Sorry, I read it wrong I think; on that row you would be repeating row 1. It starts out k25, p 3, so yes you would k16, bo 3, then you would k3, p3 and finish the row. Next row is a repeat of row 2 and you incorporate the 14 thumb sts into that. So work the first 22 sts of row 2, p 14 and take it from there.
Have you got to that point in your knitting or are you reading ahead? Very often it makes more sense if you do it step by step with the yarn and needles than try to visualize it.