Bridge Investment Group Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

The following is a summary of the Company’s leases as of March 31, 2022 (dollar amounts in thousands):


Right-of-use assets, included in Other assets	$	13,469
Lease Liabilities, included in Other liabilities	$	15,642

Weighted average remaining lease term (in years)		5.3
Weighted average discount rate		4.03	%

The components of lease expense included in general and administrative in the condensed consolidated statement of operations for the three months ended March 31, 2022 are as follows (in thousands):


Operating lease costs	$	1,065
Variable lease costs		32
Total lease costs, included in general and administrative expenses	$	1,097

Cash paid for amounts included in the measurement of operating lease liabilities	$	1,167

Summary of Maturities of Operating Lease Liabilities

As of March 31, 2022, the maturities of operating lease liabilities were as follows (in thousands):


Remainder of 2022	$	2,593
2023		3,496
2024		2,958
2025		2,901
2026		2,864
Thereafter		2,621
Total lease liabilities		17,433
Less: Imputed interest		(1,791	)
Total operating lease liabilities	$	15,642