LEASES (Tables)

12 Months Ended

Dec. 31, 2025

The following table summarizes the operating lease ROU assets as of December 31, 2025, which are included in Property and Equipment, Net on the Consolidated Balance Sheets.


	December 31, 2025
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
ROU assets - office buildings	$	22,690	$	15,960	$	6,730

Schedule of Maturity of Lease Liabilities

Future maturities of operating lease liabilities as of December 31, 2025 were as follows (in thousands). The present value of the future minimum lease payments represents the Company’s operating lease liabilities as of December 31, 2025 and

are included in “Other Liabilities” on the consolidated balance sheets.


	December 31, 2025
2026	$	4,648
2027	3,834
2028	1,948
2029	410
Thereafter	—
Total future minimum lease payments	10,840
Less: Imputed interest	(1,647)
Present value of future minimum lease payments	$	9,193

Schedule of Supplemental Cash Flow Information

ASU 2023-09 requires entities to provide additional disclosures about income taxes paid by jurisdiction. Applying these updated requirements on a prospective basis, cash payments made for income taxes, net of refunds, are as follows (in thousands):


	Year Ended December 31, 2025
California	$	291
Massachusetts	80
Pennsylvania	47
Other	91
Total Income Taxes Paid, Net of Refunds Received	$	509

Supplemental cash flow information related to the Company’s operating leases is as follows (dollars in thousands):


	Years Ended December 31,
	2025		2024		2023
Non-cash operating activity:
ROU assets obtained or adjusted in exchange for new, amended and modified operating lease liabilities	$	—	$	35	$	(697)

Schedule of Value Used In Determining Present Value of Leases

The weighted-average remaining lease term and discount rate used in the calculation of the Company’s operating lease assets and liabilities are as follows (dollars in thousands):


	December 31, 2025


Weighted-average remaining lease term	2.51 years
Weighted-average discount rate	11.16	%