Company: UFPT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001171843-25-003049
Chunk: 92

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 92
---
 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

			4.03

			4.00

			Weighted-average discount rate:

			Finance

			2.12
			%

			2.27
			%

			Operating

			4.97
			%

			3.73
			%

19

The aggregate future lease payments for leases as of March 31, 2025 are as follows (in thousands):

			Operating

			Finance

			Remainder of 2025

			$
			3,153

			$
			63

			2026

			3,850

			17

			2027

			3,422

			1

			2028

			2,327

			-

			2029

			1,537

			-

			Thereafter

			4,017

			-

			Total lease payments

			18,306

			81

			Less: Interest

			(2,592
			)

			(2
			)

			Present value of lease liabilities

			$
			15,714

			$
			79

			(12)

			Income Per Share

Basic income per share is based on the weighted average number of shares of common stock outstanding. Diluted income per share is based upon the weighted average number of common shares outstanding and dilutive common stock equivalent shares outstanding during each period.

The weighted average number of shares used to compute basic and diluted net income per share consisted of the following (in thousands):

			Three Months Ended

			March 31,

			202