v3.25.4
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Lease Obligations under Non-cancelable Operating Leases
Future minimum lease payments under non-cancelable operating leases as of December 31, 2025 are as follows ($ in thousands):

Period ending December 31,Minimum Lease Payments
2026$2,597 
20272,232 
20282,306 
20292,409 
20302,409 
Thereafter6,220 
Total undiscounted cash flows18,173 
Present value discount (1)(3,909)
Lease liabilities (2)$14,264 
(1)Lease liabilities were discounted at the Company's weighted average incremental borrowing rate, estimated at the time of lease commencement, for similar collateral, which was 6.59%. The average remaining lease term is 7.4 years.
(2)The Company has a five-year extension option on its corporate headquarters office at 320 Park Avenue, New York, New York, which is not reflected in the total lease liability.