Leases |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Leases |
Note 14. Leases Rent expense under the Company’s operating lease agreements was $6.5 million and $7.9 million for the years ended December 31, 2024 and 2023, respectively. There were no financing, variable, or short term leases during the years ended December 31, 2024 and 2023. The Company recorded a non-cash, pre-tax impairment of $4.0 million related to the operating lease right-of-use (“ROU”) asset recorded for 480 Pleasant Street in the second quarter of 2023. See Note 2 for additional information on the impairment. Future minimum lease payments under our operating leases are as follows as of December 31, 2024:
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