v3.25.2
Leases
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
Operating lease cost details for the three and six months ended June 30, 2025 and 2024 are as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In thousands)2025202420252024
Building rent$201 $204 $432 $516 
Automobile rentals351 330 615 677 
Total net operating lease costs$552 $534 $1,047 $1,193 
At June 30, 2025, the Company’s weighted average remaining lease term for its operating leases is 4.8 years, and the weighted average discount rate for its operating leases is 6%.
During the six months ended June 30, 2025, there were $1.2 million of operating cash payments for lease liabilities and $0.7 million of right-of-use assets obtained in exchange for new lease liabilities.
Maturities of the Company’s operating leases as of June 30, 2025 are as follows:
(In thousands)As of
June 30, 2025
2025$1,465 
20262,551 
20272,133 
20282,017 
20291,168 
Later years1,481 
Less imputed interest(1,406)
Total lease liabilities$9,409