Note 14 - Leases

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

NOTE 14 – Leases:

The Company does not have any material leases, individually or in the aggregate, classified as a finance leasing arrangement.

The components of lease cost were as follows (in thousands):

	Years Ended December 31,
	2024		2023
Operating lease expense	$	5,123	$	4,495
Short-term lease expense		431		609
Total lease expense	$	5,554	$	5,104

Cash flow and noncash information related to our operating leases were as follows (in thousands):

	Years Ended December 31,
	2024		2023
Operating cash flows – cash paid for operating lease liabilities	$	4,481	$	3,368
Non-cash – Operating lease right-of-use assets obtained in exchange for new lease liabilities	$	1,533	$	13,908

Other supplemental information related to our operating leases was as follows:

	Years Ended December 31,
	2024			2023
Weighted-average remaining lease term (in years)		4.7			4.6
Weighted average discount rate		6.78	%		6.57	%

Maturities of operating lease liabilities as of December 31, 2024 were as follows (in thousands):

	Operating Leases
2025	$	4,495
2026		4,403
2027		3,522
2028		3,246
2029		1,282
Thereafter		503
Total lease payments		17,451
Less imputed interest		2,393
Present value of lease liabilities	$	15,058