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Note 6 - Leases

3 Months Ended

Mar. 31, 2024

6.	*Leases*:

The components of lease expense were as follows:

	*For the Three Months*
	*Ended March 31,*
(in thousands)	*2024*		*2023*
Operating lease cost	$	2,398	$	2,140

Finance lease cost:
Amortization of right-of-use assets	$	283	$	229
Interest on lease liabilities		38		35
Total finance lease cost	$	321	$	264

Supplemental cash flow information related to leases was as follows:

	*For the Three Months*
	*Ended March 31,*
(in thousands)	*2024*		*2023*
Cash paid for lease liabilities:
Operating cash flows from operating leases	$	2,386	$	2,105
Operating cash flows from finance leases		38		35
Financing cash flows from finance leases		289		220
Total cash paid for lease liabilities	$	2,713	$	2,360

Supplemental balance sheet information related to leases was as follows:

	*March 31,*			*December 31,*
(in thousands)	*2024*			*2023*
Operating Leases
Operating lease	$	55,744		$	56,117
Operating lease accumulated amortization		(22,949	)		(21,737	)
Operating lease right-of-use asset, net		32,795			34,380

Operating lease current liabilities		7,786			7,813
Operating lease liabilities		25,714			27,261
Total operating lease liabilities	$	33,500		$	35,074

Finance Leases
Finance lease		5,732			5,686
Finance lease accumulated depreciation		(2,878	)		(2,615	)
Finance lease, net		2,854			3,071

Finance lease current liabilities		1,034			1,087
Finance lease liabilities		1,934			2,106
Total finance lease liabilities	$	2,968		$	3,193

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

Weighted Average Discount Rate
Operating leases		4.10	%		4.07	%
Finance leases		5.15	%		5.06	%

Maturities of lease liabilities were as follows:

	Operating			Finance
(in thousands)	Leases			Leases
Year Ending December 31,
2024	$	6,898		$	904
2025		7,552			926
2026		6,377			633
2027		5,119			432
2028		3,850			316
Thereafter		8,140			41
Total future minimum lease payments	$	37,936		$	3,252
Less remaining imputed interest		(4,436	)		(284	)
Total	$	33,500		$	2,968