Annual report [Section 13 and 15(d), not S-K Item 405]

LEASES (Tables)

v3.25.0.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of ROU Assets and Lease Liabilities
The following is a summary of the Company’s ROU assets and lease liabilities at December 31:
(In thousands) 2024 2023
Operating Leases:
Operating Right-of-Use Assets, Gross $ 43,626  $ 43,528 
Less Accumulated Right-of-Use Asset Impairment —  53 
Less Accumulated Amortization 20,017  15,566 
Operating Right-of-Use Assets, Net $ 23,609  $ 27,909 
Short-term Operating Lease Liabilities $ 4,697  $ 5,069 
Long-term Operating Lease Liabilities 20,508  24,376 
Operating Lease Liabilities $ 25,205  $ 29,445 
Finance Leases:
Finance Right-of-Use Assets, Gross $ 329  $ 274 
Less Accumulated Amortization 149  80 
Finance Right-of-Use Assets, Net — Included in Other Assets $ 180  $ 194 
Short-term Finance Lease Liabilities — Included in Other Accrued Expenses
 $ 79  $ 97 
Long-term Finance Lease Liabilities — Included in Other Liabilities 48  104 
Finance Lease Liabilities $ 127  $ 201 
Schedule of Lease Costs and Cash Paid
The following is a summary of the Company’s total lease costs as of December 31:
(In thousands) 2024 2023
Finance Lease Cost:
Amortization of ROU Assets $ 76  $ 54 
Interest on Lease Liabilities 10  9 
Total Finance Lease Cost 86  63 
Operating Lease Cost 6,731  6,352 
Impairment Charge of Operating Lease ROU Asset —  53 
Variable Lease Cost 2,550  2,240 
Short-term Lease Cost (excluding month-to-month) 178  251 
Less Sublease and Rental Income (969) (548)
Total Operating Lease Cost 8,490  8,348 
Total Net Lease Cost $ 8,576  $ 8,411 
The following is a summary of cash paid for amounts included in the measurement of lease liabilities as of December 31:
(In thousands) 2024 2023
Operating Cash Flow for Finance Leases $ 10  $ 9 
Operating Cash Flow for Operating Leases $ 6,664  $ 6,180 
Financing Cash Flow for Finance Leases $ 135  $ 47 
Schedule of Maturity of Lease Liabilities, Operating Leases
The following is a summary of the Company’s maturity of lease liabilities:
(In thousands) Operating Leases Financing Leases
2025 $ 5,928  $ 84 
2026 4,503  43 
2027 3,802  13 
2028 3,620  — 
2029 3,024  — 
Thereafter 10,161  — 
Total Lease Payments 31,038  140 
Less: Interest 5,833  13 
Total Lease Liability $ 25,205  $ 127 
Schedule of Maturity of Lease Liabilities, Financing Leases
The following is a summary of the Company’s maturity of lease liabilities:
(In thousands) Operating Leases Financing Leases
2025 $ 5,928  $ 84 
2026 4,503  43 
2027 3,802  13 
2028 3,620  — 
2029 3,024  — 
Thereafter 10,161  — 
Total Lease Payments 31,038  140 
Less: Interest 5,833  13 
Total Lease Liability $ 25,205  $ 127