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Note 6 - Leases

9 Months Ended

Sep. 30, 2021

6.	*Leases*:

The components of lease expense were as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in thousands)	2021		2020		2021		2020

Operating lease cost	$	1,733	$	1,767	$	5,148	$	5,322

Finance lease cost:
Amortization of right-of-use assets	$	210	$	62	$	634	$	182
Interest on lease liabilities		23		13		76		39
Total finance lease cost	$	233	$	75	$	710	$	221

Supplemental cash flow information related to leases was as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in thousands)	2021		2020		2021		2020

Cash paid for lease liabilities:
Operating cash flows from operating leases	$	1,704	$	1,742	$	5,060	$	5,251
Operating cash flows from finance leases		23		13		76		39
Financing cash flows from finance leases		202		58		607		173
Total cash paid for lease liabilities	$	1,929	$	1,813	$	5,743	$	5,463

Supplemental balance sheet information related to leases was as follows:

	September 30,			December 31,
(in thousands)	2021			2020

Operating Leases
Operating lease	$	36,916		$	36,060
Operating lease accumulated amortization		(13,446	)		(10,706	)
Operating lease right-of-use asset, net		23,470			25,354

Operating lease current liabilities		5,457			5,580
Operating lease liabilities		18,292			19,965
Total operating lease liabilities	$	23,749		$	25,545

Finance Leases
Finance lease	$	3,511		$	3,582
Finance lease accumulated depreciation		(946	)		(333	)
Finance lease, net		2,565			3,249

Finance lease current liabilities		811			815
Finance lease liabilities		1,797			2,453
Total finance lease liabilities	$	2,608		$	3,268

	September 30,			December 31,
	2021			2020

Weighted Average Remaining Lease Term
Operating leases (in years)		6			7
Finance leases (in years)		4			6

Weighted Average Discount Rate
Operating leases		3.69	%		3.76	%
Finance leases		3.49	%		3.80	%

Maturities of lease liabilities were as follows:

	Operating			Finance
(in thousands)	Leases			Leases

Year Ending December 31,
2021	$	1,661		$	226
2022		5,947			840
2023		4,857			568
2024		4,152			481
2025		2,875			315
Thereafter		7,156			374
Total future minimum lease payments	$	26,648		$	2,804
Less remaining imputed interest		(2,899	)		(196	)
Total	$	23,749		$	2,608