Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Operating and Finance Lease Terms and Discount Rates

The table below presents certain information related to the weighted average discount rate and weighted average remaining lease term for the Company’s leases as of March 31, 2024 and December 31, 2023:

	March 31,		December 31,
(In thousands)	2024		2023
Weighted average discount rate - operating leases	4.3	%	4.3	%
Weighted average discount rate - finance leases	8.4	%	8.3	%
Weighted average remaining lease term in years - operating leases	6.2		6.4
Weighted average remaining lease term in years - finance leases	3.9		4.1

Schedule of Lease Expense

The components of lease expense for the three months ended March 31, 2024 and 2023 were as follows:

	Three Months Ended March 31,
(In thousands)	2024		2023
Operating lease costs	$	804	$	897
Financing lease costs	59		—
Short-term lease costs	442		402
Total operating lease costs	1,305		1,299
Variable lease costs	361		259
Total lease costs	$	1,666	$	1,558

Schedule of Maturities of Operating Lease Liabilities

Maturities of our lease liabilities as of March 31, 2024 are as follows:

(In thousands)	Operating Leases		Financing Leases
2024 (9 months remaining)	$	2,471	$	349
2025	3,030		424
2026	2,574		389
2027	2,280		387
2028	2,042		134
Thereafter	4,896		-
Total lease payments	17,293		1,683
Less: interest	(2,069)		(245)
Total present value of lease liabilities	$	15,224	$	1,438

Schedule of Maturities of Finance Lease Liabilities

Maturities of our lease liabilities as of March 31, 2024 are as follows:

(In thousands)	Operating Leases		Financing Leases
2024 (9 months remaining)	$	2,471	$	349
2025	3,030		424
2026	2,574		389
2027	2,280		387
2028	2,042		134
Thereafter	4,896		-
Total lease payments	17,293		1,683
Less: interest	(2,069)		(245)
Total present value of lease liabilities	$	15,224	$	1,438