Company: PAMT
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025711
Chunk: 24

Company: PAMT CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 24
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 $913 
     
 Balance Sheet Classification     
 Right-of-use assets (recorded in other non-current assets)  $913 
     
 Current lease liabilities (recorded in other current liabilities)  $334 
 Long-term lease liabilities (recorded in other long-term liabilities)   579 
 Total operating lease liabilities  $913 
     
 Other Information     
 Weighted-average remaining lease term for operating leases (years)   2.83 
 Weighted-average discount rate for operating leases   5.62%

   Cash Flows
    
   A right-of-use asset of $1.0 million was recognized as a non-cash asset addition that resulted from new operating lease liabilities during the three months ended  June 30, 2025. Cash paid for amounts included in the present value of operating lease liabilities was $0.05 million during the three months ended  June 30, 2025 and is included in operating cash flows.

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   Operating Lease Costs
   
       Three Months Ended    Six Months Ended  
   June 30,    June 30,  
   2025    2024    2025    2024  
   (in thousands)  
                 
 Long-term  $48  $29  $48  $114 
 Short-term   1,085   825   1,864   1,680 
 Total  $1,133  $854  $1,912  $1,794 

   Lease Revenue
    
   The Company's operating lease revenue is disclosed in the table below.
   
       Three Months Ended    Six Months Ended  
   June 30,    June 30,  
   2025    2024    2025    2024  
   (in thousands)  
                 
 Leased truck revenue (recorded in revenue, before fuel surcharge)  $2,623  $2,501  $5,228  $4,492 
 Leased building space revenue (recorded in non-operating income)   209   111   412   239 
 Total lease revenue  $2,832  $2,612  $5,640  $4,731 

   The Company leases trucks to owner