Note 5 - Leases

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Leases Disclosure [Text Block]

5. LEASES

The Company has operating leases primarily for administrative, sales and marketing offices, manufacturing operations and R&D facilities, and employee housing units. These leases have remaining lease terms from less than one year to 19 years. Some of these leases include options to renew the lease term for up to five years or on a month-to-month basis. The Company does not have finance lease arrangements.

The following table summarizes the balances of operating lease ROU assets and liabilities (in thousands):

		March 31,		December 31,
	Financial Statement Line Item	2025		2024
Operating lease ROU assets	Other long-term assets	$	18,793	$	16,915
Operating lease liabilities	Other accrued liabilities	$	3,278	$	2,819
	Other long-term liabilities	$	14,473	$	12,974

The following tables summarize certain information related to the leases (in thousands, except percentages and years):

	Three Months Ended March 31,
	2025		2024
Lease costs:
Operating lease costs	$	1,108	$	897
Others		769		550
Total lease costs	$	1,877	$	1,447

	Three Months Ended March 31,
	2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	1,000	$	673
ROU assets obtained in exchange for new operating lease liabilities	$	2,644	$	1,462

	March 31,			December 31,
	2025			2024
Weighted-average remaining lease term (in years)		10.5			11.5
Weighted-average discount rate		5.6	%		5.5	%

As of March 31, 2025, the maturities of the lease liabilities were as follows (in thousands):

2025 (remaining nine months)	$	3,167
2026		3,479
2027		2,967
2028		2,120
2029		1,764
Thereafter		11,463
Total remaining lease payments		24,960
Less: imputed interest		(7,209	)
Total lease liabilities	$	17,751

As of March 31, 2025, operating leases that had not yet commenced were not material.