Company: ZEUS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014325
Chunk: 6

Company: OLYMPIC STEEL INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 6
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,068 
  $138,656  $(20,545) $118,111 

   The Company estimates that amortization expense for its intangible assets subject to amortization will be approximately $5.6 million per year for the next year, $5.1 million the following year and then $4.8 million, $4.7 million, $3.9 million and $3.8 million respectively, over the next four years.

    6.  Leases: 

   The components of lease expense were as follows:

       For the Three Months  
   Ended March 31,  
 (in thousands)   2025    2024  
 Operating lease cost  $2,345  $2,398 
         
 Finance lease cost:         
 Amortization of right-of-use assets  $220  $283 
 Interest on lease liabilities   35   38 
 Total finance lease cost  $255  $321 

   Supplemental cash flow information related to leases was as follows:

       For the Three Months  
   Ended March 31,  
 (in thousands)   2025    2024  
 Cash paid for lease liabilities:         
 Operating cash flows from operating leases  $2,236  $2,386 
 Operating cash flows from finance leases   35   38 
 Financing cash flows from finance leases   225   289 
 Total cash paid for lease liabilities  $2,496  $2,713 

       11

   Supplemental balance sheet information related to leases was as follows:

       March 31,    December 31,  
 (in thousands)   2025    2024  
 Operating Leases         
 Operating lease  $59,158  $54,337 
 Operating lease accumulated amortization   (17,073)  (17,401)
 Operating lease right-of-use asset, net   42,085   36,936 
         
 Operating lease current liabilities   6,458   5,865 
 Operating lease liabilities   36,610   31,945 
 Total operating lease liabilities  $43,068  $37,810 
         
 Finance Leases         
 Finance lease   4,363   4,812 
 Finance