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Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Minimum Rental Commitments under Operating Leases
The minimum rental commitments under these noncancelable operating leases are as follows (in thousands) as of September 30, 2024 and December 31, 2023:
September 30, 2024December 31, 2023
2024$2,678 $9,373 
202510,201 8,549 
20269,468 8,111 
20278,144 7,223 
20286,368 5,496 
Thereafter22,053 19,827 
Total future minimum lease payments$58,912 $58,579 
Discount effect of cash flows(13,064)(13,551)
Present value of net future minimum lease payments$45,848 $45,028 
Additional Information of Lease Expense Additional information (dollar amounts in thousands):
Three Months Ended
Nine Months Ended
Lease expense:September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Operating lease expense$2,266$2,059$6,901$5,937
Short-term lease expense
Variable lease expense302289895810
Total lease expense$2,568$2,348$7,796$6,747
Other information:
Cash paid for amounts included in the measurement of lease liabilities
$1,972$2,136$6,802$6,146
Weighted-average remaining lease term (in years)
7.648.337.758.62
Weighted-average discount rate3.52 %3.43 %3.46 %3.44 %