Company: ATLCL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001437749-25-033947
Chunk: 187

Company: Atlanticus Holdings Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 187
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. Other leases allow for us to terminate the lease based on appropriate notification periods. For certain of our leased offices, we sublease a portion of the unoccupied space. The components of lease expense associated with our lease liabilities and supplemental cash flow information related to those leases were as follows (dollar amounts in thousands):

       For the Three Months Ended September 30,    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