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Note 6 - Leases

3 Months Ended

Mar. 31, 2021

6.	*Leases*:

The components of lease expense were as follows:

	Three Months Ended		Three Months Ended
	March 31,		March 31,
(in thousands)	2021		2020

Operating lease cost	$	1,674	$	1,777

Finance lease cost:
Amortization of right-of-use assets	$	212	$	60
Interest on lease liabilities		27		14
Total finance lease cost	$	239	$	74

Supplemental cash flow information related to leases was as follows:

	Three Months Ended		Three Months Ended
	March 31,		March 31,
(in thousands)	2021		2020

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,645	$	1,759
Operating cash flows from finance leases		27		14
Financing cash flows from finance leases		202		57
Total cash paid for amounts included in the measurement of lease liabilities	$	1,874	$	1,830

Supplemental balance sheet information related to leases was as follows:

	March 31,			December 31,
(in thousands)	2021			2020

Operating Leases
Operating lease	$	35,547		$	36,060
Operating lease accumulated amortization		(11,450	)		(10,706	)
Operating lease right-of-use asset, net		24,097			25,354

Operating lease current liabilities		5,436			5,580
Operating lease liabilities		18,893			19,965
Total operating lease liabilities	$	24,329		$	25,545

Finance Leases
Finance lease	$	3,582		$	3,582
Finance lease accumulated depreciation		(545	)		(333	)
Finance lease, net		3,037			3,249

Finance lease current liabilities		822			815
Finance lease liabilities		2,245			2,453
Total finance lease liabilities	$	3,067		$	3,268

Weighted Average Remaining Lease Term
Operating leases (in years)		7			7
Finance leases (in years)		5			6

Weighted Average Discount Rate
Operating leases		3.75	%		3.76	%
Finance leases		3.50	%		3.80	%

Maturities of lease liabilities were as follows:

	Operating			Finance
(in thousands)	Leases			Leases

Year Ending December 31,
2021	$	4,775		$	685
2022		5,475			851
2023		4,496			578
2024		3,791			492
2025		2,491			325
Thereafter		6,409			388
Total future minimum lease payments	$	27,437		$	3,319
Less remaining imputed interest		(3,108	)		(252	)
Total	$	24,329		$	3,067