Company: ZEUS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001437749-25-004742
Chunk: 621

Company: OLYMPIC STEEL INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 4
Chunk 621
---
,253

     -

     -

      Finance lease obligations 
      
      (c) 

     2,821

     976

     1,313

     524

     8

      Unrecognized tax positions 
      
      (d) 

     293

     111

     182

     -

     -

      Other long-term liabilities 
      
      (e) 

     22,857

     3,944

     11,432

     5,253

     2,228

      Total contractual and other obligations 

     $
     321,377

     $
     20,728

     $
     292,636

     $
     5,777

     $
     2,236

      (a)  
      See Note 9 to the Consolidated Financial Statements.  

      (b)  
      Future interest obligations are calculated using the debt balances and interest rates in effect on December 31, 2024. 

      (c)  
      See Note 8 to the Consolidated Financial Statements.   

      (d)  
      See Note 14 to the Consolidated Financial Statements.  Classification is based on expected settlement dates and the expiration of certain statutes of limitations. 

      (e)  
      Consists of retirement liabilities, long-term cash incentives and deferred compensation payable in future years. 

Off-Balance Sheet Arrangements

An off-balance sheet arrangement is any contractual arrangement involving an unconsolidated entity under which a company has (a) made guarantees, (b) a retained or a contingent interest in transferred assets, (c) any obligation under certain derivative instruments or (d) any obligation under a material variable interest in an unconsolidated entity that provides financing, liquidity, market risk or credit risk support to a company, or engages in leasing, hedging, or research and development services within a company.

Other than derivative instruments discussed in Note 10 to the Consolidated Financial Statements, as of December 31, 2024, we had no material off-balance sheet arrangements.

Effects of Inflation

Inflation generally affects us by increasing the cost of employee wages and benefits, transportation services, energy, borrowings under our credit facility, processing equipment, and purchased metals. Although general inflation, excluding increases in the price of metals, increased labor and interest rates, has increased during 2024, it has not