XML 41 R32.htm IDEA: XBRL DOCUMENT
v3.22.2

Leases (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Leases [Abstract] |
Lease, Cost | Lease expense is included in office and technology expenses in the unaudited Consolidated Statements of Operations. Information regarding the Company’s operating leases follows:
| Three Months Ended June 30, | Six Months Ended June 30,
(in thousands) | 2022 | 2021 | 2022 | 2021
Operating leases | $ | 616 |  | $ | 326 |  | $ | 1,179 |  | $ | 652 |
Short-term leases (b) | 46 |  | 92 |  | 113 |  | 156 |
Lease expense | $ | 662 |  | $ | 418 |  | $ | 1,292 |  | $ | 808 |
Sub-lease income | — |  | — |  | — |  | — |
Lease cost | $ | 662 |  | $ | 418 |  | $ | 1,292 |  | $ | 808 |
(b) |  | Leases with an initial term of twelve months or less are not recorded on the unaudited Consolidated Balance Sheets.
Lessee, Operating Lease Liability, Current and Non-current | Components of the operating lease liability presented on the unaudited Consolidated Balance Sheets are as follows:
(in thousands) | As of June 30, 2022 | As of December 31, 2021
Current: |  |
Operating lease liabilities | $ | 1,182 |  | $ | 1,547 |
Non-current: |  |
Operating lease liabilities | 5,522 |  | 3,782 |
Total operating lease liabilities | $ | 6,704 |  | $ | 5,329 |
Lessee, Operating Lease, Liability, Maturity | The future minimum lease payments under operating leases that have initial or remaining noncancelable lease terms in excess of one year as of June 30, 2022, are summarized as follows:
Year Ended (in thousands) |
2022 | $ | 1,305 |
2023 | 1,967 |
2024 | 1,582 |
2025 | 1,105 |
2026 | 933 |
Thereafter | 316 |
Total undiscounted payments | $ | 7,208 |
Less: present value adjustment | (504) |
Operating lease liabilities | $ | 6,704 |
Operating Lease Other Information | Supplemental lease information is as follows:
| As of June 30, 2022 | As of December 31, 2021
Weighted average remaining lease term (years) | 3.87 | 4.13
Weighted average discount rate | 3.9 | % | 4.2 | %

X
- Definition lessee,operating lease liability,current noncurrent [Table Text Block] + References No definition available. + Details
Name: | itic_LesseeoperatingleaseliabilitycurrentnoncurrentTableTextBlock
Namespace Prefix: | itic_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Operating Lease Other Information [Table Text Block] + References No definition available. + Details
Name: | itic_OperatingLeaseOtherInformationTableTextBlock
Namespace Prefix: | itic_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration