XML 50 R39.htm IDEA: XBRL DOCUMENT v3.24.2

OPERATING LEASES (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Lease, Cost

The following table presents total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate for the periods presented:

			Three Months Ended June 30,												Six Months Ended June 30,
(dollars in thousands)			2024						2023						2024						2023
Lease cost:
Operating lease cost			$	1,437					$	1,327					$	2,740					$	2,652
Variable lease cost			927						934						1,862						1,822
Less: Sublease income			—						(17)						—						(34)
Total lease cost			$	2,364					$	2,244					$	4,602					$	4,440
Other information:
Operating cash flows from operating leases			$	(1,425)					$	(1,302)					$	(2,682)					$	(2,692)
Weighted-average remaining lease term - operating leases			10.87 years						10.98 years						10.87 years						10.98 years
Weighted-average discount rate - operating leases			4.09		%				3.96		%				4.09		%				3.96		%

Lessee, Operating Lease, Liability, Maturity

The following table presents a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities as of June 30, 2024, for the remainder of fiscal year 2024, 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,
2024 (remainder)						$	2,443					$	644					$	1,799
2025						4,499						1,179						3,320
2026						4,441						1,050						3,391
2027						4,428						915						3,513
2028						3,611						794						2,817
2029						3,144						688						2,456
Thereafter						18,965						2,839						16,126
Total						$	41,531					$	8,109					$	33,422

Operating Lease, Lease Income

The following table presents lease income related to these leases that was recognized for the periods presented:

			Three Months Ended June 30,												Six Months Ended June 30,
(dollars in thousands)			2024						2023						2024						2023
Total rental income recognized			$	511					$	563					$	1,020					$	1,125

Lessor, Operating Lease, Payments to be Received, Maturity

The following table presents estimated lease payments, based on the Company's leases as lessor as of June 30, 2024, for the remainder of fiscal year 2024, the next five succeeding fiscal years, and all years thereafter:

(dollars in thousands)
Year Ending December 31,
2024 (remainder)			$	644
2025			1,157
2026			1,015
2027			960
2028			608
2029			553
Thereafter			1,293
Total			$	6,230

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