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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
The Company leases office space under operating leases expiring at various dates through 2038. For the years ended December 31, 2024, 2023 and 2022, the Company incurred operating lease costs of $7.3 million, $2.5 million, and $1.7 million respectively. For operating leases, the weighted-average remaining term is 10.4, 12.3, and 7.2 years with a weighted-average discount rate of 10%, 10%, and 5% for the years ended December 31, 2024, 2023, and 2022 respectively.
Maturities of lease liabilities as of December 31, 2024 were as follows (in thousands):
2025$7,725 
20267,510 
20277,209 
20286,974 
20296,469 
Thereafter29,136 
Total lease payments65,023 
Less imputed interest(23,937)
Total$41,086 
The following amounts relate to operating leases that were recorded on the Company's Consolidated Balance Sheets at December 31, 2024 and 2023 (in thousands):
20242023
Operating lease right of use assets:
Other assets$41,354 $16,858 
Operating lease liabilities:
Accrued other liabilities3,790 1,647 
Other long-term liabilities37,296 15,034 
The Company recorded right of use assets in exchange for new lease liabilities of $25.9 million, $15.3 million, and $2.7 million during the years ended December 31, 2024, 2023, and 2022, respectively.