Leases

9 Months Ended

Sep. 30, 2025

Leases [Abstract]

Leases

Leases

Operating lease assets and lease liabilities as reported on the condensed consolidated balance sheets are as follows (dollars in thousands):

	Balance Sheet Classification	September 30, 2025		December 31, 2024
		(unaudited)
Assets
Operating lease assets	Other assets	$	28,761	$	24,477
Total lease assets		$	28,761	$	24,477
Liabilities
Operating lease liabilities, current portion	Accounts payable and accrued liabilities	$	10,790	$	6,889
Operating lease liabilities, long-term	Operating lease liabilities, long-term	31,422		27,382
Total lease liabilities		$	42,212	$	34,271

Supplemental cash flow information related to leases is as follows (dollars in thousands):

	Nine Months Ended September 30,
	2025		2024
	(unaudited)
Cash paid for operating leases	$	14,415	$	13,224
Lease assets obtained for new operating leases	9,941		3,547

Lease obtained from Sage Acquisition

As part of the Sage Acquisition, the Company acquired a lease for office space located in a multi-tenant building located in Cambridge, Massachusetts and classified this as an operating lease. Sages's office space lease term continues through February 28, 2030. See Note 3, Sage Acquisition, for the further discussion on the acquired lease asset and assumed lease liability.