Company: EVCM
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001853145-25-000009
Chunk: 162

Company: EverCommerce Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 162
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 2023, we recorded a $0.6 million impairment charge related to ROU lease assets, which is included in loss on sale and impairments on our consolidated statement of operations and comprehensive loss (see Note 2. Summary of Significant Accounting Policies).Supplemental cash flow information related to leases is as follows:Year Ended December 31,20242023(in thousands)Cash paid for operating lease liabilities$4,658 $6,218 Operating lease assets obtained in exchange for operating lease liabilities $1,078 $1,602 Supplemental balance sheet information, included in other non-current assets, accrued expenses and other and other non-current liabilities on the consolidated balance sheet, related to leases is as follows:

II-40

   EverCommerce Inc.Notes to Consolidated Financial Statements

Year Ended December 31,20242023(in thousands)Operating lease right-of-use assets$10,944 $15,861 Current operating lease liabilities3,443 3,789 Long-term operating lease liabilities13,568 19,400 Total operating lease liabilities$17,011 $23,189 At December 31, 2024 and 2023, the weighted average remaining lease term for operating leases was 4.93 years and 5.75 years, and the weighted average discount rate was 5.2% and 5.1%, respectively.Future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities recognized on the balance sheet as of December 31, 2024 is as follows (in thousands):Year ended December 31, 2025$4,502 20264,294 20273,441 20282,773 20292,481 Thereafter2,254 Total lease payments19,745 Less: imputed interest2,734 Total present value of lease liabilities$17,011 

Note 10. Long-Term DebtLong-term debt consisted of the following as of :December 31,20242023(in thousands)Term notes with interest payable monthly, interest rate at Adjusted SOFR, plus an applicable margin of 2.50%(1) (6.85701% at December 31, 2024) quarterly principal payments of 0.25% of original principal balance with balloon payment due July 2028$532,125 $537,625 Revolver with interest payable monthly, interest rate at Adjusted SOFR