Our lease expense is a component of "Occupancy expense" on our consolidated statements of earnings. The following table presents the components of lease expense for the periods indicated:


	Three Months Ended March 31,

	2026		2025
	(In thousands)
Operating lease expense:
Fixed costs	$	6,944	$	6,969
Variable costs	47		112
Short-term lease costs	252		235
Sublease income	(1,066)		(1,132)
Net lease expense	$	6,177	$	6,184

The following table presents supplemental cash flow information related to leases for the periods indicated:


	Three Months Ended March 31,

	2026		2025
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	7,848	$	8,323
ROU assets obtained in exchange for lease obligations:
Operating leases	$	3,546	$	3,942

The following table presents supplemental balance sheet and other information related to operating leases as of the dates indicated:


	March 31, 2026			December 31, 2025
	(Dollars in thousands)
Operating leases:
Operating lease ROU assets, net	$	97,034		$	99,205
Operating lease liabilities	$	117,416		$	120,587

Weighted average remaining lease term (in years)	5.6			5.8
Weighted average discount rate	3.80		%	3.79		%

The following table presents the maturities of operating lease liabilities as of the date indicated:


	March 31, 2026
	(In thousands)
Period ending December 31,
2026	$	23,655
2027	26,089
2028	22,476
2029	17,918
2030	14,112
Thereafter	26,823
Total operating lease liabilities	131,073
Less: Imputed interest	(13,657)
Present value of operating lease liabilities	$	117,416

We provide equipment financing to our customers through operating leases where we facilitate the purchase of equipment leased to our customers. The equipment is shown on the consolidated balance sheets as "Equipment leased to others under operating leases" and is depreciated to its estimated residual value at the end of the lease term, shown as "Leased equipment depreciation" in the consolidated statements of earnings. Periodic lease payments received under the leases, are recorded as "Leased equipment income" in the consolidated statements of earnings. The valuation of equipment is tested periodically for impairment. No impairment was recorded on "Equipment leased to others under operating leases" during the three months ended March 31, 2026 and 2025.