31		7
Total Finance lease cost	133		130
Variable lease cost	1,875		2,068
Sublease income	(368)		(834)
Total lease cost, net	$	6,955	$	6,890

Other information related to leases was as follows:


In thousands	Year Ended December 31, 2024		Year Ended December 31, 2023
Supplemental Cash Flows Information

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	11,170	$	12,525
Operating cash flows from finance leases	28		21
Financing cash flows from finance leases	124		160

Weighted Average Remaining Lease term (in years)

Operating leases	6.38		6.84
Finance leases	4.53		1.04

Weighted Average Discount Rate
Operating leases	5.74%		5.65%
Finance leases	7.77%		7.76%

The maturities of the Company’s finance and operating lease liabilities as of December 31, 2024 are as follows:


In thousands	Operating Leases		Finance Leases
Year Ending December 31,
2025	$	4,777	$	210
2026	4,219		206
2027	4,190		206
2028	4,094		206
2029	4,132		99
2030 & Beyond	7,264		—
Total future minimum lease payments	28,676		927
Less: Imputed interest	4,863		144
Total lease liabilities	$	23,813	$	783