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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Components of Lease Cost

The following tables provide additional information related to our leases, including: (i) the components of our total lease cost; (ii) the cash flows arising from our lease transactions; (iii) supplemental balance sheet information; (iv) the weighted-average remaining lease term; (v) the weighted-average discount rate used for our leases; and (vi) the remaining maturities of our lease liabilities, as of and for the periods indicated.

 

Total lease cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

(In thousands)

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Operating lease cost

 

$

5,140

 

 

$

7,589

 

Short-term lease cost

 

 

211

 

 

 

203

 

Sublease income

 

 

(826

)

 

 

(554

)

Total lease cost

 

$

4,525

 

 

$

7,238

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

(12,209

)

 

$

(12,479

)

Schedule of Operating Leases

Operating leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

($ in thousands)

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Operating leases

 

 

 

 

 

 

Operating lease right-of-use assets (1)

 

$

12,916

 

 

$

16,292

 

Operating lease liabilities (2)

 

 

37,442

 

 

 

44,693

 

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

 

6.8 years

 

 

7.5 years

 

Weighted-average discount rate - operating leases

 

 

7.1

%

 

 

7.0

%

Remaining maturities of lease liabilities for future years is as follows:

 

 

 

 

 

 

2025

 

$

10,539

 

 

 

 

2026

 

 

9,864

 

 

 

 

2027

 

 

9,000

 

 

 

 

2028

 

 

8,591

 

 

 

 

2029

 

 

8,173

 

 

 

 

2030 and thereafter

 

 

20,213

 

 

 

 

Total lease payments

 

 

66,380

 

 

 

 

Less: Imputed interest

 

 

(28,938

)

 

 

 

Present value of lease liabilities (2)

 

$

37,442

 

 

 

 

 

(1)
Classified in other assets in our consolidated balance sheets.
(2)
Classified in other liabilities in our consolidated balance sheets.