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v3.23.2

Leases (Tables) | 6 Months Ended
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Jun. 30, 2023
Leases [Abstract] |
Schedule of Lease Costs and Other Lease Information | The following table presents lease costs and other lease information.
|  | Three Months Ended |  | Six Months Ended
(dollars in thousands) |  | June 30, 2023 |  | June 30, 2022 |  | June 30, 2023 |  | June 30, 2022
Lease cost |  |  |  |  |  |  |  |
Operating lease cost (cost resulting from lease payments) |  | $ | 1,667 |  |  | $ | 1,820 |  |  | $ | 3,383 |  |  | $ | 3,661 |
Variable lease cost (cost excluded from lease payments) |  | 253 |  |  | 279 |  |  | 509 |  |  | 511 |
Sublease income |  | (29) |  |  | (95) |  |  | (59) |  |  | (182) |
Net lease cost |  | $ | 1,891 |  |  | $ | 2,004 |  |  | $ | 3,833 |  |  | $ | 3,990 |
Operating lease - operating cash flows (fixed payments) |  | $ | 1,814 |  |  | $ | 1,923 |  |  | $ | 3,673 |  |  | $ | 3,743 |
(dollars in thousands) |  | June 30, 2023 |  | December 31, 2022 |  |  |  |
Operating lease right-of-use assets |  | $ | 21,580 |  |  | $ | 24,544 |  |  |  |  |
Operating lease liabilities |  | $ | 26,007 |  |  | $ | 29,267 |  |  |  |  |
Weighted average lease term - operating leases |  | 5.19 | yrs | 5.50 | yrs |  |  |
Weighted average discount rate - operating leases |  | 2.84 | % |  | 2.91 | % |  |  |  |
Schedule of Future Minimum Payments for Operating Leases | Future minimum payments for operating leases with initial or remaining terms of more than one year as of June 30, 2023 were as follows:
(dollars in thousands) |  |
Twelve months ended: |  |
June 30, 2024 |  | $ | 3,525 |
June 30, 2025 |  | 6,880 |
June 30, 2026 |  | 5,987 |
June 30, 2027 |  | 2,894 |
June 30, 2028 |  | 2,502 |
Thereafter |  | 5,776 |
Total future minimum lease payments |  | 27,564 |
Amounts representing interest |  | (1,557) |
Present value of net future minimum lease payments |  | $ | 26,007 |

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- 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
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- References No definition available. + Details
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- 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
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