XML 49 R38.htm IDEA: XBRL DOCUMENT v3.25.0.1
Operating Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Operating Lease Related Assets And Liabilities And Other Related Information

The table below presents the operating lease-related right-of-use assets and related liabilities recorded on the Company’s balance sheet and the weighted average remaining lease term and discount rate as of December 31, 2024 and 2023 (dollars in thousands):

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

Assets:

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

34,089

 

 

$

61,693

 

Liabilities:

 

 

 

 

 

 

Current portion of operating lease liabilities

 

 

12,704

 

 

 

21,076

 

Long-term portion of operating lease liabilities

 

 

31,945

 

 

 

47,238

 

Other Information:

 

 

 

 

 

 

Weighted-average remaining lease term

 

4.2 years

 

 

4.6 years

 

Weighted average discount rate

 

 

5.9

%

 

 

5.5

%

Lease, Cost

The table below presents certain information related to the lease costs for operating leases during the years ended December 31, 2024 and 2023 (in thousands):

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

Operating lease costs

 

$

20,194

 

 

$

23,200

 

Variable lease costs

 

 

6,999

 

 

 

5,854

 

Other operating lease costs

 

 

3,329

 

 

 

3,613

 

Total operating lease costs

 

$

30,522

 

 

$

32,667

 

Operating Leases Cash Flow Related Information

The table below presents supplemental cash flow information related to operating leases during the years ended December 31, 2024 and 2023 (in thousands):

 

 

 

December 31, 2024

 

 

December 31, 2023

 

Operating cash flows for operating leases

 

$

34,532

 

 

$

35,747

 

Lessee, Operating Lease, Liability, Maturity

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the balance sheet as of December 31, 2024 (in thousands):

 

 

 

December 31, 2024

 

 2025

 

$

13,691

 

 2026

 

 

12,230

 

 2027

 

 

9,688

 

 2028

 

 

6,363

 

 2029

 

 

3,271

 

Thereafter

 

 

4,644

 

Total minimum lease payments

 

 

49,887

 

Less: Amount of payments representing interest

 

 

(5,238

)

Present value of future minimum lease payments

 

 

44,649

 

Less: Current obligations

 

 

(12,704

)

Long-term portion of operating leases

 

$

31,945