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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Right-of-Use Assets and the Corresponding Lease Liabilities Information regarding the Company's right-of-use assets and the corresponding lease liabilities at the years ended December 31 is as follows:

 

 

 

December 31,
2023

 

 

December 31,
2022

 

 

 

(In thousands)

 

Right-of-use assets

 

$

5,522

 

 

$

6,533

 

Lease liabilities

 

 

5,758

 

 

 

6,792

 

Schedule of Rent Expenses The Company’s rent expense for the years ended December 31 is as follows:

 

 

2023

 

 

2022

 

 

(In thousands)

 

Operating lease expense

$

3,406

 

 

$

3,447

 

Variable and short-term lease expense

 

192

 

 

 

76

 

Rent expense

$

3,598

 

 

$

3,523

 

Schedule of Future Minimum Lease Payments to be Paid under Operating Leases The future minimum lease payments to be paid under operating leases are as follows:

 

 

 

December 31,
2023

 

 

 

(In thousands)

 

2024

 

$

2,552

 

2025

 

 

1,964

 

2026

 

 

837

 

2027

 

 

225

 

2028

 

 

129

 

Thereafter

 

 

942

 

Total future lease payments

 

 

6,649

 

Present value adjustment

 

 

(891

)

Present value of future lease payments

 

$

5,758