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

LEASES (Tables)

v3.25.0.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule for components of lease costs

The components of lease costs were as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 

​

    

2024

    

2023

    

2022

Operating lease costs, excluding short-term leases

​

$

1,718

​

$

1,670

​

$

1,579

Short-term lease cost

​

​

143

​

​

58

​

​

2,957

Variable lease cost (1)

​

 

951

​

 

765

​

 

647

Total lease cost

​

$

2,812

​

$

2,493

​

$

5,183

​

​

​

​

(1)

Variable lease costs primarily represent differences between minimum lease payment obligations and actual operating charges incurred by the Company related to long-term operating leases.

Schedule for Company's ROU assets and operating lease liabilities

The present value of the fixed lease payments recorded as the Company’s ROU assets and operating lease liabilities, adjusted for initial direct costs and incentives, are as follows (in thousands):

​

​

​

​

​

​

​

​

    

December 31, 

​

​

2024

    

2023

ROU assets ‒ Other assets

​

$

10,045

​

$

10,515

​

​

​

​

​

​

​

Lease liability:

​

 

  

​

 

  

Accrued liabilities

​

$

1,522

​

$

1,455

Other liabilities

​

 

10,390

​

 

10,803

Total lease liability

​

$

11,912

​

$

12,258

Schedule for weighted average remaining lease term and discount rate

The weighted average remaining lease term and discount rate related to the Company’s operating leases are as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

December 31, 

 

​

    

2024

    

2023

    

2022

 

Weighted average remaining lease term

​

11.5 years

​

12.1 years

​

13.1 years

​

Weighted average discount rate

 

10.3

%  

10.3

%  

10.1

%

Schedule for supplemental cash flow information

Supplemental cash flow information related to the Company’s operating leases are as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 

​

    

2024

    

2023

    

2022

Operating cash outflow from operating leases

​

$

1,595

​

$

1,713

​

$

1,224

Right-of-use assets obtained in exchange for new operating lease liabilities

​

$

—

​

$

559

​

$

—

Schedule for Undiscounted Future Minimum Payment

As of December 31, 2024, the maturities of the liabilities related to the Company’s operating leases are as follows (in thousands):

​

​

​

​

2025

    

$

2,164

2026

​

 

1,625

2027

​

 

1,658

2028

​

 

1,712

2029

​

 

3,980

Thereafter

​

 

8,908

Total lease payments

​

 

20,047

Less: imputed interest

​

 

(8,135)

Total

​

$

11,912

​