Company: SENEA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025429
Chunk: 22

Company: Seneca Foods Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 22
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 not recorded on the accompanying condensed consolidated balance sheets and are expensed as incurred.

The components of lease cost were as follows (in thousands): 

			Three Months Ended

			June 28,

			June 29,

			2025

			2024

			Lease cost:

			Amortization of right-of-use assets

			$
			904

			$
			1,127

			Interest on lease obligations

			112

			154

			Finance lease cost

			1,016

			1,281

			Operating lease cost

			1,087

			1,832

			Short-term lease cost

			3,683

			2,745

			Total lease cost

			$
			5,786

			$
			5,858

			Cash paid for amounts included in the measurement of lease obligations:

			Operating cash flows from finance leases

			$
			112

			$
			154

			Operating cash flows from operating leases

			2,066

			3,089

			Financing cash flows from finance leases

			1,023

			1,390

			$
			3,201

			$
			4,633

			Right-of-use assets obtained in exchange for new finance lease obligations

			$
			-

			$
			-

			Right-of-use assets obtained in exchange for new operating lease obligations

			$
			1,955

			$
			1,391

			Right-of-use assets derecognized upon early termination of finance leases

			$
			2

			$
			-

			Right-of-use assets derecognized upon early termination of operating leases

			$
			57

			$
			5,627

			Weighted-average lease term (years):

			Finance leases

			3.7

			4.2

			Operating leases

			4.1

			4.6

			Weighted-average discount rate (percentage):

			Finance leases

			4.2
			%

			4.0
			%

			Operating leases

			5.2
			%

			4.9
			%

11

SENECA FOOD