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Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Lease, Cost

The components of lease cost along with its classification on the Company's consolidated statements of operations were as follows:

												Year Ended December 31,
Lease Cost						Classification						2024						2023						2022
												(Amounts in thousands)
Operating lease cost (1)						Other operating expenses						$	9,834					$	11,687					$	14,747
Finance lease cost:
Amortization of assets						Other operating expenses						1,585						1,241						1,288
Interest on lease liabilities						Interest expense						126						40						54
Variable lease cost (1)						Other operating expenses						403						1,100						2,184
Sublease income (2)						Other revenue						(469)						(799)						(492)
Net lease cost												$	11,479					$	13,269					$	17,781

__________ 

(1) Includes short-term leases, which are immaterial.

(2) The Company subleased certain leased office space to third parties in 2024, 2023 and 2022.

Weighted-average lease term and discount rate were as follows:

						December 31,
						2024						2023
Weighted-average remaining lease term (in years):
Operating leases						2.9						2.6
Finance leases						2.4						2.5

Weighted-average discount rate:
Operating leases						5.68		%				4.37		%
Finance leases						2.54		%				1.37		%

Supplemental cash flow and other information related to leases was as follows:

						Year Ended December 31,
						2024						2023						2022
						(Amounts in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases						$	9,485					$	14,023					$	15,815
Operating cash flows from finance leases						68						41						54
Financing cash flows from finance leases						1,533						1,102						1,504
ROU assets obtained in exchange for lease liabilities:
Operating leases						6,924						6,587						4,677
Finance leases						—						—						1,951

Assets And Liabilities, Lease

on the Company's consolidated balance sheets were as follows:

												December 31,
Lease Assets and Liabilities						Classification						2024						2023
												(Amounts in thousands)
Operating lease assets						Operating lease right-of-use assets						$	13,407					$	14,406
Operating lease liabilities						Operating lease liabilities						13,580						14,231
Finance lease assets						Other assets						2,966						2,996
Finance lease liabilities						Other liabilities						2,521						2,841

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities as of December 31, 2024 were as follows:

Year						Operating Leases						Finance Leases
						(Amounts in thousands)
2025						$	6,229					$	1,413
2026						4,368						785
2027						2,485						381
2028						1,184						—
2029						514						—
2030 and thereafter						$	207					$	—
Total lease payments						$	14,987					$	2,579
Less: Imputed interest						1,407						58
Total lease obligations						$	13,580					$	2,521

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- Definition

Assets And Liabilities, Lease [Table Text Block]

+ References

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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