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Leases
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases LEASES
Operating Leases as a Lessee
Our lease expense is a component of "Occupancy expense" on our condensed consolidated statements of earnings. The following table presents the components of lease expense for the periods indicated:
Three Months EndedNine Months Ended
September 30,September 30,
2025202420252024
(In thousands)
Operating lease expense:
Fixed costs$7,205 $7,689 $21,501 $26,051 
Variable costs36 299 271 447 
Short-term lease costs233 267 679 407 
Sublease income(1,065)(1,129)(3,353)(3,646)
Net lease expense$6,409 $7,126 $19,098 $23,259 
The following table presents supplemental cash flow information related to leases for the periods indicated:
Nine Months Ended
September 30,
20252024
(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$24,064 $28,689 
ROU assets obtained in exchange for lease obligations:
Operating leases$22,540 $3,437 
The following table presents supplemental balance sheet and other information related to operating leases as of the dates indicated:
September 30,December 31,
20252024
(Dollars in thousands)
Operating leases:
Operating lease right-of-use assets, net$101,520 $100,092 
Operating lease liabilities$123,254 $124,355 
Weighted average remaining lease term (in years)5.85.9
Weighted average discount rate3.75 %3.53 %
The following table presents the maturities of operating lease liabilities as of the date indicated:
September 30, 2025
(In thousands)
Period ending December 31,
2025$7,763 
202630,882 
202724,621 
202820,453 
202916,540 
Thereafter37,729 
Total operating lease liabilities137,988 
Less: Imputed interest(14,734)
Present value of operating lease liabilities$123,254 
Operating Leases as a Lessor
We provide equipment financing to our customers through operating leases where we facilitate the purchase of equipment leased to our customers. The equipment is shown on the condensed consolidated balance sheets as "Equipment leased to others under operating leases" and is depreciated to its estimated residual value at the end of the lease term, shown as "Leased equipment depreciation" in the condensed consolidated statements of earnings, according to our fixed asset accounting policy. We receive periodic rental income payments under the leases, which are recorded as "Leased equipment income" in the condensed consolidated statements of earnings. The equipment is tested periodically for impairment. No impairment was recorded on "Equipment leased to others under operating leases" during the nine months ended September 30, 2025 and 2024.
The following table presents the rental payments to be received on operating leases as of the date indicated:
September 30, 2025
(In thousands)
Period ending December 31,
2025$8,710 
202635,630 
202729,290 
202826,424 
202924,917 
Thereafter45,985 
Total undiscounted cash flows$170,956