XML 50 R40.htm IDEA: XBRL DOCUMENT
v3.23.2

OPERATING LEASES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Leases [Abstract] |
Lease, Cost | Total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate is summarized below for the periods indicated:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(dollars in thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Lease cost: |  |  |  |  |  |  |
Operating lease cost | $ | 1,327 |  |  | $ | 1,386 |  |  | $ | 2,652 |  |  | $ | 2,776 |
Variable lease cost | 934 |  |  | 834 |  |  | 1,822 |  |  | 1,664 |
Less: Sublease income | (17) |  |  | (12) |  |  | (34) |  |  | (24) |
Total lease cost | $ | 2,244 |  |  | $ | 2,208 |  |  | $ | 4,440 |  |  | $ | 4,416 |
Other information: |  |  |  |  |  |  |
Operating cash flows from operating leases | $ | (1,302) |  |  | $ | (1,515) |  |  | $ | (2,692) |  |  | $ | (3,021) |
Weighted-average remaining lease term - operating leases | 10.98 years |  | 11.42 years |  | 10.98 years |  | 11.42 years
Weighted-average discount rate - operating leases | 3.96 | % |  | 3.94 | % |  | 3.96 | % |  | 3.94 | %
Lessee, Operating Lease, Liability, Maturity | The following is a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities for the remainder of fiscal year 2023, the next five succeeding fiscal years and all years thereafter:
(dollars in thousands) |  | Undiscounted Cash Flows |  | Lease Liability Discount on Cash Flows |  | Lease Liability
Year Ending December 31, |  |  |
2023 (remainder) |  | $ | 2,433 |  |  | $ | 656 |  |  | $ | 1,777 |
2024 |  | 4,467 |  |  | 1,210 |  |  | 3,257 |
2025 |  | 4,180 |  |  | 1,085 |  |  | 3,095 |
2026 |  | 4,118 |  |  | 965 |  |  | 3,153 |
2027 |  | 4,108 |  |  | 840 |  |  | 3,268 |
2028 |  | 3,509 |  |  | 723 |  |  | 2,786 |
Thereafter |  | 19,683 |  |  | 2,908 |  |  | 16,775 |
Total |  | $ | 42,498 |  |  | $ | 8,387 |  |  | $ | 34,111 |
Operating Lease, Lease Income | The following table presents lease income related to these leases that was recognized for the periods indicated:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(dollars in thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Total rental income recognized | $ | 563 |  |  | $ | 378 |  |  | $ | 1,125 |  |  | $ | 1,329 |
Lessor, Operating Lease, Payments to be Received, Maturity | Based on the Company's leases as lessor as of June 30, 2023, estimated lease payments for the remainder of fiscal year 2023, the next five succeeding fiscal years and all years thereafter are as follows:
(dollars in thousands) |
Year Ending December 31, |
2023 (remainder) | $ | 675 |
2024 | 1,188 |
2025 | 1,073 |
2026 | 939 |
2027 | 899 |
2028 | 532 |
Thereafter | 1,839 |
Total | $ | 7,145 |

X
- 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
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-12 + Details
Name: | us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-6A + Details
Name: | us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration