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Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Lease Expense, Supplemental Cash Flow and Weighted-average Remaining Lease Term
The components of lease costs are as follows:
For the Year Ended
(Dollars in Thousands)December 31, 2025December 31, 2024December 31, 2023
Operating lease expense$11,673 $12,680 $8,782 
Variable lease expense2,620 2,709 3,165 
Short-term lease expense267 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, 2025December 31, 2024December 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, 2025As of December 31, 2024
Weighted-average remaining lease term11.3811.46
Weighted-average discount rate6.31 %5.99 %
Schedule of Future Minimum Lease Payments
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 
20278,880 
20288,368 
20297,096 
20306,411 
2031 and beyond49,911 
Total lease payments89,292 
Less: Imputed interest27,617 
Present value of lease liabilities$61,675