Company: UFPT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001171843-25-005268
Chunk: 18

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 18
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51

			61

			Total lease liabilities - current

			$
			4,715

			$
			4,226

			Operating lease liabilities - long-term

			$
			12,736

			$
			12,398

			Finance lease liabilities - long-term

			13

			34

			Total lease liabilities - long-term

			$
			12,749

			$
			12,432

The components of lease costs for the six months ended June 30, 2025 and 2024 consist of the following (in thousands):

			Six Months Ended June 30,

			2025

			2024

			Lease Cost:

			Finance lease cost:

			Amortization of right of use assets

			$
			30

			$
			48

			Interest on lease liabilities

			1

			4

			Operating lease cost

			2,321

			1,713

			Variable lease cost

			342

			160

			Short-term lease cost

			97

			86

			Total lease cost

			$
			2,791

			$
			2,011

			Cash paid for amounts included in measurement of lease liabilities:

			Operating cash flows from operating leases

			$
			2,244

			$
			1,682

			Financing cash flows from finance leases

			$
			32

			$
			41

			ROU assets obtained in exchange for lease liabilities

			$
			2,711

			$
			-

			Weighted-average remaining lease term (years):

			Finance

			1.04

			1.59

			Operating

			3.78

			3.79

			Weighted-average discount rate:

			Finance

			2.13
			%

			3.77
			%

			Operating

			5.25
			%

			3.72
			%

19

The aggregate future lease payments for leases as of June 30, 2025 are as follows (in thousands):

			Operating

			Finance

			Remainder of 2025

			$
			2,355