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LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Operating lease right-of-use assets and liabilities
Information related to the Company’s operating right-of-use assets and related operating lease liabilities were as follows (dollar amounts in thousands, except lease term and discount rate):
As of December 31,20242023
Assets:
Operating lease right-of-use assets$12,799 $13,361 
Liabilities:
Current3,927 4,547 
Long-term10,277 10,376 
Total operating lease liabilities$14,204 $14,923 

Weighted-average remaining lease term3.74.1
Weighted-average discount rate5.01 %4.15 %

Year Ended December 31,20242023
Cash paid for operating lease liabilities$5,671 $5,504 
Right-of-use assets obtained in exchange for new operating lease obligations5,181 1,184 
Cancellations or adjustments of leases that resulted in the reduction of lease assets in exchange for lease liabilities$(103)$(27)
Approximate aggregate commitments under non-cancelable operating leases
The approximate aggregate commitments under non-cancelable operating leases in effect at December 31, 2024, were as follows (dollar amounts in thousands):
Year Ending December 31,
2025$4,519 
20264,098 
20273,482 
20282,970 
2029517 
Total lease payments$15,586 
Less: Imputed interest (1)1,382 
Present value of lease liabilities$14,204 

(1) Calculated using our corporate borrowing rate based on the term of each lease ranging from 3.00 percent to 6.96 percent.