Company: KVHI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001007587-25-000012
Chunk: 146

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 146
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 and $724, respectively. There were no material changes during the six months ended June 30, 2025 to the Company’s reserve for 

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uncertain tax positions. The Company estimates that it is reasonably possible that the balance of unrecognized tax benefits as of June 30, 2025 may decrease $16 in the next twelve months as a result of a lapse of statutes of limitations and settlements with taxing authorities.The Company’s tax jurisdictions include the United States, the United Kingdom, Denmark, Cyprus, Norway, Brazil, Singapore, Japan and India. In general, the statute of limitations with respect to the Company's United States federal income taxes has expired for years prior to 2020, and the relevant state and foreign statutes vary. However, preceding years remain open to examination by United States federal and state and foreign taxing authorities to the extent of future utilization of net operating losses and research and development tax credits generated in each preceding year.

(16)     Leases

LesseeThe Company has operating leases for office facilities, equipment, and satellite service capacity and related equipment. Lease expense was $235 and $366 for the three months ended June 30, 2025 and 2024, respectively, and $506 and $719 for the six months ended June 30, 2025 and 2024, respectively. Short-term operating lease costs were $24 and $20 for the three months ended June 30, 2025 and 2024, respectively, and $46 and $39 for the six months ended June 30, 2025 and 2024, respectively. Maturities of lease liabilities as of June 30, 2025 under operating leases having an initial or remaining non-cancelable term of one year or more are as follows:Remainder of 2025$468 2026406 2027251 2028 and thereafter164 Total minimum lease payments$1,289 Less amount representing interest$(76)Present value of net minimum operating lease payments$1,213 Less current installments of obligation under current-operating lease liabilities$651 Obligations under long-term operating lease liabilities, excluding current installments$562 Weighted-average remaining lease term - operating leases (years)2.16Weighted-average discount rate - operating leases5.50 %LessorThe Company enters into leases with certain customers primarily for the TracPhone and TracNet VSAT systems. These leases are classified as sales-type leases