| Leases |
4. Leases A summary of the Company's lease portfolio as of June 30, 2025, and December 31, 2024, is presented in the table below:
|
|
|
|
|
|
|
|
|
|
|
(U.S. Dollars, in thousands) |
|
Classification |
|
June 30,
2025 |
|
|
December 31,
2024 |
|
|
|
|
|
(Unaudited) |
|
|
|
|
Assets |
|
|
|
|
|
|
Operating leases |
|
Other long-term assets |
|
$ |
24,859 |
|
|
$ |
17,238 |
|
Finance leases |
|
Property, plant, and equipment, net |
|
|
14,908 |
|
|
|
15,386 |
|
Total lease assets |
|
|
|
$ |
39,767 |
|
|
$ |
32,624 |
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
Operating leases |
|
Other current liabilities |
|
$ |
3,048 |
|
|
$ |
4,023 |
|
Finance leases |
|
Current portion of finance lease liability |
|
|
797 |
|
|
|
755 |
|
Long-term |
|
|
|
|
|
|
|
|
Operating leases |
|
Other long-term liabilities |
|
|
26,398 |
|
|
|
14,084 |
|
Finance leases |
|
Long-term portion of finance lease liability |
|
|
17,448 |
|
|
|
17,835 |
|
Total lease liabilities |
|
|
|
$ |
47,691 |
|
|
$ |
36,697 |
|
Supplemental cash flow information related to leases was as follows:
|
|
|
|
|
|
|
|
|
(Unaudited, U.S. Dollars, in thousands) |
|
Six Months Ended
June 30, 2025 |
|
|
Six Months Ended
June 30, 2024 |
|
Cash paid for amounts included in the measurement of lease liabilities |
|
|
|
|
|
|
Operating cash flows from operating leases |
|
$ |
4,407 |
|
|
$ |
4,311 |
|
Operating cash flows from finance leases |
|
|
401 |
|
|
|
417 |
|
Financing cash flows from finance leases |
|
|
375 |
|
|
|
346 |
|
ROU assets obtained in exchange for lease obligations |
|
|
|
|
|
|
Operating leases |
|
|
11,690 |
|
|
|
721 |
|
Finance leases |
|
|
28 |
|
|
|
— |
|
|