BOISE CASCADE Co
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
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9. Leases
- Leases
Lease Costs
The components of lease expense were as follows:
| Year Ended December 31 | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (thousands) | |||
| Operating lease cost | $14,530 | $13,690 | $13,227 |
| Finance lease cost | |||
| Amortization of right-of-use assets | 1,774 | 2,480 | 2,470 |
| Interest on lease liabilities | 1,702 | 2,147 | 2,229 |
| Variable lease cost | 5,628 | 5,800 | 5,429 |
| Short-term lease cost | 7,014 | 5,784 | 6,149 |
| Sublease income | (234) | (153) | (330) |
| Total lease cost | $30,414 | $29,748 | $29,174 |
Other Information
Supplemental cash flow information related to leases was as follows:
| Year Ended December 31 | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (thousands) | |||
| Cash paid for amounts included in the measurement of lease liabilities | |||
| Operating cash flows from operating leases | $14,229 | $13,125 | $13,472 |
| Operating cash flows from finance leases | 1,699 | 2,128 | 2,226 |
| Financing cash flows from finance leases | 1,441 | 1,955 | 1,831 |
| Right-of-use assets obtained in exchange for lease obligations | |||
| Operating leases | 17,435 | 5,356 | 18,147 |
| Finance leases | — | 803 | — |
Other information related to leases was as follows:
| December 31, 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 December 31, 2025, our minimum lease payment requirements for noncancelable operating and finance leases are as follows:
| Operating Leases · Finance Leases | ||
|---|---|---|
| (thousands) | ||
| 2026 | $13,454 | $2,417 |
| 2027 | 12,827 | 2,462 |
| 2028 | 10,186 | 2,293 |
| 2029 | 9,212 | 2,252 |
| 2030 | 7,208 | 2,019 |
| Thereafter | 20,859 | 15,068 |
| Total future minimum lease payments | 73,746 | 26,511 |
| Less: interest | (13,648) | (9,804) |
| Total lease obligations | 60,098 | 16,707 |
| Less: current obligations | (10,320) | (1,076) |
| Long-term lease obligations | $49,778 | $15,631 |
As of December 31, 2025, the undiscounted future lease payments for an additional lease that has not yet commenced are approximately $26 million. This lease is expected to commence in 2026 with a lease term of 16 years.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.