v3.25.2
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Lease, Cost
The following table provides information regarding the Company’s leases as of December 31, 2024 and 2023:
(in thousands)20242023
Operating lease right-of-use assets$3,135 $4,905 
Operating lease liabilities3,213 5,228 
Operating lease weighted-average remaining lease term4.39 years4.55 years
Operating lease weighted-average discount rate5.01 %3.95 %
The following table presents the Company’s lease expenses for the years ended December 31, 2024, 2023 and 2022:
(in thousands)202420232022
Operating lease expense$1,714 $2,583 $2,414 
Short-term lease expense421 184 220 
Total lease expense$2,135 $2,767 $2,634 
Operating cash outflows from operating leases$2,082 $2,636 $2,382 
Lessee, Operating Lease, Liability, Maturity
The following table sets forth the future minimum lease payment obligations of the Company’s operating leases at December 31, 2024:
(in thousands)2024
2025$968 
2026779 
2027686 
2028651 
2029415 
Thereafter133 
Total future minimum operating lease payments$3,632 
Less imputed interest(419)
Total operating lease liability$3,213