Company: GDOT
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001386278-25-000009
Chunk: 156

Company: GREEN DOT CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 156
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 may make pre-tax or after-tax contributions to the plan from their eligible earnings up to the statutorily prescribed annual limit on contributions under the code. We may contribute to the plan at the discretion of our board of directors. Currently, employer contributions amount to 50% of the first 5% of a participant's eligible compensation. Our contributions are allocated in the same manner as that of the participant’s elective contributions. We made contributions to the plan of $2.5 million, $2.9 million, and $2.8 million for the years ended December 31, 2024, 2023 and 2022, respectively. 

Note 20—Leases 

Our leases consist of operating lease agreements principally related to our corporate and subsidiary office locations. Currently, we do not enter into any financing lease agreements. Our leases have remaining lease terms of less than 1 year to approximately 8 years, most of which generally include renewal options of varying terms. Our total lease expense amounted to approximately $3.7 million, $3.7 million, and $4.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. Our lease expense is generally based on fixed payments stated within the agreements. Any variable payments for non-lease components and other short term lease expenses are not considered material.Additional InformationAdditional information related to our right of use assets and related lease liabilities is as follows:Year Ended December 31, 202420232022Cash paid for operating lease liabilities (in thousands)$3,736 $2,884 $7,871 Weighted average remaining lease term (years)4.33.93.4Weighted average discount rate3.9 %5.1 %4.9 %

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Table of ContentsGREEN DOT CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)

Note 20—Leases (continued)Maturities of our operating lease liabilities as of December 31, 2024 is as follows:Operating Leases(In thousands)2025$2,803 20263,268 20273,200 20281,671 2029271 Thereafter903 Total12,116 Less: imputed interest(1,059)Total lease liabilities$11,057 

Note 21—Commitments and Contingencies

In the ordinary course of business, we are a party to various legal proceedings, including, from