Leases |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases | 6. Leases During May 2025, the Company assumed a warehouse lease as part of the OES Acquisition with a term through 2029. The Company recorded $0.1 million in lease expense for the three and six months ended June 30, 2025, included in Selling, general and administrative expense in the unaudited condensed consolidated statements of operations and comprehensive income. Operating lease supplemental cash flow information is as follows:
The Company determined that the discount rate implied in the lease was determinable and was closely aligned with the lessors third party borrowing rate based on the payment terms of the lease which was designed for the lease payments to cover the property owners financing and related costs.
The weighted-average remaining lease terms and discount rates are as follows:
Operating lease liabilities annual maturities are as follows:
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