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Leases (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Lease Expense, Supplemental Cash Flow and Weighted-average Remaining Lease Term
The components of lease costs are as follows:
For the Three Months EndedFor the Nine Months Ended
(Dollars in Thousands)September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Operating lease expense$2,699 $3,814 $8,865 $9,357 
Variable lease expense632 800 1,921 1,962 
Short-term lease expense75 61 198 187 
Total lease expense (1)
$3,406 $4,675 $10,984 $11,506 
(1) These amounts include $0.1 million and $0.1 million for the three months ended September 30, 2025 and September 30, 2024, respectively, and $0.4 million and $0.4 million for the nine months ended September 30, 2025 and September 30, 2024, respectively, in operating lease expense from related parties. See Note 17 (Related Party Transactions) for further details.
Supplemental cash flow information and non-cash activity related to our operating leases are as follows:
For the Nine Months Ended
(Dollars in Thousands)September 30, 2025September 30, 2024
Operating cash flow information:
Operating cash flow from operating leases (1)
$6,271 $6,276 
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations$3,977 $6,442 
(1) These amounts include $0.4 million and $0.4 million for the nine months ended September 30, 2025 and 2024, respectively, in operating cash flow from operating leases from related parties. See Note 17 (Related Party Transactions) for further details.
Weighted-average remaining lease term and discount rate for our operating leases are as follows:
As of September 30, 2025As of December 31, 2024
Weighted-average remaining lease term11.2911.46
Weighted-average discount rate6.29 %5.99 %
Schedule of Future Minimum Lease Payments
Future minimum lease payments for the Company’s operating leases as of September 30, 2025, are as follows:
Future Minimum Rental Operating Leases
(Dollars in Thousands)
Rest of 2025$3,200 
20269,425 
20278,719 
20288,210 
20296,973 
2030 and beyond54,964 
Total lease payments91,491 
Less: Imputed interest27,769 
Present value of lease liabilities$63,722