| Schedule of Lease Expense and Other Information |
Components of lease expense and other information for the periods presented are summarized as follows (in thousands, except terms and rates):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2024 |
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2023 |
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2024 |
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2023 |
| Lease expense |
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| Finance lease expense: |
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| Amortization of right-of-use assets |
$ |
1,714 |
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$ |
1,823 |
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$ |
5,264 |
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$ |
5,571 |
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| Interest on lease liabilities |
344 |
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290 |
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|
992 |
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|
851 |
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| Operating lease expense |
1,423 |
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1,423 |
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4,268 |
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4,268 |
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| Short-term lease expense |
11 |
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2 |
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31 |
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13 |
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| Total lease expense |
$ |
3,492 |
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$ |
3,538 |
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$ |
10,555 |
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$ |
10,703 |
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| Supplemental cash flow information |
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| Finance leases: |
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| Operating cash outflow from finance leases |
$ |
344 |
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$ |
290 |
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$ |
992 |
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$ |
851 |
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| Financing cash outflow from finance leases |
$ |
1,743 |
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$ |
1,859 |
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$ |
5,285 |
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$ |
5,666 |
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| Finance lease liabilities arising from obtaining finance lease right-of-use assets |
$ |
1,671 |
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$ |
1,799 |
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$ |
5,247 |
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$ |
5,438 |
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| Operating leases: |
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| Operating cash outflow from operating leases |
$ |
1,430 |
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$ |
1,396 |
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$ |
4,291 |
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$ |
4,177 |
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| Operating lease liabilities arising from obtaining operating lease right-of-use assets |
$ |
— |
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$ |
— |
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$ |
149 |
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$ |
154 |
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Other information as of September 30, 2024 |
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| Finance leases: |
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| Weighted-average remaining lease term (years) |
1.8 |
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| Weighted-average discount rate |
11.1 |
% |
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| Operating leases: |
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| Weighted-average remaining lease term (years) |
8.3 |
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| Weighted-average discount rate |
3.9 |
% |
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| Schedule of Operating Lease Liability Maturity |
Future maturities of remaining lease payments included in the measurement of operating lease liabilities as of September 30, 2024 are as follows (in thousands):
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| Years ending December 31, |
| Remaining 2024 |
$ |
1,430 |
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| 2025 |
5,701 |
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| 2026 |
5,843 |
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| 2027 |
5,989 |
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| 2028 |
6,139 |
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| Thereafter |
26,695 |
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| Total |
51,797 |
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| Less: imputed interest |
(7,710) |
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| Present value of operating lease obligations |
$ |
44,087 |
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| Schedule of Finance Lease Liability Maturity |
Future minimum lease payments for the Company’s finance leases as of September 30, 2024 were as follows (in thousands):
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| Years ending December 31, |
| Remaining 2024 |
$ |
2,155 |
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| 2025 |
6,676 |
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| 2026 |
3,960 |
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| 2027 |
1,396 |
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| 2028 |
— |
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| Thereafter |
— |
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| Total |
14,187 |
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| Less: amounts representing interest |
(1,583) |
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| Present value of finance lease obligations |
$ |
12,604 |
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