Leases |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leases [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leases | Leases As of March 31, 2025, the Company had 16 facilities contracted under various non-cancelable operating leases, most of which provide options to the Company to extend the lease periods and include periodic rent adjustments. Lease expense for both of the three-month periods ended March 31, 2025 and March 31, 2024 amounted to $423 thousand. Variable lease costs and short-term lease expenses included in lease expense during these periods were immaterial. The weighted average remaining lease term for operating leases at March 31, 2025 and March 31, 2024 was 27.4 years and 28.2 years, respectively. The weighted average discount rate was 3.55% at both March 31, 2025 and March 31, 2024. At March 31, 2025, the remaining undiscounted cash flows by year of these lease liabilities were as follows:
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