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Leases (Tables)

12 Months Ended

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

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

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X

- References

No definition available.

+ Details

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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

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