v3.25.1
Leases and Leasing Commitments
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases and Leasing Commitments

8. Leases and Leasing Commitments

Supplemental cash flow information related to the Company’s operating and finance leases was as follows:

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

   Financing cash flows for finance leases

 

$

53

 

 

$

77

 

   Operating cash flows for finance leases

 

 

1,491

 

 

 

1,468

 

   Operating cash flows for operating leases

 

 

464

 

 

 

569

 

Right of use assets obtained in exchange for new lease obligations:

 

 

 

 

 

 

   Finance lease liabilities

 

 

-

 

 

 

-

 

   Operating lease liabilities

 

 

-

 

 

 

-

 

 

The components of lease expense were as follows:

 

 

Three Months Ended March 31,

 

Lease expense

 

2025

 

 

2024

 

Finance lease expense:

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

494

 

 

$

588

 

Interest on lease liabilities

 

 

1,664

 

 

 

1,652

 

Operating lease expense

 

 

86

 

 

 

414

 

Short-term lease expense

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

Variable lease expense

 

 

43

 

 

 

74

 

Total lease expense

 

$

2,287

 

 

$

2,728