v3.24.0.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Product Warranty Liability The following table provides the changes in our product warranties, which are included in other current liabilities:

 

 

 

Year ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Warranty, beginning of period

 

$

618

 

 

$

856

 

 

$

1,039

 

Warranty costs accrued

 

 

721

 

 

 

380

 

 

 

674

 

Settlements of warranty claims

 

 

(669

)

 

 

(618

)

 

 

(857

)

Warranty, end of period

 

$

670

 

 

$

618

 

 

$

856

 
Components of the Right-of-Use Assets and Lease Liabilities

The components of the right-of-use assets and lease liabilities were as follows:

 

 

 

Balance Sheet Classification

 

December 31, 2023

 

 

 

 

 

(in thousands)

 

Right-of-use assets

 

Other assets

 

$

7,006

 

 

 

 

 

 

 

Lease liability obligations, current

 

Other current liabilities

 

$

1,251

 

Lease liability obligations, noncurrent

 

Other liabilities

 

 

6,481

 

Total lease liability obligations

 

 

 

$

7,732

 

Weighted-average remaining lease term (in years)

 

 

 

 

5.8

 

Weighted-average discount rate

 

 

 

 

4.3

%
Schedule of Future Minimum Rental Payments for Operating Leases

Approximate future minimum lease payments for the Company’s right of use assets over the remaining lease periods as of December 31, 2023:

 

 

 

(in thousands)

 

2024

 

$

1,437

 

2025

 

 

1,451

 

2026

 

 

1,361

 

2027

 

 

1,383

 

2028

 

 

1,201

 

Thereafter

 

 

1,980

 

Total minimum payments

 

 

8,813

 

Less: Imputed interest

 

 

(1,081

)

Total

 

$

7,732