Note 4 - Leases

3 Months Ended

Mar. 31, 2026

4. Leases

Amounts reported on the Company’s Unaudited Condensed Consolidated Balance Sheets for operating leases were as follows:

	*March 31, 2026*		*December 31, 2025*
	(Amounts in Thousands)
Operating lease assets, net	$	40,999	$	43,713

Short-term operating lease liabilities		13,139		13,144
Long-term operating lease liabilities		34,331		37,259
Total operating lease liabilities	$	47,470	$	50,403

Lease Costs

Components of lease costs were reported in general and administrative expenses in the Company’s Unaudited Condensed Consolidated Statements of Income as follows:

	*For the Three Months Ended March 31,*
	(Amounts in Thousands)
	*2026*		*2025*
Operating lease costs	$	3,657	$	3,657
Short-term lease costs		254		284
Total lease costs		3,911		3,941
Less: sublease income		—		(226	)
Total lease costs, net	$	3,911	$	3,715

Lease Term and Discount Rate

Weighted average remaining lease terms and discount rates were as follows:

	*March 31, 2026*			*December 31, 2025*
Operating leases:
Weighted average remaining lease term		4.87			5.05
Weighted average discount rate		6.45	%		6.37	%

Maturity of Lease Liabilities

Remaining operating lease payments as of March 31, 2026 were as follows:

	*Operating Leases*
	(Amounts in Thousands)
Due in the 12-month period ended March 31,
2027	$	15,636
2028		11,968
2029		8,337
2030		6,152
2031		5,284
Thereafter		8,502
Total future minimum rental commitments		55,879
Less: Imputed interest		(8,409	)
Total lease liabilities	$	47,470

Supplemental Cash Flows Information

	*For the Three Months Ended March 31,*
	(Amounts in Thousands)
	*2026*		*2025*
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,179	$	4,182

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	2,295	$	979