Company: ZEUS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001437749-25-024377
Chunk: 7

Company: OLYMPIC STEEL INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 7
---
8 million, $4.7 million, $3.9 million and $3.9 million respectively, over the next four years.

    6.  Leases: 

   The components of lease expense were as follows:

       For the Three Months    For the Six Months  
   Ended June 30,    Ended June 30,  
 (in thousands)   2025    2024    2025    2024  
 Operating lease cost  $2,386  $2,152  $4,731  $4,549 
                 
 Finance lease cost:                 
 Amortization of right-of-use assets  $215  $308  $435  $592 
 Interest on lease liabilities   34   43   69   80 
 Total finance lease cost  $249  $351  $504  $672 

   Supplemental cash flow information related to leases was as follows:

       For the Three Months    For the Six Months  
   Ended June 30,    Ended June 30,  
 (in thousands)   2025    2024    2025    2024  
 Cash paid for lease liabilities:                 
 Operating cash flows from operating leases  $2,283  $2,122  $4,519  $4,509 
 Operating cash flows from finance leases   34   43   69   80 
 Financing cash flows from finance leases   218   314   443   603 
 Total cash paid for lease liabilities  $2,535  $2,479  $5,031  $5,192 

       11

   Supplemental balance sheet information related to leases was as follows:

       June 30,    December 31,  
 (in thousands)   2025    2024  
 Operating Leases         
 Operating lease  $59,542  $54,337 
 Operating lease accumulated amortization   (18,702)  (17,401)
 Operating lease right-of-use asset, net   40,840   36,936 
         
 Operating lease current liabilities   6,629   5,865 
 Operating lease liabilities