Annual report [Section 13 and 15(d), not S-K Item 405]

Commitments and Contingencies (Tables)

v3.25.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2024
Commitments and Contingencies  
Schedule of lease expense

    

Year Ended December 31, 

    

($ in thousands)

2024

2023

Operating lease cost

$

2,758

$

3,236

Shared lease costs

 

(2,100)

(2,086)

Variable lease cost

 

865

761

Total lease expense

$

1,523

$

1,911

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)

2024

2023

 

Operating cash flows from operating leases

$

(3,647)

$

(3,549)

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

$

188

$

923

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

 

3.8

 

4.2

Weighted-average discount rate – operating leases

 

6.3

%  

 

6.5

%

Schedule of Future Minimum Lease Payments

    

Future Lease

($ in thousands)

Liability

Year Ended December 31, 2025

 

3,533

Year Ended December 31, 2026

 

3,272

Year Ended December 31, 2027

2,923

Year Ended December 31, 2028

2,967

Other

 

8,125

Total operating lease liabilities

 

20,820

Less: present value discount

 

(3,447)

Net operating lease liabilities, short-term and long-term

$

17,373