LEASES (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of components of operating lease expense

For the years ended December 31, 2024 and 2023, the components of operating lease expense were as follows (in thousands):


	December 31,			December 31,
	2024			2023
Fixed operating lease expense	$	6,610	$	6,748
Variable operating lease expense		735		646
Short-term lease expense		826		1,375
	$	8,171	$	8,769

Schedule of supplemental cash flow information related to the operating and finance leases

Supplemental cash flow information related to the Company’s operating and finance leases for the years ended December 31, 2024 and 2023 are as follows (in thousands):


	December 31,
	2024		2023
Cash paid for operating leases	$	6,418	$	5,765
Cash paid for interest on finance lease obligations	$	405	$	376
Assets acquired under operating leases	$	6,011	$	6,517
Operating lease assets obtained in acquisitions	$	378	$	224

Schedule of weighted average remaining lease term and discount rates


	December 31,
	2024			2023
Weighted average remaining lease term (in years)		5.73			6.00
Weighted average discount rate		4.71	%		4.25	%

Schedule of maturity of the operating lease liabilities

The following table presents the maturity of the Company’s operating and finance lease liabilities as of December 31, 2024 (in thousands):


	Operating Leases		Finance Leases
2025		6,111		831
2026		5,460		848
2027		4,721		867
2028		3,569		886
2029		2,504		906
Thereafter		5,527		6,978
Total undiscounted cash flows	$	27,892	$	11,316
Less: present value discount		(3,387)		(2,708)
Total lease liabilities	$	24,505	$	8,608

Schedule of maturity of the financing lease liabilities

The following table presents the maturity of the Company’s operating and finance lease liabilities as of December 31, 2024 (in thousands):


	Operating Leases		Finance Leases
2025		6,111		831
2026		5,460		848
2027		4,721		867
2028		3,569		886
2029		2,504		906
Thereafter		5,527		6,978
Total undiscounted cash flows	$	27,892	$	11,316
Less: present value discount		(3,387)		(2,708)
Total lease liabilities	$	24,505	$	8,608

ALLIENT INC 10-K