Leases (Tables)

3 Months Ended

Mar. 31, 2025

Disclosure Of Leases [Abstract]

Disclosure of right-of-use assets and liabilities for operating and finance leases

The table below summarizes the Company’s right-of-use (“ROU”) assets and corresponding liabilities for operating and finance leases:


		March 31,				December 31,
		2025				2024
Operating leases:
ROU assets		$	1,124			$	1,182
Liabilities		$	1,131			$	1,185

Disclosure of operating and finance leases of lessee

The following table summarizes the Company’s operating and finance leases in which the Company is a lessee:


				Renewal		Other Terms and
Class of Assets		Initial Term		Option		Conditions
Operating lease:
Office equipment		36 to 63 months		Yes		(a)
Office space		5 to 9 years		Yes		(a), (b)

(a)

There are no variable lease payments.

(b)

Rent escalation provisions exist.

Disclosure of lease liabilities maturities

As of March 31, 2025, maturities of operating lease liabilities were as follows:


Due in 12 months following March 31,
2025		$	294
2026			303
2027			313
2028			157
2029			115
Thereafter			99
Total lease payments			1,281
Less: interest			150
Total lease obligations		$	1,131

Disclosure of quantitative information of operating and finance leases

The following table provides quantitative information with regard to the Company’s operating and finance leases:


		Three Months Ended
		March 31,
		2025				2024
Lease costs:
Operating lease costs*		$	76			$	68
Short-term lease costs*			80				92
Total lease costs		$	156			$	160
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – operating leases		$	72			$	70
Financing cash flows – finance leases		$	—			$	1

		March 31,
		2025
Weighted-average remaining lease term:
Operating leases (in years)			4.4
Weighted-average discount rate:
Operating leases (%)			6.0	%

* Included in other operating expenses on the consolidated statements of income.

Disclosure of operating leases of lessor entity

The following table summarizes the Company’s operating leases in which the Company is a lessor:


				Renewal		Other Terms and
Class of Assets		Initial Term		Option		Conditions
Operating lease:
Office space		1 to 3 years		Yes		(c)
Retail space		3 to 20 years		Yes		(c)
Boat docks/wet slips		1 to 12 months		Yes		(c)

(c)

There are no purchase options.