v3.25.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Summary of Lease Cost
Lease cost for the three and six months ended June 30, 2025 and 2024 is as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Operating lease cost (1)
$1,130 $839 $2,146 $1,752 
Finance lease cost:
Amortization of right-of-use assets263 259 515 600 
Interest on lease liabilities125 132 252 270 
Total lease cost$1,518 $1,230 $2,913 $2,622 
Reported in:
Cost of goods sold$1,339 $1,090 $2,563 $2,323 
Selling, general and administrative expense179 140 350 299 
Total lease cost$1,518 $1,230 $2,913 $2,622 
(1)Operating lease cost does not include short-term leases or variable costs, all of which are immaterial.
Supplemental cash flow information related to leases for the six months ended June 30, 2025 and 2024 is as follows (in thousands):
Six Months Ended June 30,
20252024
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows for operating leases$1,998 $1,629 
Operating cash flows for finance leases251 262 
Financing cash flows for finance leases482 367 
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases$14,717 $273 
Finance leases458 751 
Net change in operating lease right-of-use assets due to lease modifications resulting in reclassification of leases from operating to finance$(32)$— 
Summary of Future Minimum Payment Obligations for Non-Cancelable Operating Leases
As of June 30, 2025, the estimated future minimum payment obligations for non-cancelable operating and finance leases are as follows (in thousands):
Operating LeasesFinance Leases
Remainder of 2025$2,678 $624 
20265,278 1,205 
20275,208 1,103 
20284,460 1,749 
20294,493 952 
Thereafter20,983 3,291 
Total lease payments43,100 8,924 
Less: imputed interest11,301 2,221 
Present value of lease liabilities$31,799 $6,703