Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.25.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Operating Lease Expense
The components of total operating lease expense are as follows for the periods indicated:
Three Months Ended June 30, Six Months Ended June 30,
(in thousands) 2025 2024 2025 2024
Operating lease costs $ 919  $ 917  $ 1,830  $ 1,826 
Short-term lease costs 133  233  262  375 
Variable lease costs (11) 134  48  289 
Sublease income (272) —  (541) — 
Total operating lease expense $ 769  $ 1,284  $ 1,599  $ 2,490 
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to the operating and financing leases is as follows as of the periods indicated:
(in thousands, except lease term and discount rate) June 30, 2025 December 31, 2024
Operating Leases
Right-of-use operating assets $ 13,527  $ 14,265 
Current maturities of long-term lease obligations $ 2,200  $ 1,960 
Long-term lease obligations $ 18,015  $ 19,191 
Financing Leases
Right-of-use financing assets, net of accumulated amortization (1)
$ 32  $ 37 
Current maturities of long-term lease obligations $ 10  $ 9 
Long-term lease obligations $ 25  $ 30 
Weighted average operating lease term:
 8.4 years 8.8 years
Weighted average financing lease term:
 3.0 years 3.6 years
Weighted average discount rate - operating leases
 10.91% 10.95%
Weighted average discount rate - financing leases
 13.93% 14.06%
__________
(1)Financing leases are included in Property and equipment, net on the Condensed Consolidated Balance Sheets.
Schedule of Operating Lease Maturity
Future minimum lease payments under operating and financing leases at June 30, 2025 are as follows:
(in thousands)  
2025 (excluding the six months ended June 30, 2025) $ 2,089 
2026 4,284 
2027 3,120 
2028 3,119 
2029 3,187 
Thereafter 15,386 
Total 31,185 
Less: Imputed interest (10,935)
Total lease obligations 20,250 
Less: Current maturities of long-term lease obligations
 (2,210)
Long-term lease obligations $ 18,040 
Schedule of Finance Lease Maturity
Future minimum lease payments under operating and financing leases at June 30, 2025 are as follows:
(in thousands)  
2025 (excluding the six months ended June 30, 2025) $ 2,089 
2026 4,284 
2027 3,120 
2028 3,119 
2029 3,187 
Thereafter 15,386 
Total 31,185 
Less: Imputed interest (10,935)
Total lease obligations 20,250 
Less: Current maturities of long-term lease obligations
 (2,210)
Long-term lease obligations $ 18,040