Company: BWMN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-023232
Chunk: 32

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 32
---
21,373)Non-current:Operating lease liabilitiesOperating lease obligation, less current portion$(37,961)$(37,058)Finance lease liabilitiesFinance lease obligation, less current portion$(16,506)$(17,940)Total non-current lease liabilities$(54,467)$(54,998)The following tables present selected financial information:Three Months Ended(Amounts in thousands)March 31, 2025March 31, 2024Operating lease costAmortization of right-of-use assets$3,560 $3,088 Finance lease cost:Amortization of right-of-use assets2,996 1,964 Interest on lease liabilities448 364 Sublease income(27)(27)Total lease cost$6,977 $5,389 Three Months Ended(Amounts in thousands)March 31, 2025March 31, 2024Cash paid for amounts included in the measurements of lease liabilitiesOperating cash flows from operating leases$3,574 $3,021 Operating cash flows from finance leases448 364 Financing cash flows from finance leases2,702 1,716 Right-of-use assets obtained in exchange for new operating leases3,913 1,772 Right-of-use assets obtained in exchange for new finance leases2,024 3,002 

26

As ofAs ofMarch 31, 2025December 31, 2024Weighted average remaining lease term (in years):Operating leases4.694.71Finance leases2.382.48Weighted average discount rates:Operating leases6.8 %6.7 %Finance leases6.8 %6.7 %Future minimum commitments under leases for the remainder of 2025 and succeeding years are as follows (in thousands): (Amounts in thousands)Operating LeaseFinance Lease2025$10,529 $9,147 202612,547 8,772 202711,059 4,566 20289,975 1,855 20297,158 92 Thereafter6,289 – Total lease payments$57,557 $24,432 Less: Amounts representing interest$(8,540)$(2,565)Total lease liabilities$49,017 $21,867 The above table is exclusive of $0.1 million sub-lease income associated with the $49.1 million total liability of operating leases as presented on