v3.25.1
Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Maturity Analysis of Undiscounted Payments for Operating Lease Liabilities and Reconciliation with Carrying Amount of Lease Liability

The table below depicts a maturity analysis of the Company’s undiscounted payments for its operating lease liabilities and their reconciliation with the carrying amount of lease liability presented in the statement of financial position as of March 31, 2025:

 

In thousands

 

Undiscounted lease payments

 

Remainder of 2025

 

$

2,605

 

2026

 

 

3,289

 

2027

 

 

2,129

 

2028

 

 

1,978

 

2029

 

 

2,011

 

2030 and thereafter

 

 

1,262

 

Total undiscounted payments

 

$

13,274

 

Discount Adjustments

 

$

(2,934

)

Current operating lease liability

 

$

2,400

 

Long-term operating lease liability

 

$

7,940

 

Summary of Components of Lease Income

The components of lease income are as follows:

 

 

For the Three Months Ended March 31,

 

In thousands

 

2025

 

 

2024

 

Interest income from sales-type leases

 

$

15

 

 

$

16

 

Operating lease income

 

 

249

 

 

 

249

 

Total

 

$

264

 

 

$

265

 

Summary of Future Minimum Sales Type Lease and Operating Lease Receivables

Future minimum sales-type lease and operating lease receivables as of March 31, 2025 are as follows:

In thousands

 

Sales-Type Leases

 

 

Operating Leases

 

Remainder of 2025

 

$

90

 

 

$

773

 

2026

 

 

122

 

 

 

1,051

 

2027

 

 

125

 

 

 

1,073

 

2028

 

 

127

 

 

 

1,096

 

2029

 

 

130

 

 

 

1,118

 

2030 and thereafter

 

 

88

 

 

 

759

 

Total

 

$

682

 

 

$

5,870