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Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases

Summary of lease costs and maturity analysis for liabilities

​

​	​	​	​	​	​	​	​	​
Lease Costs	​	​		​	​	​	​	​
​	​	For the Year Ended December 31,
(in thousands)	​	2024	​		2023	​		2022
Operating lease cost	$	411	​	$	419	​	$	419
​	$	411	​	$	419	​	$	419
​	​	​	​	​	​	​	​	​
Other information	​	​	​	​	​	​	​	​
Cash paid for amounts included in the measurement of lease liabilities	$	412	​	$	447	​	$	438
Weighted average remaining lease terms in years - operating leases	​	1.75	​	​	0.75	​	​	1.75
Weighted average discount rate - operating leases	​	8.44%	​	​	3.86%	​	​	3.86%
​	​	​	​	​	​	​	​	​
Maturity analysis for liabilities	Total			​	​		​	​
​	Undiscounted		​	​	​	​	​	​
(in thousands)	Cash Flows		​	​	​	​	​	​
Discount rate at commencement	​	8.44%	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​
2025	$	436	​	​	​	​	​	​
2026	​	327	​	​	​	​	​	​
​	$	763	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​
Present value lease liability	$	707	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​
Difference between undiscounted cash flows and discounted cash flows	$	56	​	​	​	​	​	​

Summary of income relating to lease payments

​

​	​	​	​	​	​	​	​	​	​
Income relating to lease payments:	​	​
​	​	For the Year Ended December 31,
(in thousands)		2024		​	2023			2022
Income from leases (1)	​	$	122,032	​	$	146,027	​	$	157,719
​	​	$	122,032	​	$	146,027	​	$	157,719
​	​	​	​	​	​	​	​	​	​
Undiscounted Cash Flows		Year ending		​	​	​	​	​	​
(in thousands)	​	December 31,		​	​	​	​	​	​
2025	​	​	69,392	​	​	​	​	​	​
2026	​	​	64,321	​	​	​	​	​	​
2027	​	​	54,286	​	​	​	​	​	​
2028	​	​	48,479	​	​	​	​	​	​
2029	​	​	40,699	​	​	​	​	​	​
2030 and thereafter	​		113,033	​	​	​	​	​	​
​	​	$	390,210	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
(1) Includes amounts recognized from variable lease payments of $35,413, $42,311, and $49,730 for the year ended December 31, 2024, 2023 and 2022, respectively.	​	​	​	​	​	​	​	​	​

​

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- Definition

Tabular disclosure of components of income from operating lease and maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

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- Definition

Tabular disclosure of lessee's lease cost and undiscounted cash flows of of operating lease liability.

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