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

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Year Ended December 31, 

    

($ in thousands)

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2024

​

2023

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Operating lease cost

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$

2,758

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$

3,236

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Shared lease costs

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(2,100)

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(2,086)

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Variable lease cost

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865

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​

761

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Total lease expense

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$

1,523

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$

1,911

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Summary of Quantitative Information about Operating Leases

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

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Year Ended December 31, 

 

    

($ in thousands)

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2024

​

2023

 

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Operating cash flows from operating leases

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$

(3,647)

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$

(3,549)

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

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$

188

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$

923

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

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3.8

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4.2

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Weighted-average discount rate – operating leases

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6.3

%  

 

6.5

%

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Schedule of Future Minimum Lease Payments

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Future Lease

($ in thousands)

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Liability

Year Ended December 31, 2025

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3,533

Year Ended December 31, 2026

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3,272

Year Ended December 31, 2027

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2,923

Year Ended December 31, 2028

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​

2,967

Other

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8,125

Total operating lease liabilities

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20,820

Less: present value discount

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(3,447)

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

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$

17,373