| Leases |
NOTE 13 - LEASES The Company has operating and finance leases for office facilities, a data center, vehicles, and certain equipment. Lease expense and cash flow for the three and nine months ended September 30, 2025 and 2024 are as follows:
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Three Months Ended |
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Nine Months Ended |
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September 30,
2025 |
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September 30,
2024 |
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September 30,
2025 |
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September 30,
2024 |
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Lease Expense |
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Finance lease expense: |
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Amortization of right-of-use assets |
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$ |
199 |
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$ |
141 |
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$ |
624 |
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$ |
404 |
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Interest on lease liabilities |
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22 |
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8 |
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70 |
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19 |
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Operating lease expense |
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796 |
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809 |
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2,379 |
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2,443 |
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Total lease expense |
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$ |
1,017 |
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$ |
958 |
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$ |
3,073 |
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$ |
2,866 |
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Cash Flow Components |
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Cash paid for amounts included in the measurement of lease liabilities: |
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Operating cash outflows from finance leases |
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$ |
22 |
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$ |
8 |
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$ |
70 |
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$ |
19 |
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Operating cash outflows from operating leases |
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817 |
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833 |
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2,449 |
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2,518 |
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Financing cash outflows from finance leases |
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208 |
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159 |
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664 |
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452 |
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Right-of-use assets obtained in exchange for finance lease liabilities,
net of terminations and disposals |
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— |
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340 |
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412 |
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354 |
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Right-of-use assets obtained in exchange for operating lease
liabilities, net of terminations and disposals |
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748 |
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28 |
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860 |
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68 |
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Operating and finance lease assets and liabilities, average lease term, and average discount rate as of September 30, 2025 and December 31, 2024 are as follows:
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September 30,
2025 |
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December 31,
2024 |
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Balance Sheet Information |
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Operating leases: |
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Other noncurrent assets |
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$ |
6,205 |
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$ |
7,057 |
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Accrued liabilities |
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$ |
3,188 |
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$ |
2,870 |
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Other noncurrent liabilities |
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2,808 |
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4,082 |
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Total operating lease liabilities |
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$ |
5,996 |
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$ |
6,952 |
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Finance leases: |
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Property, plant and equipment gross |
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$ |
3,462 |
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$ |
3,000 |
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Accumulated depreciation |
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(2,066 |
) |
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(1,441 |
) |
Property, plant and equipment, net |
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$ |
1,396 |
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$ |
1,559 |
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Current portion of long-term debt |
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$ |
471 |
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$ |
564 |
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Long-term debt (less current portion) |
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524 |
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526 |
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Total finance lease liabilities |
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$ |
995 |
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$ |
1,090 |
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Lease Term and Discount Rates |
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Weighted-average remaining lease term - finance leases (years) |
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1.9 |
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2.0 |
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Weighted-average remaining lease term - operating leases (years) |
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2.2 |
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3.3 |
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Weighted-average discount rate - finance leases |
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8.2 |
% |
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5.6 |
% |
Weighted-average discount rate - operating leases |
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5.0 |
% |
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5.0 |
% |
Future minimum payments under our leases as of September 30, 2025 are as follows:
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Amount |
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Lease Maturities |
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Finance Leases |
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Operating Leases |
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2025 |
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$ |
471 |
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$ |
911 |
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2026 |
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204 |
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3,226 |
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2027 |
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393 |
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1,617 |
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2028 |
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13 |
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180 |
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2029 |
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- |
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163 |
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Thereafter |
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- |
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219 |
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Total |
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1,081 |
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6,316 |
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Less: Imputed interest |
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(86 |
) |
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(320 |
) |
Total lease liabilities, net of interest |
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$ |
995 |
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$ |
5,996 |
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