Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

v3.26.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies  
Schedule of Lease Expense

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Three Months Ended June 30, 

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Six Months Ended June 30, 

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($ in thousands)

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2026

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2025

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2026

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2025

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Lease Cost

 

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Operating lease cost

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$

707

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$

728

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$

1,421

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$

1,476

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Shared lease costs

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(422)

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(525)

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(957)

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(1,059)

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Variable lease cost

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67

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76

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142

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265

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Sublease income

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(544)

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—

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(634)

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—

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Total lease expense

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$

(192)

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$

279

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$

(28)

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$

682

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Summary of Quantitative Information about Operating Leases

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Six Months Ended June 30, 

 

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($ in thousands)

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2026

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2025

 

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Operating cash flows from operating leases

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$

(1,559)

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$

(1,629)

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

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3.1

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3.6

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Weighted-average discount rate – operating leases

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6.2

%  

 

6.1

%

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Schedule of Future Minimum Lease Payments

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Future Lease

($ in thousands)

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Liability

Remainder of 2026

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$

1,493

Year ended December 31, 2027

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3,127

Year ended December 31, 2028

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3,235

Year ended December 31, 2029

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3,063

Year ended December 31, 2030

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3,056

Other

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2,058

Total operating lease liabilities

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16,032

Less: present value discount

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(2,318)

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

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$

13,714