Company: CVGI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001628280-25-022764
Chunk: 51

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 51
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 security agreement 1$85,000 $85,000 $85,000 $84,363 Revolving credit facility$32,400 $32,400 $50,500 $50,500 1.Presented in the Condensed Consolidated Balance Sheets as the current portion of long-term debt of $13.9 million and long-term debt of $71.1 million as of March 31, 2025 and current portion of long-term debt of $8.4 million and long-term debt of $76.6 million as of December 31, 2024.

7.   Leases 

The components of lease expense are as follows:Three Months Ended March 31,20252024Operating lease cost $3,211 $2,399 Finance lease cost26 34 Short-term lease cost 1,026 796 Total lease expense$4,263 $3,229 

11

Supplemental balance sheet information related to leases is as follows:Balance Sheet LocationMarch 31, 2025December 31, 2024Operating LeasesRight-of-use assets, netOther assets, net$35,272 $29,931 Current liabilitiesAccrued liabilities and other8,160 8,033 Non-current liabilitiesOther long-term liabilities28,112 22,795      Total operating lease liabilities$36,272 $30,828 Finance Leases     Right-of-use assets, netOther assets, net$136 $97 Current liabilitiesAccrued liabilities and other54 57 Non-current liabilitiesOther long-term liabilities80 37      Total finance lease liabilities$134 $94 Cash payments on operating leases were $2.8 million and $2.5 million for the three months ended March 31, 2025 and 2024 respectively. Anticipated future lease costs, which are based in part on certain assumptions to approximate annual rental commitments under non-cancelable leases, are as follows:OperatingFinancingTotalRemainder of 2025$9,200 $54 $9,254 202610,010 47 10,057 20276,837 24 6,861 20285,318 17 5,335 20294,358 16 4,374 Thereafter20,109 — 20,109 Total lease payments$55,832 $158 $