Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Lease, Cost

Components of operating lease expense were as follows:

	Year Ended December 31,
	2023		2022		2021
	(Dollars in thousands)
Operating lease cost 1	$	8,634	$	8,645	$	8,028
Sublease income	(588)		(507)		(156)
Net lease cost	$	8,046	$	8,138	$	7,872

1 Includes variable lease costs, which are immaterial.

Schedule of Lease Cash Flow Information

Supplemental cash flow information related to leases was as follows:

	Year Ended December 31,
	2023		2022		2021
	(Dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	8,271	$	8,147	$	7,598
Leased assets obtained in exchange for new operating lease liabilities	$	3,238	$	6,980	$	1,765

Schedule of Lease Terms and Discount Rates

Weighted-average remaining lease term and discount rate for operating leases were as follows:

	December 31, 2023	December 31, 2022
Weighted-average remaining lease term (years)	3.3	4.0
Weighted-average discount rate	5.5%	5.5%

Schedule of Lessee, Operating Lease, Liability, Maturity

Maturities of operating lease liabilities were as follows:

	Year Ended December 31,
	(Dollars in thousands)
2024	$	7,551
2025	8,168
2026	6,923
2027	1,722
2028	856
Thereafter	81
Total operating lease payments	$	25,301
Less: Interest	(2,180)
Present value of operating lease liabilities 1	$	23,121

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1 Homebuilding and financial services operating lease liabilities of $22.9 million and $0.2 million, respectively, are included as a component of accrued and other liabilities and accounts payable and accrued liabilities, respectively, in the homebuilding and financial services section of our consolidated balance sheets at December 31, 2023.