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Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Components of Lease Expense
The following table presents the components of lease expense for the periods ended:
Three months ended June 30,Six months ended June 30,
(in thousands)2025202420252024
Operating lease cost$1,401 $1,463 $2,818 $2,897 
Short-term lease cost49 55 95 107 
Variable lease cost (income)(6)10 (16)23 
Total lease cost$1,444 $1,528 $2,897 $3,027 
Supplemental Cash Flow Information Related to Leases
The following table presents supplemental cash flow information related to leases for the periods ended:
Three months ended June 30,Six months ended June 30,
(in thousands)2025202420252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$1,486 $1,579 $2,996 $3,147 
ROUA obtained in exchange for operating lease liabilities$535 $99 $1,006 $1,426 
Weighted Average Operating Lease Term And Discount Rate
The following table presents the weighted average operating lease term and discount rate as of the period ended:
June 30,
20252024
Weighted-average remaining lease term (years)7.37.9
Weighted-average discount rate3.58 %3.45 %
Future Expected Operating Lease Payments
At June 30, 2025, future expected operating lease payments are as follows:
(in thousands)
Periods ending December 31,
2025$2,838 
20265,290 
20274,632 
20283,366 
20292,396 
Thereafter8,807 
27,329 
Discount for present value of expected cash flows(3,364)
Lease liability at June 30, 2025$23,965