Company: UFPT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001171843-25-003049
Chunk: 16

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 16
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 value of lease payments.

18

ROU assets and lease liabilities consist of the following (in thousands):

			March 31,

			December 31,

			2025

			2024

			Operating lease ROU assets

			$
			15,182

			$
			16,056

			Finance lease ROU assets

			77

			92

			Total ROU assets

			$
			15,259

			$
			16,148

			Operating lease liabilities - current

			$
			4,063

			$
			4,165

			Finance lease liabilities - current

			62

			61

			Total lease liabilities - current

			$
			4,125

			$
			4,226

			Operating lease liabilities - long-term

			$
			11,651

			$
			12,398

			Finance lease liabilities - long-term

			17

			34

			Total lease liabilities - long-term

			$
			11,668

			$
			12,432

The components of lease costs for the three-month periods ended March 31, 2025 and 2024 consist of the following (in thousands):

			Three Months Ended March 31,

			2025

			2024

			Lease Cost:

			Finance lease cost:

			Amortization of right of use assets

			$
			15

			$
			24

			Interest on lease liabilities

			-

			2

			Operating lease cost

			1,097

			855

			Variable lease cost

			79

			80

			Short-term lease cost

			51

			35

			Total lease cost

			$
			1,242

			$
			996

			Cash paid for amounts included in measurement of lease liabilities:

			Operating cash flows from operating leases

			$
			1,086

			$
			834

			Financing cash flows from finance leases

			$
			16

			$
			20

			Weighted-average remaining lease term (years):

			Finance

			1.29

			1.84

			Operating

			4