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v3.25.1

Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Lease, Cost | A summary of the balances relating to the Company’s lease assets and liabilities as of December 31, 2024 and 2023 consisted of the following (in thousands):
| Balance Sheet Location |  | December 31, 2024 |  | December 31, 2023
Assets |  |  |  |  |
Operating leases | Operating lease right-of-use assets, net |  | $ | 3,193 |  |  | $ | 4,991 |
Equipment finance leases | Property and equipment, net |  | 730 |  |  | 5,931 |
Total lease assets |  |  | 3,923 |  |  | 10,922 |
Liabilities |  |  |  |  |
Current |  |  |  |  |
Operating leases | Other current liabilities |  | 3,028 |  |  | 1,664 |
Equipment finance leases | Other current liabilities |  | 1,054 |  |  | 2,005 |
Sub-total |  |  | 4,082 |  |  | 3,669 |
Non-current |  |  |  |  |
Operating leases | Other non-current liabilities |  | 16,656 |  |  | 3,511 |
Equipment finance leases | Other non-current liabilities |  | 418 |  |  | 1,472 |
Sub-total |  |  | 17,074 |  |  | 4,983 |
Total lease liabilities |  |  | $ | 21,156 |  |  | $ | 8,652 |
The finance lease cost during the years ended December 31, 2024 and 2023 consisted of the following (in thousands):
|  |  |  |  | Years Ended December 31,
|  | Income Statement Location |  |  | 2024 |  | 2023
Amortization |  | Cost of goods sold |  |  | $ | 945 |  |  | $ | 1,378 |
Interest accretion on finance lease liabilities |  | Other expense, net |  |  | 214 |  |  | 418 |
Total |  |  |  |  | $ | 1,159 |  |  | $ | 1,796 |
Schedule of Supplemental Cash Flow Information, Weighted-Average Remaining Lease Term and Discount Rate | The weighted-average remaining lease term and discount rates, as well as supplemental cash flow information for the years ended December 31, 2024 and 2023 consisted of the following (in thousands for the supplemental cash flow information):
|  | Years Ended December 31,
|  | 2024 |  | 2023
Supplemental cash flow information: |  |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 3,913 |  |  | $ | 1,860 |
Right-of-use assets obtained in exchange for operating lease obligations |  | $ | — |  |  | $ | — |
Weighted average remaining lease term: |  |  |  |
Operating leases |  | 7.1 years |  | 2.9 years
Equipment finance leases |  | 0.9 years |  | 1.5 years
Weighted average discount rate: |  |  |  |
Operating lease - incremental borrowing rate |  | 8.9 | % |  | 5.5 | %
Equipment finance leases - rate implicit in the lease |  | 5.9 | % |  | 6.5 | %
Schedule of Operating Leases, Maturity Analysis | A summary of the undiscounted cash flows and a reconciliation to the Company’s lease liabilities as of December 31, 2024 consisted of the following (in thousands):
|  | December 31, 2024
|  | Operating Leases |  | Equipment Finance Leases |  | Total
2025 |  | $ | 4,601 |  |  | $ | 1,119 |  |  | $ | 5,720 |
2026 |  | 4,413 |  |  | 317 |  |  | 4,730 |
2027 |  | 2,684 |  |  | 129 |  |  | 2,813 |
2028 |  | 2,647 |  |  | — |  |  | 2,647 |
2029 |  | 2,728 |  |  | — |  |  | 2,728 |
Thereafter |  | 9,934 |  |  | — |  |  | 9,934 |
Total future minimum lease payments |  | $ | 27,007 |  |  | $ | 1,565 |  |  | $ | 28,572 |
Less: imputed interest |  | 7,323 |  |  | 93 |  |  | 7,416 |
Present value of Lease Liabilities |  | $ | 19,684 |  |  | $ | 1,472 |  |  | $ | 21,156 |
Schedule of Finance Lease, Liability, Maturity Analysis | A summary of the undiscounted cash flows and a reconciliation to the Company’s lease liabilities as of December 31, 2024 consisted of the following (in thousands):
|  | December 31, 2024
|  | Operating Leases |  | Equipment Finance Leases |  | Total
2025 |  | $ | 4,601 |  |  | $ | 1,119 |  |  | $ | 5,720 |
2026 |  | 4,413 |  |  | 317 |  |  | 4,730 |
2027 |  | 2,684 |  |  | 129 |  |  | 2,813 |
2028 |  | 2,647 |  |  | — |  |  | 2,647 |
2029 |  | 2,728 |  |  | — |  |  | 2,728 |
Thereafter |  | 9,934 |  |  | — |  |  | 9,934 |
Total future minimum lease payments |  | $ | 27,007 |  |  | $ | 1,565 |  |  | $ | 28,572 |
Less: imputed interest |  | 7,323 |  |  | 93 |  |  | 7,416 |
Present value of Lease Liabilities |  | $ | 19,684 |  |  | $ | 1,472 |  |  | $ | 21,156 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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 lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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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 Lease, Supplemental Cash Flow Information + References No definition available. + Details
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