Registration statement under Securities Act of 1933

Leases (Tables)

v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases  
Schedule of Right-of-use Assets and Lease Liabilities

Total ROU assets and lease liabilities are as follows:

 

    2024     2023  
    December 31,  
    2024     2023  
    (In thousands)  
Right-of-use assets:                
Net book value (Other assets)   $ 8,774     $ 10,672  
Operating lease liabilities:                
Current (Accrued expense and other current liabilities)   $ 1,612     $ 2,153  
Noncurrent (Other noncurrent liabilities)     8,361       9,973  
Total operating lease liabilities      9,973       12,126  
Financing lease liabilities:                
Current (Accrued expense and other current liabilities)   $ 142     $ 113  
Noncurrent (Other noncurrent liabilities)     114       203  
Total finance lease liabilities    $ 256     $ 316  
Total lease liabilities   $ 10,229     $ 12,442  
Schedule of Lease-related Balances

Information about lease-related balances were as follows:

 

    2024     2023  
    December 31,  
    2024     2023  
    (In thousands, except years and percentages)  
Operating lease expense   $ 2,830     $ 3,002  
Financing lease expense     175       80  
Short-term lease expense     195       314  
Total lease expense   $ 3,200     $ 3,396  
Cash paid for leases   $ 2,850     $ 2,827  
Weighted – average remaining lease term – operating leases (years)     7.1       7.8  
Weighted – average discount rate – operating leases     9.0 %     8.8 %
Schedule of Maturity of Operating Lease Liabilities

Maturity of operating lease liabilities as of December 31, 2024 are as follows:

 

    (In thousands)  
2025     2,390  
2026     2,430  
2027     2,400  
2028     2,490  
2029     2,585  
Thereafter     6,194  
Total operating lease payments   $ 18,489  
Less portion representing imputed interest     (8,516 )
Total operating lease liabilities   $ 9,973  
Less current portion     1,612  
Long-term portion   $ 8,361