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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Additional Leases Information See below for additional information about the Company’s leases.

 

 

Three Months Ended March 31,

($ in thousands)

 

2025

 

2024

Supplemental Income Statement Information:

 

 

 

 

 

 

 

 

Operating lease cost

 

 $

7,193

 

 

 $

6,184

 

 

 

 

 

 

 

 

 

 

Supplemental Cash Flow Information:

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

Net operating cash inflows/(outflows) for operating leases

 

 $

(6,534)

 

 

 $

(5,924)

 

Right-of-use assets obtained in exchange for lease obligations (e.g. new leases and amendments commenced during the period)

 

 $

693

 

 

 $

218

 

 

 

 

 

 

 

 

 

 

Other Information:

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases (in years)

 

 

10.60

 

 

 

11.80

 

Weighted-average discount rate - operating leases

 

 

4.21

%

 

 

3.99

%

Schedule of Future Sublease Income and Maturities of Our Operating Lease Liabilities

As of March 31, 2025, the future sublease income and maturities of our operating lease liabilities are as follows:

Fiscal year ended

 

Sublease Income

 

Operating Leases

Remainder of 2025

 

$

(217)

 

$

19,390

2026

 

 

 

 

26,477

2027

 

 

 

 

26,978

2028

 

 

 

 

26,840

2029

 

 

 

 

26,200

Thereafter

 

 

 

 

155,292

Total Payments

 

$

(217)

 

$

281,177

 

 

 

 

 

 

 

Less: Tenant improvement allowances

 

 

(4,995)

Less: Present value adjustment

 

 

(56,107)

Total

 

$

220,075