Company: ATLCL
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025502
Chunk: 29

Company: Atlanticus Holdings Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 29
---
 equivalents   121.5   98.8 
 Loans at fair value   2,945.3   2,542.9 
 Total Assets held by VIEs  $3,222.9  $2,781.9 
 Notes Payable, net held by VIEs  $2,431.0  $2,128.0 

       18

    8.  Leases 

   We have operating leases primarily associated with our corporate offices and regional service centers as well as for certain equipment. Our leases have remaining lease terms of 1 to 10 years, some of which include options, at our discretion, to extend the leases for additional periods generally on one-year revolving periods. 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 June 30,    For the Six Months Ended June 30,  
   2025    2024    2025    2024  
 Operating lease cost, gross  $804  $637  $1,586  $1,264 
 Sublease income   (25)  (24)  (49)  (48)
 Net Operating lease cost  $779  $613  $1,537  $1,216 
 Cash paid under operating leases, gross  $768  $752  $1,530  $1,499 
                 
 Weighted average remaining lease term - months   105   116         
 Weighted average discount rate   7.1%  6.6%        

   As of  June 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)  $1,586  $(50) $1,536 
 2026   3,857   (42)  3,815 
 2027   3,747   —   3,747