XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Leases | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
Leases | 2. Leases Amounts reported on the Company’s Consolidated Balance Sheets for operating leases were as follows:
|  | December 31, |
|  | 2024 |  |  | 2023 |
|  | (Amounts in Thousands) |
Operating lease assets, net |  | $ | 47,348 |  |  | $ | 45,433 |
Short-term operating lease liabilities |  |  | 12,800 |  |  |  | 11,339 |
Long-term operating lease liabilities |  |  | 41,883 |  |  |  | 39,711 |
Total operating lease liabilities |  | $ | 54,683 |  |  | $ | 51,050 |
Lease Costs Components of lease costs were reported in general and administrative expenses in the Company’s Consolidated Statements of Income as follows:
|  | For the Years Ended December 31, |
|  | (Amounts in Thousands) |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Operating lease costs |  | $ | 13,386 |  |  | $ | 13,026 |  |  | $ | 11,354 |
Short-term lease costs |  |  | 735 |  |  |  | 1,147 |  |  |  | 2,885 |
Total lease costs |  |  | 14,121 |  |  |  | 14,173 |  |  |  | 14,239 |
Less: sublease income |  |  | (2,267 | ) |  |  | (2,770 | ) |  |  | (951 | )
Total lease costs, net |  | $ | 11,854 |  |  | $ | 11,403 |  |  | $ | 13,288 |
Lease Term and Discount Rate Weighted average remaining lease terms and discount rates were as follows:
|  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Operating leases: |  |  |  |  |  |  |  |  |
Weighted average remaining lease term |  |  | 5.48 |  |  |  | 6.26 |  |  |  | 5.82 |
Weighted average discount rate |  |  | 6.20 | % |  |  | 5.47 | % |  |  | 3.98 | %
Maturity of Lease Liabilities Remaining operating lease payments as of December 31, 2024 were as follows:
|  | Operating Leases |
|  | (Amounts in Thousands) |
Due in 12-month period ended December 31, |  |  |
2025 |  | $ | 15,793 |
2026 |  |  | 13,016 |
2027 |  |  | 9,732 |
2028 |  |  | 6,923 |
2029 |  |  | 6,225 |
Thereafter |  |  | 13,269 |
Total future minimum rental commitments |  |  | 64,958 |
Less: Imputed interest |  |  | (10,275 | )
Total lease liabilities |  | $ | 54,683 |
Supplemental Cash Flow Information
|  | For the Years Ended December 31, |
|  | (Amounts in Thousands) |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 14,783 |  |  | $ | 14,396 |  |  | $ | 13,015 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |  |  |  |
Operating leases |  | $ | 15,489 |  |  | $ | 17,221 |  |  | $ | 14,746 |
The Company sublet a portion of its corporate headquarters space in Frisco, Texas in November 2022 to a third party under a two-year sublease term for a monthly base rent of $0.1 million. The sublease expired in January 2025. As the result, the Company recorded $5.0 million in impairment charges on operating lease assets, included within general administrative expenses. Of the $5.0 million in impairment charges on operating lease assets recorded, $2.2 million in exit charges was included.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration