Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Schedule of Quantitative Information and Other Information Related to Leases

Quantitative information related to leases is presented in the following table (dollars in thousands):

	For the Quarter Ended March 31, 2023			For the Quarter Ended March 31, 2022
Lease expenses (1)
Fixed lease expenses - operating	$	1,696		$	2,767
Variable lease expenses - operating		581			815
Sublease income		(311	)		(276	)
Total lease expenses	$	1,966		$	3,306
Other information
Gross operating cash flows for operating leases (2)	$	(2,866	)	$	(4,555	)
Operating cash flows from subleases (2)	$	292		$	274
	As of March 31, 2023			As of March 31, 2022
Weighted average remaining lease term (in months) – operating leases		61			68
Weighted average discount rate – operating leases		4.8	%		4.9	%

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(1)Lease expense and sublease income represent the amount recorded within our unaudited condensed consolidated statements of income. Variable lease amounts represent expenses recognized as incurred which are not included in the lease liability. Fixed lease expenses and sublease income are recorded on a straight-line basis over the lease term and therefore are not necessarily representative of cash payments during the same period.

(2)Cash flows are presented on a consolidated basis and represent cash payments for fixed and variable lease costs.