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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Schedule of Lease Expense, Payments for Operating Leases, and Information Related to Lease Term and Discount Rates
Our expenses and payments for operating leases were as follows:
Three Months EndedSix Months Ended
(Dollars in thousands)June 30, 2023June 30, 2022June 30, 2023June 30, 2022
Operating leases expense$856 $552 $1,847 $1,244 
Short-term leases expense$220 $130 $358 $252 
Payments on operating lease obligations$928 $699 $1,735 $1,568 
The following table includes information regarding the lease term and discount rates utilized in the calculation of the present value of net future minimum lease payments:
Finance
Leases
Operating
Leases
Weighted Average Remaining Lease Term4.4 years6.2 years
Weighted Average Discount Rate4.04%5.35%
Schedule of Assets and Liabilities Balance Related To Finance and Operating Leases
Our assets and liabilities balances related to finance and operating leases reflected in the condensed consolidated statements of financial position were as follows:
(Dollars in thousands)Location in Statements of
Financial Position
June 30, 2023December 31, 2022
Finance lease right-of-use assetsProperty, plant and equipment, net$1,638 $1,749 
Operating lease right-of-use assetsOther long-term assets$11,216 $13,013 
Finance lease obligations, current portionFinance lease obligations, current portion$355 $498 
Finance lease obligations, non-current portionFinance lease obligations, non-current portion$1,253 $1,295 
Total finance lease obligations$1,608 $1,793 
Operating lease obligations, current portionOther accrued liabilities$2,696 $2,842 
Operating lease obligations, non-current portionOther long-term liabilities$8,604 $10,689 
Total operating lease obligations$11,300 $13,531 
Schedule of Finance Lease Liability Maturity
The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of June 30, 2023:
FinanceOperating
(Dollars in thousands)Leases SignedLess: Leases Not Yet CommencedLeases in EffectLeases SignedLess: Leases Not Yet CommencedLeases in Effect
2023218 (4)214 1,846 (69)1,777 
2024427 (15)412 2,974 (198)2,776 
2025428 (16)412 2,322 (174)2,148 
2026420 (16)404 1,734 (113)1,621 
2027210 (16)194 1,226 (14)1,212 
Thereafter161 (12)149 3,970 (4)3,966 
Total lease payments1,864 (79)1,785 14,072 (572)13,500 
Less: Interest(187)10 (177)(2,239)39 (2,200)
Present Value of Net Future Minimum Lease Payments1,677 (69)1,608 11,833 (533)11,300 
Schedule of Operating Lease Liability Maturity
The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of June 30, 2023:
FinanceOperating
(Dollars in thousands)Leases SignedLess: Leases Not Yet CommencedLeases in EffectLeases SignedLess: Leases Not Yet CommencedLeases in Effect
2023218 (4)214 1,846 (69)1,777 
2024427 (15)412 2,974 (198)2,776 
2025428 (16)412 2,322 (174)2,148 
2026420 (16)404 1,734 (113)1,621 
2027210 (16)194 1,226 (14)1,212 
Thereafter161 (12)149 3,970 (4)3,966 
Total lease payments1,864 (79)1,785 14,072 (572)13,500 
Less: Interest(187)10 (177)(2,239)39 (2,200)
Present Value of Net Future Minimum Lease Payments1,677 (69)1,608 11,833 (533)11,300