Company: GDOT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001386278-25-000034
Chunk: 141

Company: GREEN DOT CORP
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 141
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Note 16—Leases 

Our leases consist of operating lease agreements principally related to our subsidiary office locations. Currently, we do not enter into any financing lease agreements. Our leases have remaining lease terms of approximately 2 years to 8 years, most of which generally include renewal options of varying terms. Our total lease expense amounted to approximately $0.9 million for each of the three months ended March 31, 2025 and 2024. 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: March 31, 2025Cash paid for operating lease liabilities (in thousands)$1,034 Weighted average remaining lease term (years)4.08Weighted average discount rate4.0 %Maturities of our operating lease liabilities as of March 31, 2025 are as follows:Operating Leases(In thousands)Remainder of 2025$2,869 20263,234 20273,204 20281,673 2029271 Thereafter904 Total12,155 Less: imputed interest(2,007)Total lease liabilities$10,148 

 Note 17—Commitments and Contingencies

In the ordinary course of business, we are a party to various legal proceedings, including, from time to time, regulatory, supervisory, and governmental matters as well as actions which are asserted to be maintainable as class action suits, employment claims, and or enforcement actions. We review these actions on an ongoing basis to determine whether it is probable and estimable that a loss has occurred and use that information when making accrual and disclosure decisions. We have provided reserves where necessary for all claims and, based on current knowledge and in part upon the advice of legal counsel, all matters are believed to be adequately covered by insurance, or, if not covered, would not be likely to have a material adverse impact on our financial condition or results of operations. Nonetheless, given the inherent unpredictability of these matters, an adverse outcome could, from time to time, have a material adverse impact on our financial condition or results of operations.Other Litigation and ClaimsOn December 18, 2019, an alleged class action entitled Koffsmon v. Green Dot Corp., et al., No. 19