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Note 6 - Leases

6 Months Ended

Jun. 30, 2022

6.	*Leases*:

The components of lease expense were as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Operating lease cost	$	1,801	$	1,741	$	3,586	$	3,415

Finance lease cost:
Amortization of right-of-use assets	$	186	$	212	$	370	$	424
Interest on lease liabilities		13		26		28		53
Total finance lease cost	$	199	$	238	$	398	$	477

Supplemental cash flow information related to leases was as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Cash paid for lease liabilities:
Operating cash flows from operating leases	$	1,719	$	1,711	$	3,470	$	3,356
Operating cash flows from finance leases		13		26		28		53
Financing cash flows from finance leases		184		203		366		405
Total cash paid for lease liabilities	$	1,916	$	1,940	$	3,864	$	3,814

Supplemental balance sheet information related to leases was as follows:

	June 30,			December 31,
(in thousands)	2022			2021

Operating Leases
Operating lease	$	42,944		$	42,023
Operating lease accumulated amortization		(15,437	)		(14,297	)
Operating lease right-of-use asset, net		27,507			27,726

Operating lease current liabilities		6,127			5,940
Operating lease liabilities		21,849			22,137
Total operating lease liabilities	$	27,976		$	28,077

Finance Leases
Finance lease	$	2,803		$	2,710
Finance lease accumulated depreciation		(1,378	)		(965	)
Finance lease, net		1,425			1,745

Finance lease current liabilities		534			661
Finance lease liabilities		923			1,115
Total finance lease liabilities	$	1,457		$	1,776

Weighted Average Remaining Lease Term
Operating leases (in years)		6			6
Finance leases (in years)		3			4

Weighted Average Discount Rate
Operating leases		3.35	%		3.44	%
Finance leases		3.49	%		3.42	%

Maturities of lease liabilities were as follows:

	Operating			Finance
(in thousands)	Leases			Leases

Year Ending December 31,
2022	$	3,632		$	334
2023		6,363			454
2024		5,614			363
2025		4,397			196
2026		3,500			154
Thereafter		7,473			43
Total future minimum lease payments	$	30,979		$	1,544
Less remaining imputed interest		(3,003	)		(87	)
Total	$	27,976		$	1,457