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Leases (Tables)
 3 Months Ended
Mar. 31, 2024
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 leases follows:
Three Months Ended
March 31,
(in thousands)20242023
Operating leases$658 $731 
Finance leases:
Amortization of lease assets71 54 
Lease expense$729 $785 
Sub-lease income(52)— 
Lease cost$677 $785 
(b)Leases with an initial term of twelve months or less are not recorded on the unaudited Consolidated Balance Sheets.
Lessee, Lease Liability, Current and Non-current
Components of the lease liability presented on the unaudited Consolidated Balance Sheets are as follows:
(in thousands)As of
March 31, 2024		As of
December 31, 2023
Current:
Operating lease liabilities$1,755 $2,201 
Finance lease liabilities177 170 
Non-current:
Operating lease liabilities4,299 3,792 
Finance lease liabilities597 286 
Total lease liabilities$6,828 $6,449 
Lessee, Lease Liability, Maturity
The future minimum lease payments for leases that have initial or remaining noncancelable lease terms in excess of one year as of March 31, 2024, are summarized as follows:
Year Ended (in thousands)Operating LeasesFinance LeasesTotal
2024$1,904 $199 $2,103 
20252,179 241 2,420 
20261,332 203 1,535 
2027424 136 560 
2028183 56 239 
Thereafter433 — 433 
Total undiscounted payments$6,455 $835 $7,290 
Less: present value adjustment(401)(61)(462)
Lease liabilities$6,054 $774 $6,828 
Lease Other Information
Supplemental lease information is as follows:
As of
March 31, 2024		As of
December 31, 2023
Weighted average remaining lease term (years)  
    Operating Leases3.343.07
    Finance Leases3.492.93
Weighted average discount rate  
    Operating Leases3.9 %3.8 %
    Finance Leases4.3 %3.7 %