Leases (Tables)

6 Months Ended

Jun. 30, 2025

The components of lease expense were as follows:


	Three Months Ended June 30				Six Months Ended June 30
	2025		2024		2025		2024
	(thousands)
Operating lease cost	$	3,605	$	3,493	$	7,021	$	6,968
Finance lease cost
Amortization of right-of-use assets	545		624		1,145		1,241
Interest on lease liabilities	493		542		996		1,083
Variable lease cost	1,414		1,584		2,906		3,161
Short-term lease cost	1,592		1,350		3,285		2,814
Sublease income	(64)		(32)		(117)		(79)
Total lease cost	$	7,585	$	7,561	$	15,236	$	15,188

Supplemental cash flow information related to leases was as follows:


	Six Months Ended June 30
	2025		2024
	(thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	6,797	$	6,470
Operating cash flows from finance leases	995		1,065
Financing cash flows from finance leases	943		952
Right-of-use assets obtained in exchange for lease obligations
Operating leases	8,885		1,955
Finance leases	—		803

Other information related to leases was as follows:



	June 30, 2025		December 31, 2024

Weighted-average remaining lease term (years)
Operating leases	7		7
Finance leases	12		13
Weighted-average discount rate
Operating leases	5.9	%	5.9	%
Finance leases	8.6	%	7.5	%

As of June 30, 2025, our minimum lease payment requirements for noncancelable operating and finance leases are as follows:


	Operating Leases		Finance Leases
	(thousands)
Remainder of 2025	$	7,192	$	1,203
2026	11,793		2,417
2027	11,238		2,462
2028	8,883		2,293
2029	8,158		2,252
Thereafter	23,244		17,087
Total future minimum lease payments	70,508		27,714
Less: interest	(13,341)		(10,510)
Total lease obligations	57,167		17,204
Less: current obligations	(10,320)		(1,024)
Long-term lease obligations	$	46,847	$	16,180

As of June 30, 2025, our minimum lease payment requirements for noncancelable operating and finance leases are as follows:


	Operating Leases		Finance Leases
	(thousands)
Remainder of 2025	$	7,192	$	1,203
2026	11,793		2,417
2027	11,238		2,462
2028	8,883		2,293
2029	8,158		2,252
Thereafter	23,244		17,087
Total future minimum lease payments	70,508		27,714
Less: interest	(13,341)		(10,510)
Total lease obligations	57,167		17,204
Less: current obligations	(10,320)		(1,024)
Long-term lease obligations	$	46,847	$	16,180

BOISE CASCADE Co 10-Q