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Leases

12 Months Ended

Dec. 31, 2024

Our leases consist of operating lease agreements principally related to our corporate and subsidiary office locations. Currently, we do not enter into any financing lease agreements. Our leases have remaining lease terms of less than 1 year to approximately 8 years, most of which generally include renewal options of varying terms.

Our total lease expense amounted to approximately $3.7 million, $3.7 million, and $4.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. Our lease expense is generally based on fixed payments stated within the agreements. Any variable payments for non-lease components and other short term lease expenses are not considered material.

Additional Information

Additional information related to our right of use assets and related lease liabilities is as follows:


	Year Ended December 31,
	2024			2023			2022

Cash paid for operating lease liabilities (in thousands)	$	3,736		$	2,884		$	7,871
Weighted average remaining lease term (years)	4.3			3.9			3.4
Weighted average discount rate	3.9		%	5.1		%	4.9		%

Note 20—Leases (continued)

Maturities of our operating lease liabilities as of December 31, 2024 is as follows:


	Operating Leases
	(In thousands)
2025	$	2,803
2026	3,268
2027	3,200
2028	1,671
2029	271
Thereafter	903
Total	12,116
Less: imputed interest	(1,059)
Total lease liabilities	$	11,057