Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.24.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2023
Commitments and Contingencies  
Schedule of lease expense

    

Year Ended December 31, 

    

($ in thousands)

2023

2022

Operating lease cost

$

3,236

$

3,524

Shared lease costs

 

(2,086)

(2,127)

Variable lease cost

 

761

648

Total lease expense

$

1,911

$

2,045

Summary of Quantitative Information about Operating Leases

The following tables summarize quantitative information about the Company’s operating leases:

    

Year Ended December 31, 

 

    

($ in thousands)

2023

2022

 

Operating cash flows from operating leases

$

(3,549)

$

(3,473)

Right-of-use assets exchanged for new operating lease liabilities

$

923

$

2,953

Weighted-average remaining lease term – operating leases (years)

 

4.2

 

4.7

Weighted-average discount rate – operating leases

 

6.5

%  

 

6.6

%

Schedule of Future Minimum Lease Payments

    

Year Ended December 31, 

 

    

($ in thousands)

2023

2022

 

Operating cash flows from operating leases

$

(3,549)

$

(3,473)

Right-of-use assets exchanged for new operating lease liabilities

$

923

$

2,953

Weighted-average remaining lease term – operating leases (years)

 

4.2

 

4.7

Weighted-average discount rate – operating leases

 

6.5

%  

 

6.6

%