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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Lease Expense and Supplemental Cash Flow Information | The components of lease costs are as follows:
|  |  | For the Year Ended
(Dollars in Thousands) |  |  |  |  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022 (Predecessor)
Operating lease expense |  |  |  |  | $ | 12,680 |  |  | $ | 8,782 |  |  | $ | 2,974 |
Variable lease expense |  |  |  |  | 2,709 |  |  | 3,165 |  |  | 1,353 |
Short-term lease expense |  |  |  |  | 256 |  |  | 750 |  |  | 144 |
Total lease expense |  |  |  |  | $ | 15,645 |  |  | $ | 12,697 |  |  | $ | 4,471 |
Supplemental cash flow information and non-cash activity related to our operating leases are as follows:
| For the Year Ended
(Dollars in Thousands) | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022 (Predecessor)
Operating cash flow information: |  |  |  |  |
Operating cash flow from operating leases | $ | 8,027 |  |  | $ | 7,131 |  |  | $ | 2,930 |
Non-cash activity: |  |  |  |  |
Right-of-use assets obtained in exchange for lease obligations | $ | 6,239 |  |  | $ | 35,629 |  |  | $ | 2,621 |
Weighted-average remaining lease term and discount rate for our operating leases are as follows:
| As of December 31, 2024 |  | As of December 31, 2023
Weighted-average remaining lease term | 11.46 |  | 11.94
Weighted-average discount rate | 5.99 | % |  | 6.22 | %
Schedule of Lessee, Operating Lease, Liability, Maturity | Future minimum lease payments for the Company’s operating leases as of December 31, 2024, are as follows:
| Future Minimum Rental Operating Leases
(Dollars in Thousands) |
2025 | $ | 8,849 |
2026 | 8,391 |
2027 | 7,763 |
2028 | 7,183 |
2029 | 6,352 |
2030 and beyond | 58,476 |
Total lease payments | 97,014 |
Less: Imputed interest | 33,959 |
Present value of lease liabilities | $ | 63,055 |

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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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- 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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