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 June 30,				Six Months Ended June 30,

	2026		2025		2026		2025
	(In thousands)
Operating lease expense:
Fixed costs	$	7,107	$	7,327	$	14,051	$	14,296
Variable costs	45		124		92		236
Short-term lease costs	237		210		489		445
Sublease income	(1,098)		(1,156)		(2,164)		(2,288)
Net lease expense	$	6,291	$	6,505	$	12,468	$	12,689

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


	Six Months Ended June 30,

	2026		2025
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	15,889	$	16,273
ROU assets obtained in exchange for lease obligations:
Operating leases	$	7,253	$	18,671

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


	June 30, 2026			December 31, 2025
	(Dollars in thousands)
Operating leases:
Operating lease ROU assets, net	$	94,777		$	99,205
Operating lease liabilities	$	114,160		$	120,587

Weighted average remaining lease term (in years)	5.5			5.8
Weighted average discount rate	3.83		%	3.79		%

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


	June 30, 2026
	(In thousands)
Period ending December 31,
2026	$	15,806
2027	27,502
2028	23,167
2029	18,519
2030	14,730
Thereafter	27,464
Total operating lease liabilities	127,188
Less: Imputed interest	(13,028)
Present value of operating lease liabilities	$	114,160

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 six months ended June 30, 2026 and 2025.