XML 38 R23.htm IDEA: XBRL DOCUMENT v3.6.0.2
Note 16 - Commitments and Contingencies
12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
16.
Commitments and Contingencies
 
The Company leases certain
manufacturing and office facilities, machinery and computer equipment, automobiles and warehouse space under operating leases. The approximate aggregate minimum rental commitments at
December
31,
2016,
are as follows:
 
201
7
  $
7,922
 
201
8
   
7,314
 
201
9
   
6,368
 
20
20
   
5,559
 
202
1
   
3,946
 
After 202
1
   
5,730
 
Total
  $
36,839
 
 
Total rent expense for t
he years ended
December
31,
2016,
2015
and
2014,
was approximately
$9,146,
$4,796,
and
$4,102,
respectively.
 
The Company has an arrangement with a finance company to provide f
loor plan financing for certain dealers. The Company receives payment from the finance company after shipment of product to the dealer. The Company participates in the cost of dealer financing up to certain limits and has agreed to repurchase products repossessed by the finance company, but does not indemnify the finance company for any credit losses they incur. The amount financed by dealers which remained outstanding under this arrangement at
December
31,
2016
and
2015
was approximately
$33,900
and
$32,400,
respectively.
 
In the normal course of business, the Company is named as a defendant in various lawsuits in which claims are asserted against the Company. In the opinion of management, the liabilities, if any, which
may
result from such lawsuits are not expected to have a material adverse effect on the financial position, results of operations, or cash flows of the Company.