XML 68 R48.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2024
Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]
Future undiscounted lease payments to be received are as follows:
As of December 31, 2024Operating
 Leases
2025$1,184 
20261,286 
20271,302 
20281,318 
20291,331 
Thereafter 
Total lease receipts6,421 
Lease, Cost [Table Text Block] The components of lease costs, net of sub-lessor income, is as follows:
Year Ended December 31,202420232022
Operating lease cost$4,247 $3,904 $3,848 
Short-term lease cost 52 18 
Variable lease cost437 404 317 
Sublease income(1,086)(1,124)(1,132)
Total lease cost$3,598 $3,236 $3,051 
Ambac is required to make variable lease payments under certain leases which primarily relates to variable costs of the lessor, such as taxes, insurance, maintenance and electricity.
Supplemental information related to leases is as follows:
Year Ended December 31,202420232022
Cash paid for amounts included in the measurement of operating lease liabilities$4,432 $4,155 $4,123 
Right-of-use assets obtained in exchange for operating lease liabilities (non-cash)2,256 714 — 
Supplemental balance sheet information related to leases is as follows:
December 31,20242023
Operating leases:
Operating lease right of use assets$18,107 $18,421 
Operating lease liabilities21,543 22,041 
Weighted average remaining lease term:
Operating leases5.1 years6.1 years
Weighted average discount rate:
Operating leases7.8 %7.9 %
Cash Flow, Supplemental Disclosures [Text Block]
Supplemental information related to leases is as follows:
Year Ended December 31,202420232022
Cash paid for amounts included in the measurement of operating lease liabilities$4,432 $4,155 $4,123 
Right-of-use assets obtained in exchange for operating lease liabilities (non-cash)2,256 714 — 
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
Future undiscounted lease payments, gross of sublease receipts, to be made are as follows:
As of December 31, 2024Operating
Leases
2025$5,008 
20265,135 
20275,140 
20285,016 
20294,960 
Thereafter827 
Total lease payments26,086 
Less: imputed interest(4,543)
Total$21,543 
Schedule of Supplemental Cash Flow Information [Table Text Block]
Supplemental Disclosure of Cash Flow Information
Year Ended December 31,202420232022
Cash paid during the period for:
Income taxes$526 $381 $347 
Interest on debt3,821 — — 
Non-cash investing and financing activities:
Ambac common stock issued as partial consideration to acquire Beat29,229 — — 
December 31,202420232022
Reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets to the Consolidated Statements of Cash Flow:
Cash and cash equivalents$29,606 $7,342 $6,329 
Restricted cash17,669 11,881 13,612 
Total cash, cash equivalents, and restricted cash shown on the Consolidated Statements of Cash Flows47,275 19,223 19,941