Leases (Tables)
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6 Months Ended |
Jun. 30, 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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June 30, 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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$ |
9,074 |
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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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895 |
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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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754 |
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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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340 |
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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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11,105 |
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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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635 |
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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 June 30, |
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Six Months Ended June 30, |
| (in thousands) |
2026 |
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2025 |
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2026 |
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2025 |
Operating lease cost1
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$ |
359 |
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$ |
768 |
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$ |
718 |
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$ |
1,721 |
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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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165 |
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151 |
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| Interest on finance lease liabilities |
15 |
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18 |
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31 |
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36 |
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| Sublease income |
(146) |
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(114) |
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(357) |
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(261) |
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| Total lease cost |
$ |
310 |
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$ |
747 |
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$ |
557 |
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$ |
1,647 |
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1Includes short term leases, which are immaterial
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| Weighted-average remaining lease term |
June 30, 2026 |
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December 31, 2025 |
| Operating leases |
10.02 years |
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10.50 years |
| Finance leases |
2.74 years |
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3.23 years |
| Weighted-average discount rate |
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| Operating leases |
7.19 |
% |
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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 June 30, 2026 are as follows:
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| (in thousands) |
Sublease Receipts |
| Remainder of 2026 |
$ |
299 |
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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 |
$ |
6,751 |
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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 June 30, 2026 are as follows:
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| (in thousands) |
Operating |
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Finance |
| Remainder of 2026 |
$ |
782 |
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$ |
194 |
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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 |
9,567 |
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— |
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| Total undiscounted minimum future lease payments |
16,804 |
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1,118 |
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| Imputed interest |
(4,945) |
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(143) |
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| Present value of lease liabilities |
$ |
11,859 |
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$ |
975 |
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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 June 30, 2026 are as follows:
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| (in thousands) |
Operating |
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Finance |
| Remainder of 2026 |
$ |
782 |
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$ |
194 |
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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 |
9,567 |
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— |
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| Total undiscounted minimum future lease payments |
16,804 |
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1,118 |
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| Imputed interest |
(4,945) |
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(143) |
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| Present value of lease liabilities |
$ |
11,859 |
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$ |
975 |
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