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Leases (Tables) | 9 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
Schedule of Quantitative Information and Other Information Related to Leases | Quantitative information related to leases is presented in the following table (dollars in thousands):
| For the Quarter Ended September 30, 2024 |  | For the Year to Date Ended September 30, 2024 |
Lease expenses (1) |  |  |  |
Fixed lease expenses - operating | $ | 1,104 |  | $ | 3,670 |
Variable lease expenses - operating |  | 207 |  |  | 544 |
Total lease expenses | $ | 1,311 |  | $ | 4,214 |
Other information |  |  |  |
Gross operating cash flows for operating leases (2) | $ | (2,031 | ) | $ | (6,513 | )
| For the Quarter Ended September 30, 2023 |  | For the Year to Date Ended September 30, 2023 |
Lease expenses (1) |  |  |  |
Fixed lease expenses - operating | $ | 1,572 |  | $ | 4,906 |
Variable lease expenses - operating |  | 193 |  |  | 1,154 |
Sublease income (3) |  | - |  |  | (500 | )
Total lease expenses | $ | 1,765 |  | $ | 5,560 |
Other information |  |  |  |
Gross operating cash flows for operating leases (2) | $ | (2,139 | ) | $ | (7,722 | )
Operating cash flows from subleases (2) | $ | - |  | $ | 488 |
| As of September 30, 2024 |  | As of September 30, 2023 |
Weighted average remaining lease term (in months) – operating leases |  | 68 |  |  | 57 |
Weighted average discount rate – operating leases |  | 5.2 | % |  | 4.8 | %
__________________ (1) Lease expense and sublease income represent the amount recorded within our consolidated statements of income. Variable lease amounts represent expenses recognized as incurred which are not included in the lease liability. Fixed lease expenses and sublease income are recorded on a straight-line basis over the lease term and therefore are not necessarily representative of cash payments during the same period. (2) Cash flows are presented on a consolidated basis and represent cash payments for fixed and variable lease costs. (3) Historically, for certain of our leased locations we had vacated the facility and had fully or partially subleased the space. As of September 30, 2024, we no longer have any subleased locations.

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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 + Details
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- References No definition available. + Details
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