Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Quantitative Information and Other Information Related to Leases

Quantitative information related to leases for the years ended December 31, 2025, 2024 and 2023 is presented in the following table (dollars in thousands):

	For the Year Ended December 31,
	2025			2024			2023
Lease expenses (1)
Operating fixed lease expenses	$	10,330		$	5,213		$	6,410
Finance lease amortization expense		5,116			426			-
Finance lease interest expense		813			81			-
Variable lease expenses		4,483			986			1,401
Sublease income (2)		(401	)		(32	)		(500	)
Total lease expenses	$	20,341		$	6,674		$	7,311
Other information (3)
Gross operating cash flows for operating leases	$	(15,151	)	$	(8,961	)	$	(9,845	)
Gross operating cash flows for finance leases		(6,737	)		(81	)		-
Gross financing cash flows for finance leases		(4,977	)		(398	)		-
Operating cash flows from subleases (2)		401			32			488
	As of December 31, 2025			As of December 31, 2024			As of December 31, 2023
Weighted average remaining lease term (in months) – operating leases		85			92			55
Weighted average remaining lease term (in months) – finance leases		25			37			-
Weighted average discount rate – operating leases		6.3	%		6.1	%		4.9	%
Weighted average discount rate– finance leases		5.9	%		5.9	%		-

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(1)Lease expense and sublease income represent the amount recorded within our consolidated statements of income. Variable lease amounts represent expenses recognized as incurred which are not included in the lease liability.

(2)For certain of our leased locations we have vacated the facility and have fully or partially subleased the space.

(3)Cash flows are presented on a consolidated basis and represent cash payments for fixed and variable lease costs.

Schedule of Future Minimum Lease Payments under Leases Included in Lease Liabilities

As of December 31, 2025, future minimum lease payments under leases which are included in lease liabilities on our consolidated balance sheet are as follows (dollars in thousands):

	Operating Leases Total		Finance Leases Total		Total Lease Liabilities
2026 (1)	$	9,023	$	5,964	$	14,987
2027		10,389		5,325		15,714
2028		7,844		957		8,801
2029		7,113		-		7,113
2030		7,277		-		7,277
2031		7,444				7,444
2032 and thereafter		13,784		-		13,784
Total	$	62,874	$	12,246	$	75,120
Less: imputed interest		13,090		691		13,781
Present value of future minimum lease payments		49,784		11,555		61,339
Less: current lease liabilities		6,032		5,458		11,490
Non-current lease liabilities	$	43,752	$	6,097	$	49,849

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(1) Amounts provided are for unpaid lease obligations remaining as of December 31, 2025.

Schedule of Future Minimum Lease Payments for Sale Leaseback Transactions

Future minimum lease payments for failed sale-leaseback financing transactions as of December 31, 2025 are as follows:

	Sale Leaseback Payments
2026	$	5,043
2027		5,143
2028		5,246
2029		5,351
2030		5,458
2031		5,567
2032 and thereafter		122,259
Total	$	154,067