v3.25.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Operating and Finance Leases Recorded in Consolidated Balance Sheet
Operating and finance lease amounts from continuing operations included in the unaudited condensed consolidated balance sheet are as follows (in thousands):
ClassificationFinancial Statement Line ItemJune 30, 2025December 31, 2024
Long-term AssetsRight-of-use assets, operating leases$15,401 $28,140 
Long-term AssetsProperty, plant and equipment1,077 1,227 
Current liabilitiesCurrent portion of lease liabilities, operating leases1,016 1,495 
Current liabilitiesCurrent portion of lease liabilities, finance leases301 293 
Non-current liabilitiesNon-current portion of lease liabilities, operating leases18,823 29,972 
Non-current liabilitiesNon-current portion of lease liabilities, finance leases862 1,015 
Schedule of Operating and Finance Leases Discount Rates, Total Lease Cost and Weighted Average Remaining Leases
Individual components of the total lease cost incurred by the Company are as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Operating lease cost1
$768 $980 $1,721 $1,960 
Finance lease cost:
Amortization of right-of-use assets75 78 151 160 
Interest on finance lease liabilities18 22 36 44 
Sublease income(114)(92)(261)(184)
Total lease cost$747 $988 $1,647 $1,980 
1Includes short term leases, which are immaterial
Weighted-average remaining lease termJune 30, 2025December 31, 2024
Operating leases11.07 years11.59 years
Finance leases3.64 years4.13 years
Weighted-average discount rate
Operating leases7.64 %7.15 %
Finance leases5.93 %5.75 %
Schedule of Maturities For Sub Leases
Future expected cash receipts from the Company's sublease as of June 30, 2025 are as follows:
(in thousands)Sublease Receipts
Remainder of 2025$293 
2026594 
2027606 
2028618 
2029631 
Thereafter4,597 
Total sublease receipts$7,339 
Schedule of Maturities For Operating Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases in continuing operations as of June 30, 2025 are as follows:
(in thousands)OperatingFinance
Remainder of 2025$1,247 $180 
20262,481 361 
20272,532 361 
20282,584 303 
20292,637 85 
Thereafter18,310 — 
Total undiscounted minimum future lease payments29,791 1,290 
Imputed interest(9,952)(127)
Present value of lease liabilities$19,839 $1,163 
Schedule of Maturities For Finance Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases in continuing operations as of June 30, 2025 are as follows:
(in thousands)OperatingFinance
Remainder of 2025$1,247 $180 
20262,481 361 
20272,532 361 
20282,584 303 
20292,637 85 
Thereafter18,310 — 
Total undiscounted minimum future lease payments29,791 1,290 
Imputed interest(9,952)(127)
Present value of lease liabilities$19,839 $1,163