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
LEASES  
Schedule of lease expense

The components of lease expense for the years ended December 31, 2024, 2023 and 2022 were as follows (in thousands):

    

Year ended December 31, 

2024

    

2023

    

2022

Operating lease cost

$

6,763

$

7,001

$

5,005

Short-term lease cost

1,139

392

170

Variable lease cost

869

397

1,071

$

8,771

$

7,790

$

6,246

    

2024

2023

Remaining lease term (years)

7.80

7.13

Discount Rate

6.83%

6.34%

Supplemental cash flow information related to leases were as follows (in thousands):

    

Year ended December 31, 

2024

    

2023

Cash paid for amounts included in the measurement of lease liabilities

4,498

4,700

Operating lease liabilities arising from obtaining ROU assets

10,449

961

Summary of future minimum lease payments under non-cancelable operating leases

Our operating leases expire at various dates through 2035. Maturities of our operating lease payments as of December 31, 2024 are as follows (in thousands):

    

Operating

Leases

Year ending December 31:

2025

$

6,557

2026

6,247

2027

 

5,544

2028

 

5,354

2029

 

4,407

Thereafter

 

17,577

Total undiscounted payments

45,686

Less: imputed interest

(10,765)

Present value of minimum lease payments

34,921

Less: Operating lease liabilities - current

 

(4,356)

Operating lease liabilities - non-current

$

30,565