Note 5 - Leases

9 Months Ended

Sep. 30, 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 right-of-use (“ROU”) assets and liabilities (in thousands):

		September 30,		December 31,
	Financial Statement Line Item	2025		2024
Operating lease ROU assets	Other long-term assets	$	19,737	$	16,915
Operating lease liabilities	Other accrued liabilities	$	3,778	$	2,819
	Other long-term liabilities	$	15,076	$	12,974

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Lease costs:
Operating lease costs	$	1,350	$	948	$	3,742	$	2,859
Other		864		822		2,458		2,020
Total lease costs	$	2,214	$	1,770	$	6,200	$	4,879

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	1,273	$	1,704	$	3,434	$	3,404
ROU assets obtained in exchange for new operating lease liabilities	$	-	$	2,339	$	5,206	$	11,610

	September 30,			December 31,
	2025			2024
Weighted-average remaining lease term (in years)		9.7			11.5
Weighted-average discount rate		5.5	%		5.5	%

As of September 30, 2025, the maturities of the lease liabilities were as follows (in thousands):

2025 (remaining three months)	$	1,300
2026		4,441
2027		3,937
2028		2,743
2029		1,954
Thereafter		11,471
Total remaining lease payments		25,846
Less: imputed interest		(6,992	)
Total lease liabilities	$	18,854

As of September 30, 2025, the Company’s operating leases that had not yet commenced were not material.