v3.26.1
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
Rockwell leases its production facilities and administrative offices as well as certain equipment used in its operations including leases on transportation equipment used in the delivery of its products. The lease terms range from monthly to six years. Rockwell occupies a 51,000 square foot facility and a 17,500 square foot facility in Wixom, Michigan under a lease expiring in August 2027. Rockwell also occupies a 51,000 square foot facility in Grapevine, Texas. The lease, which previously expired in December 2025, was extended in January 2026 for a 62-month term through February 2031, resulting in the recognition of a right-of-use asset and corresponding lease liability of approximately $2.5 million. Additionally, Rockwell occupies a lease for a 16,800 square foot storage facility in Allentown, Pennsylvania, that expires in April 2030.
The following summarizes quantitative information about the Company’s operating and finance leases (table in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating Leases
Operating Lease Cost$477 $488 $1,000 $914 
Variable Lease Cost97 137 167 265 
Operating Lease Expense574 625 1,167 1,179 
Finance Leases
Amortization of Right-of-Use Assets101 139 203 278 
Interest on Lease Obligations10 20 22 43 
Finance Lease Expense111 159 225 321 
Short-term Lease Rent Expense6 6 11 11 
Total Lease Expense$691 $790 $1,403 $1,511 
Other Information
Operating Cash Flows from Operating Leases$472 $469 $891 $902 
Operating Cash Flows from Finance Leases$10 $20 $22 $43 
Financing Cash Flows from Finance Leases$117 $148 $232 $294 
June 30,
20262025
Weighted-average Remaining Lease Term – Operating Leases3.62.8
Weighted-average Remaining Lease Term – Finance Leases1.22.0
Weighted-average Discount Rate – Operating Leases9.9 %7.8 %
Weighted-average Discount Rate – Finance Leases6.8 %6.5 %
Future minimum rental payments under operating and finance lease agreements are as follows (table in thousands):
OperatingFinance
Year ending December 31, 2026 (Remaining)$927 $251 
Year ending December 31, 20271,533 311 
Year ending December 31, 2028973 — 
Year ending December 31, 2029953 — 
Year ending December 31, 2030794 — 
Remaining future payments117 — 
Total5,297 562 
Less Present Value Discount(908)(21)
Operating and Finance Lease Liabilities$4,389 $541 
Leases Leases
Rockwell leases its production facilities and administrative offices as well as certain equipment used in its operations including leases on transportation equipment used in the delivery of its products. The lease terms range from monthly to six years. Rockwell occupies a 51,000 square foot facility and a 17,500 square foot facility in Wixom, Michigan under a lease expiring in August 2027. Rockwell also occupies a 51,000 square foot facility in Grapevine, Texas. The lease, which previously expired in December 2025, was extended in January 2026 for a 62-month term through February 2031, resulting in the recognition of a right-of-use asset and corresponding lease liability of approximately $2.5 million. Additionally, Rockwell occupies a lease for a 16,800 square foot storage facility in Allentown, Pennsylvania, that expires in April 2030.
The following summarizes quantitative information about the Company’s operating and finance leases (table in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating Leases
Operating Lease Cost$477 $488 $1,000 $914 
Variable Lease Cost97 137 167 265 
Operating Lease Expense574 625 1,167 1,179 
Finance Leases
Amortization of Right-of-Use Assets101 139 203 278 
Interest on Lease Obligations10 20 22 43 
Finance Lease Expense111 159 225 321 
Short-term Lease Rent Expense6 6 11 11 
Total Lease Expense$691 $790 $1,403 $1,511 
Other Information
Operating Cash Flows from Operating Leases$472 $469 $891 $902 
Operating Cash Flows from Finance Leases$10 $20 $22 $43 
Financing Cash Flows from Finance Leases$117 $148 $232 $294 
June 30,
20262025
Weighted-average Remaining Lease Term – Operating Leases3.62.8
Weighted-average Remaining Lease Term – Finance Leases1.22.0
Weighted-average Discount Rate – Operating Leases9.9 %7.8 %
Weighted-average Discount Rate – Finance Leases6.8 %6.5 %
Future minimum rental payments under operating and finance lease agreements are as follows (table in thousands):
OperatingFinance
Year ending December 31, 2026 (Remaining)$927 $251 
Year ending December 31, 20271,533 311 
Year ending December 31, 2028973 — 
Year ending December 31, 2029953 — 
Year ending December 31, 2030794 — 
Remaining future payments117 — 
Total5,297 562 
Less Present Value Discount(908)(21)
Operating and Finance Lease Liabilities$4,389 $541