v3.26.3
Leases (Tables)
9 Months Ended
Sep. 30, 2026
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.

 

(Dollars in thousands)

 

September 30,
2026

 

 

December 31,
2025

 

Lease Assets and Liabilities

 

 

 

 

 

 

ROU assets

 

$

68,704

 

 

$

43,786

 

Total lease liabilities

 

 

71,645

 

 

 

46,537

 

 

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

(Dollars in thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Lease Cost

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease expense (1)

 

$

4,365

 

 

$

2,566

 

 

$

10,991

 

 

$

7,690

 

Sublease income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total lease expense

 

$

4,365

 

 

$

2,566

 

 

$

10,991

 

 

$

7,690

 

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash outflows from operating
   leases, net

 

$

4,395

 

 

$

2,429

 

 

$

10,891

 

 

$

7,228

 

 

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

 

 

 

 

September 30,
2026

 

 

December 31,
2025

 

Lease Term and Discount Rate

 

 

 

 

 

 

Weighted average remaining lease term (years)

 

 

7.38

 

 

 

9.92

 

Weighted average discount rate

 

 

5.77

%

 

 

6.13

%

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 September 30, 2026, excluding property taxes and insurance, are as follows:

 

 

 

September 30, 2026

 

 

 

(Dollars in thousands)

 

Year:

 

 

 

Remainder of 2026

 

$

4,300

 

2027

 

 

16,840

 

2028

 

 

14,669

 

2029

 

 

12,695

 

2030

 

 

9,949

 

2031

 

 

5,415

 

Thereafter

 

 

27,265

 

Total future lease payments

 

 

91,133

 

Less: Imputed interest

 

 

(19,488

)

Present value of lease liabilities

 

$

71,645