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Note 6 - Leases

6 Months Ended

Jun. 30, 2025

6.	*Leases*:

The components of lease expense were as follows:

	*For the Three Months*				*For the Six Months*
	*Ended June 30,*				*Ended June 30,*
(in thousands)	*2025*		*2024*		*2025*		*2024*
Operating lease cost	$	2,386	$	2,152	$	4,731	$	4,549

Finance lease cost:
Amortization of right-of-use assets	$	215	$	308	$	435	$	592
Interest on lease liabilities		34		43		69		80
Total finance lease cost	$	249	$	351	$	504	$	672

Supplemental cash flow information related to leases was as follows:

	*For the Three Months*				*For the Six Months*
	*Ended June 30,*				*Ended June 30,*
(in thousands)	*2025*		*2024*		*2025*		*2024*
Cash paid for lease liabilities:
Operating cash flows from operating leases	$	2,283	$	2,122	$	4,519	$	4,509
Operating cash flows from finance leases		34		43		69		80
Financing cash flows from finance leases		218		314		443		603
Total cash paid for lease liabilities	$	2,535	$	2,479	$	5,031	$	5,192

Supplemental balance sheet information related to leases was as follows:

	*June 30,*			*December 31,*
(in thousands)	*2025*			*2024*
Operating Leases
Operating lease	$	59,542		$	54,337
Operating lease accumulated amortization		(18,702	)		(17,401	)
Operating lease right-of-use asset, net		40,840			36,936

Operating lease current liabilities		6,629			5,865
Operating lease liabilities		35,297			31,945
Total operating lease liabilities	$	41,926		$	37,810

Finance Leases
Finance lease		4,456			4,812
Finance lease accumulated depreciation		(2,338	)		(2,354	)
Finance lease, net		2,118			2,458

Finance lease current liabilities		751			853
Finance lease liabilities		1,454			1,697
Total finance lease liabilities	$	2,205		$	2,550

Weighted Average Remaining Lease Term
Operating leases (in years)		9			9
Finance leases (in years)		3			4

Weighted Average Discount Rate
Operating leases		6.11	%		5.76	%
Finance leases		5.97	%		5.89	%

Maturities of lease liabilities were as follows:

	Operating			Finance
(in thousands)	Leases			Leases
Year Ending December 31,
2025	$	4,565		$	473
2026		8,760			736
2027		7,422			623
2028		5,860			454
2029		4,756			124
Thereafter		25,481			13
Total future minimum lease payments	$	56,844		$	2,423
Less remaining imputed interest		(14,918	)		(218	)
Total	$	41,926		$	2,205