v3.25.1
Leases
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases Leases
We have entered into various operating lease agreements for automobiles, offices and manufacturing facilities throughout the world. At March 31, 2025, our operating leases had remaining lease terms of up to 36 years, including any reasonably probable extensions.

Lease balances within our consolidated balance sheets were as follows:
(In thousands)March 31, 2025December 31, 2024
Assets:
Operating lease right-of-use assets$13,555 $14,322 
Liabilities:
Other accrued liabilities$3,472 $3,553 
Long-term operating lease obligations8,576 9,232 
Total lease liabilities$12,048 $12,785 
Operating lease expense, operating lease cash flows and supplemental cash flow information were as follows:
(In thousands)Three Months Ended March 31,
20252024
Cost of sales$316 $708 
Selling, general and administrative expenses1,160 1,151 
Total operating lease expense$1,476 $1,859 
Operating lease expenses from variable and short-term lease costs$373 $307 
Operating cash outflows from operating leases$1,428 $1,745 
Operating lease right-of-use assets obtained in exchange for lease obligations$248 $— 

The weighted average remaining lease liability term and the weighted average discount rate were as follows:
March 31, 2025December 31, 2024
Weighted average lease liability term (in years)4.54.6
Weighted average discount rate5.54 %5.45 %
The following table reconciles the undiscounted cash flows for each of the first five years and thereafter to the operating lease liabilities recognized in our consolidated balance sheets at March 31, 2025. The reconciliation excludes short-term leases that are not recorded in our consolidated balance sheets.
(In thousands)March 31, 2025
2025 (remaining 9 months)$3,124 
20263,771 
20273,026 
20281,373 
2029608 
Thereafter1,820 
Total lease payments13,722 
Less: imputed interest(1,674)
Total lease liabilities$12,048 

At March 31, 2025, we did not have any operating leases that had not yet commenced.