Company: ATLCL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001437749-25-033947
Chunk: 33

Company: Atlanticus Holdings Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 33
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,    For the Nine Months Ended September 30,  
   2025    2024    2025    2024  
 Operating lease cost, gross  $866  $635  $2,452  $1,899 
 Sublease income   (25)  (25)  (74)  (73)
 Net Operating lease cost  $841  $610  $2,378  $1,826 
 Cash paid under operating leases, gross  $748  $754  $2,278  $2,253 
                 
 Weighted average remaining lease term - months   97   113         
 Weighted average discount rate   6.7%  6.7%        

   As of  September 30, 2025, scheduled payments of lease liabilities were as follows (in thousands):
   
       Gross Lease Payment    Payments received from Sublease    Net Lease Payment  
 2025 (Remainder of 2025)  $1,149  $(25) $1,124 
 2026   5,075   (42)  5,033 
 2027   4,336   —   4,336 
 2028   3,708   —   3,708 
 2029   3,511   —   3,511 
 Thereafter   16,742   —   16,742 
 Total lease payments   34,521   (67)  34,454 
 Less imputed interest   (8,597)        
 Operating lease liabilities  $25,924         

   As part of our recent acquisition of Mercury, we assumed two separate operating leases for offices in Wilmington, Delaware and Austin, Texas. The leases cover approximately 30,000 square feet and have remaining terms of approximately 1 and 2 years. Obligations under these leases are included in the tables above. 
    
   In  August 2021, we entered into an operating lease agreement for our corporate headquarters in Atlanta, Georgia (the "Headquarters lease") with an unaffiliated third party. This Headquarters lease initially covered approximately 73,000 square feet and commenced in  June 2022 for a 146 month