Note 4 - Leases

6 Months Ended

Jun. 30, 2026

4. Leases

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

	*June 30, 2026*		*December 31, 2025*
	(Amounts in Thousands)
Operating lease assets, net	$	41,034	$	43,713

Short-term operating lease liabilities		13,059		13,144
Long-term operating lease liabilities		34,164		37,259
Total operating lease liabilities	$	47,223	$	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 June 30,*				*For the Six Months Ended June 30,*
	(Amounts in Thousands)				(Amounts in Thousands)
	*2026*		*2025*		*2026*		*2025*
Operating lease costs	$	3,599	$	3,651	$	7,255	$	7,308
Short-term lease costs		285		271		540		555
Total lease costs		3,884		3,922		7,795		7,863
Less: sublease income		—		—		—		(226	)
Total lease costs, net	$	3,884	$	3,922	$	7,795	$	7,637

Lease Term and Discount Rate

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

	*June 30, 2026*			*December 31, 2025*
Operating leases:
Weighted average remaining lease term		4.78			5.05
Weighted average discount rate		6.48	%		6.37	%

Maturity of Lease Liabilities

Remaining operating lease payments as of June 30, 2026 were as follows:

	*Operating Leases*
	(Amounts in Thousands)
Due in the 12-month period ended June 30,
2027	$	15,526
2028		11,808
2029		8,470
2030		6,523
2031		5,612
Thereafter		7,559
Total future minimum rental commitments		55,498
Less: Imputed interest		(8,275	)
Total lease liabilities	$	47,223

Supplemental Cash Flows Information

	*For the Six Months Ended June 30,*
	(Amounts in Thousands)
	*2026*		*2025*
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	8,257	$	8,368

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	5,387	$	5,158