Leases (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure Of Leases [Abstract]

Disclosure of right-of-use assets and liabilities for operating and finance leases

The table below summarizes the Company’s ROU assets and corresponding liabilities for operating and finance leases:

	December 31,
	2023		2022
Operating leases:
ROU assets	$	1,407	$	777
Liabilities	$	1,408	$	721
Finance leases:
ROU assets	$	1	$	80
Liabilities	$	2	$	13

Disclosure of operating and finance leases of lessee

The following table summarizes the Company’s operating and finance leases in which the Company is a lessee:

		Renewal	Other Terms and
Class of Assets	Initial Term	Option	Conditions
Operating lease:
Office equipment	36 to 63 months	Yes	(a)
Office space	5 to 9 years	Yes	(a), (b)
Finance lease:
Office equipment	3.25 years	Not applicable	(c)

(a) There are no variable lease payments.

(b) Rent escalation provisions exist.

(c) There is a bargain purchase option.

Disclosure of lease liabilities maturities

As of December 31, 2023, maturities of lease liabilities were as follows:

	Leases
	Operating		Finance
Due in Year
2024	$	285	$	2
2025		294		—
2026		304		—
2027		313		—
2028		211		—
Thereafter		248		—
Total lease payments		1,655		2
Less: interest		247		—
Total lease obligations	$	1,408	$	2

Disclosure of quantitative information of operating and finance leases

The following table provides quantitative information with regards to the Company’s operating and finance leases:

	Years Ended December 31,
	2023			2022
Lease costs:
Finance lease costs:
Amortization – ROU assets*	$	21		$	16
Interest expense		—			1
Operating lease costs*		280			1,219
Short-term lease costs*		360			408
Total lease costs	$	661		$	1,644
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – finance leases	$	—		$	1
Operating cash flows – operating leases	$	215		$	1,194
Financing cash flows – finance leases	$	12		$	18
	December 31, 2023
Weighted-average remaining lease term:
Finance leases (in years)		0.8
Operating leases (in years)		5.6
Weighted-average discount rate:
Finance leases (%)		2.4	%
Operating leases (%)		6.1	%

* Included in other operating expenses on the consolidated statements of income.

Disclosure of operating leases of lessor entity

The following table summarizes the Company’s operating leases in which the Company is a lessor:

		Renewal	Other Terms
Class of Assets	Initial Term	Option	and Conditions
Operating lease:
Office space	1 to 3 years	Yes	(e)
Retail space	3 to 20 years	Yes	(e)
Boat docks/wet slips	1 to 12 months	Yes	(e)

(e) There are no purchase options.