Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.25.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Summary of Operating Lease Information
The table below summarizes the Company’s operating lease portfolio related to continuing operations (dollars in thousands).
December 31, 2024 December 31, 2023
ROU assets $ 20,533 $ 23,399
Lease liabilities 28,474 31,250
Weighted average remaining lease term (in years) 7.91 8.54
Weighted average discount rate 6.41  % 6.46  %
Summary of Lease Cost and Other Information
The table below summarizes the Company’s net operating lease cost related to continuing operations (in thousands):
For the year ended December 31, 2024 For the year ended December 31, 2023
Operating lease cost $ 6,084  $ 6,777 
Short-term lease cost 171  607 
  Total operating and short-term lease cost 6,255  7,384 
Variable lease cost 649  694 
Sublease income (2,150) (546)
Net lease cost $ 4,754  $ 7,532 

The table below summarizes other information related to the Company’s operating leases in continuing operations (in thousands):
For the year ended December 31, 2024 For the year ended December 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 5,796  $ 6,297 
Leased assets obtained in exchange for new operating lease liabilities 1,322  388 
Maturity Analysis of Operating Leases
The following table presents a maturity analysis of operating leases and a reconciliation of the undiscounted cash flows to lease liabilities as of December 31, 2024 (in thousands):
Year Ending December 31, Amount
2025 $ 5,312 
2026 5,149 
2027 4,814 
2028 3,505 
2029 3,278 
Thereafter 14,863 
Total undiscounted lease payments 36,921 
Less: Amounts representing interest (8,447)
Total lease liabilities $ 28,474