XML 51 R22.htm IDEA: XBRL DOCUMENT
v3.26.1

Leases | 12 Months Ended
--- | ---
Dec. 31, 2025
Leases [Abstract] |
Leases | Leases The Company primarily has non-cancellable operating leases for office spaces across various countries. We categorize leases as either operating or finance leases at the commencement date of the respective lease. The components of lease costs are as follows:
|  |  | For the Year Ended
(Dollars in Thousands) |  |  |  |  | December 31, 2025 |  | December 31, 2024 |  | December 31, 2023
Operating lease expense |  |  |  |  | $ | 11,673 |  |  | $ | 12,680 |  |  | $ | 8,782 |
Variable lease expense |  |  |  |  | 2,620 |  |  | 2,709 |  |  | 3,165 |
Short-term lease expense |  |  |  |  | 267 |  |  | 256 |  |  | 750 |
Total lease expense (1) |  |  |  |  | $ | 14,560 |  |  | $ | 15,645 |  |  | $ | 12,697 |
(1) These amounts include $0.5 million, $0.5 million, and $0.4 million for the years ended December 31, 2025, 2024, and 2023, respectively, in operating lease expense from related parties. See Note 18 (Related Party Transactions) for further details. 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, 2025 |  | December 31, 2024 |  | December 31, 2023
Operating cash flow information: |  |  |  |  |
Cash outflows - operating leases (1) | $ | 9,482 |  |  | $ | 8,027 |  |  | $ | 7,131 |
Non-cash activity: |  |  |  |  |
Right-of-use assets obtained in exchange for lease obligations | $ | 4,960 |  |  | $ | 6,239 |  |  | $ | 35,629 |
(1) These amounts include $0.5 million, $0.5 million, and $0.4 million for the years ended December 31, 2025, 2024, and 2023, respectively, in cash outflows related to operating leases from related parties. See Note 18 (Related Party Transactions) for further details. Weighted-average remaining lease term and discount rate for our operating leases are as follows:
| As of December 31, 2025 |  | As of December 31, 2024
Weighted-average remaining lease term | 11.38 |  | 11.46
Weighted-average discount rate | 6.31 | % |  | 5.99 | %
Future minimum lease payments for the Company’s operating leases as of December 31, 2025, are as follows:
| Future Minimum Rental Operating Leases
(Dollars in Thousands) |
2026 | $ | 8,626 |
2027 | 8,880 |
2028 | 8,368 |
2029 | 7,096 |
2030 | 6,411 |
2031 and beyond | 49,911 |
Total lease payments | 89,292 |
Less: Imputed interest | 27,617 |
Present value of lease liabilities | $ | 61,675 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration