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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Components of Lease Expense Supplemental Cash Flow Information Related to Leases and Other Lease Related Information

 

 

 

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

(Dollars In Thousands)

 

Components of lease expense:

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

12,056

 

 

$

11,071

 

 

$

10,692

 

Short-term lease cost

 

 

7,537

 

 

 

3,399

 

 

 

3,634

 

Other cost (1)

 

 

836

 

 

 

391

 

 

 

275

 

Sublease income

 

 

(853

)

 

 

(5,632

)

 

 

 

Total lease cost

 

$

19,576

 

 

$

9,229

 

 

$

14,601

 

Supplemental cash flow information related to leases:

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

11,878

 

 

$

10,948

 

 

$

10,552

 

Operating cash flows from finance leases

 

 

213

 

 

 

78

 

 

 

56

 

Financing cash flows from finance leases

 

 

429

 

 

 

231

 

 

 

168

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

12,520

 

 

$

11,257

 

 

$

10,776

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

13,636

 

 

$

11,969

 

 

$

4,347

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for new finance lease liabilities

 

$

3,371

 

 

$

46

 

 

$

932

 

 

 

 

 

 

 

 

 

 

 

Other lease-related information:

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases (in years)

 

 

4.9

 

 

 

4.3

 

 

 

3.3

 

Weighted-average remaining lease term - finance leases (in years)

 

 

7.3

 

 

 

4.0

 

 

 

4.9

 

Weighted-average discount rate - operating leases

 

 

7.94

%

 

 

8.26

%

 

 

8.25

%

Weighted-average discount rate - finance leases

 

 

7.54

%

 

 

7.53

%

 

 

7.54

%

 

_____________________________

(1)
Includes variable lease costs, finance lease interest and amortization costs.
Summary of Future Minimum Lease Payments

As of December 31, 2024, future minimum lease payments due under ASC 842 are summarized by fiscal year in the table below:

 

 

Operating Leases

 

 

Finance Leases

 

 

 

(In Thousands)

 

2025

 

$

9,330

 

 

$

873

 

2026

 

 

6,951

 

 

 

742

 

2027

 

 

5,797

 

 

 

675

 

2028

 

 

4,464

 

 

 

609

 

2029

 

 

3,311

 

 

 

582

 

Thereafter

 

 

4,816

 

 

 

1,566

 

Total lease payments

 

 

34,669

 

 

 

5,047

 

Less imputed interest

 

 

(5,876

)

 

 

(1,152

)

Present value of lease liabilities

 

$

28,793

 

 

$

3,895