Quarterly report pursuant to Section 13 or 15(d)

Leases

v3.23.3
Leases
 9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Leases
Note H – Leases
The Company has entered into and acquired long-term leasing arrangements for the right to use various classes of underlying assets including facilities, vehicles and office equipment.
Total Lease Costs
The table below summarizes total lease costs for the following periods:
Three Months Ended Nine Months Ended
September 30,
2023		 September 30,
2022		 September 30,
2023		 September 30,
2022
Finance lease cost:
Amortization of ROU assets $ 119  $ —  $ 311  $ — 
Interest on lease liabilities 27  —  71  — 
Operating lease costs 1,153  874  3,146  2,350 
Variable lease costs 6  —  17  — 
Short-term lease costs —  55  90  227 
Total lease costs $ 1,305  $ 929  $ 3,635  $ 2,577 
Total lease costs are included in selling, general and administrative expenses and cost of sales on the condensed consolidated statements of operations and comprehensive income (loss).

Other Supplemental Information
The table below presents other supplemental information related to the Company’s leases for the following periods:
Three Months Ended
September 30, 2023 September 30, 2022
Operating Leases Finance Leases Operating Leases Finance Leases
Cash paid for lease liabilities $ 1,070  $ 133  $ 825  $ — 
Right-of-use assets obtained in exchange for new lease liabilities 84  275  3,739  — 
Nine Months Ended
September 30, 2023 September 30, 2022
Operating Leases Finance Leases Operating Leases Finance Leases
Cash paid for lease liabilities $ 3,130  $ 351  $ 2,112  $ — 
Right-of-use assets obtained in exchange for new lease liabilities 3,418  726  7,368  — 
September 30, 2023 September 30, 2022
Operating Leases Finance Leases Operating Leases Finance Leases
Weighted average remaining lease term (in years) 4.6 3.7 2.9 0.0
Weighted average discount rate 6.4  % 8.6  % 5.2  % —  %
Leases
Note H – Leases
The Company has entered into and acquired long-term leasing arrangements for the right to use various classes of underlying assets including facilities, vehicles and office equipment.
Total Lease Costs
The table below summarizes total lease costs for the following periods:
Three Months Ended Nine Months Ended
September 30,
2023		 September 30,
2022		 September 30,
2023		 September 30,
2022
Finance lease cost:
Amortization of ROU assets $ 119  $ —  $ 311  $ — 
Interest on lease liabilities 27  —  71  — 
Operating lease costs 1,153  874  3,146  2,350 
Variable lease costs 6  —  17  — 
Short-term lease costs —  55  90  227 
Total lease costs $ 1,305  $ 929  $ 3,635  $ 2,577 
Total lease costs are included in selling, general and administrative expenses and cost of sales on the condensed consolidated statements of operations and comprehensive income (loss).

Other Supplemental Information
The table below presents other supplemental information related to the Company’s leases for the following periods:
Three Months Ended
September 30, 2023 September 30, 2022
Operating Leases Finance Leases Operating Leases Finance Leases
Cash paid for lease liabilities $ 1,070  $ 133  $ 825  $ — 
Right-of-use assets obtained in exchange for new lease liabilities 84  275  3,739  — 
Nine Months Ended
September 30, 2023 September 30, 2022
Operating Leases Finance Leases Operating Leases Finance Leases
Cash paid for lease liabilities $ 3,130  $ 351  $ 2,112  $ — 
Right-of-use assets obtained in exchange for new lease liabilities 3,418  726  7,368  — 
September 30, 2023 September 30, 2022
Operating Leases Finance Leases Operating Leases Finance Leases
Weighted average remaining lease term (in years) 4.6 3.7 2.9 0.0
Weighted average discount rate 6.4  % 8.6  % 5.2  % —  %