v3.25.2
Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Components of Lease Expense and Other lease Information

For the Three Months

For the Six Months

Ended June 30,

Ended June 30,

(in thousands)

 

2025

 

2024

 

2025

 

2024

Operating lease cost

$

1,081

$

1,153

$

2,230

$

2,334

Variable lease cost

459

260

787

508

Sublease income

(42)

(42)

(85)

(85)

Total lease cost

$

1,498

$

1,371

$

2,932

$

2,757

Cash paid for amounts included in measurement of lease liabilities

Operating cash outflows from operating leases

$

1,017

$

1,105

$

2,245

$

2,168

ROU assets obtained in exchange for new operating lease liabilities

$

467

$

333

$

480

$

3,789

(in thousands)

 

June 30, 2025

 

December 31, 2024

Operating lease ROU assets

$

12,540

$

14,016

Operating lease liabilities

$

14,219

$

15,711

Weighted-average remaining lease term - operating leases

5.89

years 

6.01

years

Weighted-average discount rate - operating leases

3.72

%

3.63

%

Schedule of Future Minimum Lease Payments under Non-cancellable Leases

(in thousands)

 

June 30, 2025

2025

$

2,143

2026

3,947

2027

2,529

2028

1,617

2029

1,470

2030

887

Thereafter

3,602

Total future minimum lease payments

$

16,195

Less imputed interest

(1,976)

Total operating lease liability

$

14,219