Leases (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Leases [Abstract] |
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| Schedule of Operating and Finance Leases Recorded in Consolidated Balance Sheet |
Operating and finance lease amounts from continuing operations included in the unaudited condensed consolidated balance sheets are as follows (in thousands):
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| Classification |
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Financial Statement Line Item |
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March 31, 2026 |
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December 31, 2025 |
| Long-term Assets |
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Right-of-use assets, operating leases |
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$ |
9,221 |
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$ |
9,368 |
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| Long-term Assets |
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Property, plant and equipment |
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978 |
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1,060 |
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| Current liabilities |
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Current portion of lease liabilities, operating leases |
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733 |
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712 |
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| Current liabilities |
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Current portion of lease liabilities, finance leases |
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335 |
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331 |
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| Non-current liabilities |
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Non-current portion of lease liabilities, operating leases |
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11,301 |
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11,496 |
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| Non-current liabilities |
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Non-current portion of lease liabilities, finance leases |
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722 |
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808 |
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| Schedule of Operating and Finance Leases Discount Rates, Total Lease Cost and Weighted Average Remaining Leases |
Individual components of the total lease cost incurred by the Company are as follows:
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Three Months Ended March 31, |
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| (in thousands) |
2026 |
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2025 |
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Operating lease cost1
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$ |
359 |
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$ |
957 |
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| Finance lease cost: |
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| Amortization of right-of-use assets |
82 |
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75 |
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| Interest on finance lease liabilities |
16 |
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18 |
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| Sublease income |
(211) |
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(147) |
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| Total lease cost |
$ |
246 |
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$ |
903 |
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1Includes short term leases, which are immaterial
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| Weighted-average remaining lease term |
March 31, 2026 |
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December 31, 2025 |
| Operating leases |
10.26 years |
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10.50 years |
| Finance leases |
2.98 years |
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3.23 years |
| Weighted-average discount rate |
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| Operating leases |
7.18 |
% |
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7.18 |
% |
| Finance leases |
5.94 |
% |
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5.94 |
% |
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| Schedule of Maturities For Sub Leases |
Future expected cash receipts from the Company's sublease as of March 31, 2026 are as follows:
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| (in thousands) |
Sublease Receipts |
| Remainder of 2026 |
$ |
446 |
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| 2027 |
606 |
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| 2028 |
618 |
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| 2029 |
631 |
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| 2030 |
643 |
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| Thereafter |
3,954 |
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| Total sublease receipts |
$ |
6,898 |
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| Schedule of Maturities For Operating Leases After Adoption of 842 |
The amounts of undiscounted future minimum lease payments under leases in continuing operations as of March 31, 2026 are as follows:
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| (in thousands) |
Operating |
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Finance |
| Remainder of 2026 |
$ |
1,170 |
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$ |
291 |
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| 2027 |
1,589 |
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387 |
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| 2028 |
1,622 |
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387 |
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| 2029 |
1,655 |
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86 |
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| 2030 |
1,589 |
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64 |
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| Thereafter |
9,566 |
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— |
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| Total undiscounted minimum future lease payments |
17,191 |
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1,215 |
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| Imputed interest |
(5,157) |
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(158) |
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| Present value of lease liabilities |
$ |
12,034 |
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$ |
1,057 |
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| Schedule of Maturities For Finance Leases After Adoption of 842 |
The amounts of undiscounted future minimum lease payments under leases in continuing operations as of March 31, 2026 are as follows:
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| (in thousands) |
Operating |
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Finance |
| Remainder of 2026 |
$ |
1,170 |
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$ |
291 |
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| 2027 |
1,589 |
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387 |
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| 2028 |
1,622 |
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387 |
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| 2029 |
1,655 |
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86 |
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| 2030 |
1,589 |
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64 |
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| Thereafter |
9,566 |
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— |
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| Total undiscounted minimum future lease payments |
17,191 |
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1,215 |
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| Imputed interest |
(5,157) |
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(158) |
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| Present value of lease liabilities |
$ |
12,034 |
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$ |
1,057 |
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