v3.26.1
Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Components of Lease Expense

The components of lease expense were as follows (in thousands):

 

 

Years Ended December 31,

 

 

 

2023

 

 

2024

 

Operating lease cost

 

$

2,503

 

 

$

2,315

 

Short-term lease cost

 

 

387

 

 

 

301

 

Variable lease costs

 

 

726

 

 

 

733

 

Total lease expense

 

$

3,616

 

 

$

3,349

 

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases were as follows (in thousands, except lease term and discount rate):

 

 

 

Balance Sheet Caption

 

December 31, 2023

 

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

Operating leases:

 

 

 

 

 

 

 

 

Operating lease assets

 

Operating lease assets

 

$

7,894

 

 

$

6,254

 

Current lease liabilities

 

Other current liabilities

 

$

1,531

 

 

$

1,232

 

Noncurrent lease liabilities

 

Noncurrent operating lease liabilities

 

$

6,595

 

 

$

8,942

 

Weighted average remaining lease term (years):

 

 

 

 

 

 

 

 

Operating leases

 

 

 

 

7.99

 

 

 

9.69

 

Weighted average discount rate:

 

 

 

 

 

 

 

 

Operating leases

 

 

 

 

6.87

%

 

 

7.03

%

Supplemental Cash Flow Information

Supplemental cash flow information related to leases were as follows (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2023

 

 

2024

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

2,484

 

 

$

1,923

 

Right-of-use assets obtained on operating lease commencements

 

$

6,027

 

 

$

115

 

Remaining Maturities on Lease Liabilities

Remaining maturities on lease liabilities at December 31, 2024 is as follows (in thousands):

 

 

 

Operating leases

 

2025

 

 

1,893

 

2026

 

 

1,374

 

2027

 

 

1,398

 

2028

 

 

1,280

 

2029

 

 

990

 

Thereafter

 

 

7,735

 

Total lease payments

 

 

14,670

 

Less: interest

 

 

(4,496

)

Present value of lease liabilities

 

$

10,174