XML 68 R48.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases  
Summary of net lease expense

Year Ended December 31,

(dollars in thousands)

  

2024

  

2023

 

2022

Operating lease expense

$

8,665

$

8,167

$

8,883

Short-term lease expense

26

26

Variable lease expense

2,177

2,112

2,135

Finance lease expense:

Amortization of right-of-use assets

  

  

1

Total finance lease expense

  

1

Less: Sublease income

(654)

(649)

(637)

Net lease expense

$

10,188

$

9,656

$

10,408

Summary of other information related to the Company's lease liabilities

Year Ended December 31, 

(dollars in thousands)

  

2024

2023

2022

Supplemental Cash Flows Information

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows paid for operating leases

$

8,277

$

7,636

$

8,418

Right-of-use assets obtained in exchange for new lease obligations:

Operating leases

$

5,396

$

4,775

$

4,676

Weighted Average Remaining Lease Term

Operating leases (years)

20.5

21.3

22.2

Weighted Average Discount Rate

Operating leases

3.22

%

3.11

%

2.98

%

Summary of future minimum rental payments under noncancellable leases

Net Operating

Lease

(dollars in thousands)

  

Payments

Year ending December 31:

2025

$

7,814

2026

6,133

2027

5,126

2028

4,545

2029

4,483

Thereafter

59,712

Total future minimum lease payments

87,813

Less: Imputed interest

(24,793)

Total

$

63,020

Summary of future minimum rental income under noncancellable operating leases

The following table sets forth future minimum rental income under noncancelable operating leases with terms in excess of one year as of December 31, 2024:

Minimum

Rental

(dollars in thousands)

  

Income

Year ending December 31:

2025

$

6,229

2026

5,736

2027

4,031

2028

3,039

2029

2,236

Thereafter

2,969

Total

$

24,240