Three Months Ended

Nine Months Ended

September 30,

(Dollars in thousands)

2024

2023

2024

2023

Lease Cost Components:

Amortization of ROU assets – finance leases

$

117

$

117

$

350

$

350

Interest on lease liabilities – finance leases

8

10

26

31

Operating lease cost (cost resulting from lease payments)

4,025

4,296

12,658

12,814

Short-term lease cost

144

104

467

318

Variable lease cost (cost excluded from lease payments)

704

852

2,457

2,327

Total lease cost

$

4,998

$

5,379

$

15,958

$

15,840

Supplemental Cash Flow and Other Information Related to Leases:

Finance lease – operating cash flows

$

8

$

10

$

26

$

31

Finance lease – financing cash flows

120

111

357

331

Operating lease – operating cash flows (fixed payments)

4,450

4,233

12,862

12,483

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

(3,436)

(3,400)

(10,103)

(10,008)

New ROU assets – operating leases

—

9,093

701

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

3.69

4.68

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

8.63

9.47

Weighted – average discount rate - finance leases

1.7%

1.7%

Weighted – average discount rate - operating leases

3.4%

3.1%

Operating lease payments due:

2024 (excluding 9 months ended September 30, 2024)

$

4,300

2025

16,467

2026

15,964

2027

14,797

2028

14,138

Thereafter

61,258

Total undiscounted cash flows

126,924

Discount on cash flows

(18,392)

Total operating lease liabilities

$

108,532