Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.24.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Assets and Liabilities
Total ROU assets and lease liabilities are as follows:
December 31,
2023 2022
(In thousands)
Right-of-use assets:
Net book value (Other assets) $ 10,672  $ 13,545 
Operating lease liabilities:
Current (Accrued expense and other current liabilities) $ 2,153  $ 2,411 
Noncurrent (Other noncurrent liabilities) 9,973  12,201 
12,126  14,612 
Financing lease liabilities:
Current (Accrued expense and other current liabilities) $ 113  $ 35 
Noncurrent (Other noncurrent liabilities) 203  5 
$ 316  $ 40 
Total lease liabilities $ 12,442  $ 14,652 
Lease-Related Balances
Information about lease-related balances were as follows:
December 31,
2023 2022
(In thousands, except years and percentages)
Operating lease expense $ 3,002  $ 2,956 
Financing lease expense 80  36 
Short-term lease expense 314  351 
Total lease expense $ 3,396  $ 3,343 
Cash paid for leases $ 2,827  $ 2,360 
Weighted – average remaining lease term – operating leases (years) 7.8 4.1
Weighted – average discount rate – operating leases 8.8% 8.7%
Future Minimum Lease Payments
Maturity of operating lease liabilities as of December 31, 2023 are as follows:
(In thousands)
2024
 $ 2,806 
2025
 2,360 
2026
 2,402 
2027
 2,400 
2028
 2,490 
Thereafter 8,779 
Total operating lease payments $ 21,237 
Less portion representing imputed interest (9,111)
Total operating lease liabilities $ 12,126 
Less current portion 2,153 
Long-term portion $ 9,973