v3.25.2
Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Components of lease costs and supplemental information related to leases

The tables below present the components of lease costs and supplemental information related to leases as of and for the periods presented.

 

 

 

June 30,
2025

 

 

December 31,
2024

 

 

 

(Dollars in thousands)

 

Lease Assets and Liabilities

 

 

 

 

 

 

ROU assets

 

$

43,770

 

 

$

47,117

 

Total lease liabilities

 

 

46,426

 

 

 

49,617

 

 

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(Dollars in thousands)

 

Lease Cost

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease expense (1)

 

$

2,583

 

 

$

1,841

 

 

$

5,065

 

 

$

3,685

 

Sublease income

 

 

 

 

 

 

 

 

 

 

 

 

Total lease expense

 

$

2,583

 

 

$

1,841

 

 

$

5,065

 

 

$

3,685

 

 

(1)
Includes short-term leases and variable lease costs, which are immaterial.

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the
   measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash outflows from operating
   leases, net

 

$

2,528

 

 

$

1,914

 

 

$

4,798

 

 

$

3,778

 

 

 

 

 

June 30,
2025

 

 

December 31,
2024

 

Lease Term and Discount Rate

 

 

 

 

 

 

Weighted average remaining lease term
   (years)

 

 

9.95

 

 

 

9.99

 

Weighted average discount rate

 

 

6.07

%

 

 

5.95

%

Future lease payments required for leases that have initial or remaining non-cancelable lease terms The future lease payments required for leases that have initial or remaining non-cancelable lease terms in excess of one year as of June 30, 2025, excluding property taxes and insurance, are as follows:

 

 

 

June 30, 2025

 

 

 

(Dollars in thousands)

 

Year:

 

 

 

2025 (excluding the six months ended June 30, 2025)

 

$

4,990

 

2026

 

 

9,163

 

2027

 

 

7,838

 

2028

 

 

6,039

 

2029

 

 

4,315

 

2030

 

 

3,665

 

Thereafter

 

 

29,190

 

Total future lease payments

 

 

65,200

 

Less: Imputed interest

 

 

(18,774

)

Present value of lease liabilities

 

$

46,426