Three Months Ended

March 31,

(Dollars in thousands)

2025

2024

Lease Cost Components:

Amortization of ROU assets – finance leases

$

115

$

117

Interest on lease liabilities – finance leases

7

9

Operating lease cost (cost resulting from lease payments)

9,369

4,277

Short-term lease cost

355

139

Variable lease cost (cost excluded from lease payments)

755

797

Total lease cost

$

10,601

$

5,339

Supplemental Cash Flow and Other Information Related to Leases:

Finance lease – operating cash flows

$

7

$

9

Finance lease – financing cash flows

121

119

Operating lease – operating cash flows (fixed payments)

8,587

4,193

Operating lease – operating cash flows (net change asset/liability)

(4,985)

(3,367)

New ROU assets – operating leases

389,613

2,544

Weighted – average remaining lease term (years) – finance leases

3.20

4.18

Weighted – average remaining lease term (years) – operating leases

13.13

9.09

Weighted – average discount rate - finance leases

1.7%

1.7%

Weighted – average discount rate - operating leases

6.4%

3.2%

Operating lease payments due:

2025 (excluding 3 months ended March 31, 2025)

$

42,228

2026

55,872

2027

54,711

2028

54,507

2029

53,639

Thereafter

491,763

Total undiscounted cash flows

752,720

Discount on cash flows

(264,628)

Total operating lease liabilities

$

488,092