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LEASES AND COMMITMENTS | 12 Months Ended
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Dec. 31, 2019
Leases and Commitments [Abstract] |
Leases and Commitments [Text Block] | LEASES AND COMMITEMENTS: Facilities and Leases The Company owns its main executive, administrative, manufacturing and technical offices in San Jose, California. The Company also owns a research and development facility in New Jersey and a test facility in Biel, Switzerland. The Company’s leases consist of operating leases for administrative office spaces, research-and-development facilities, design centers and sales offices in various countries around the world. The Company determines if an arrangement is a lease at inception. Some lease agreements contain lease and non-lease components, which are accounted for as a single lease component. Total lease expense was $2.5 million, $2.2 million and $2.0 million in the years ended December 31, 2019, 2018 and 2017, respectively, while short-term and variable lease expenses were not material during these periods. Balance sheet information related to leases was as follows:
(In thousands) | Balance Sheet Classification | December 31, 2019
Right-of-use assets |  |
Operating lease assets | Other assets | $ | 9,521 |
Lease liabilities |  |
Current operating lease liabilities | Other accrued liabilities | $ | 1,954 |
Non-current operating lease liabilities | Other liabilities | 7,031 |
Total |  | $ | 8,985 |
Initial lease terms are determined at commencement and may include options to extend or terminate the lease when it is reasonably certain the Company will exercise the option. Remaining lease terms range from one to nine years, some of which include options to extend for up to six years, and some of which include options to terminate within one year. Leases with an initial term of twelve months or less are not recorded on the balance sheet. As the Company’s leases do not provide an implicit rate, the present value of future lease payments is determined using the Company’s incremental borrowing rate based on information available at commencement date.
Lease term and discount rate | December 31, 2019
Weighted average remaining lease term | 4.8 years |
Weighted average discount rate | 3.9 | %
Supplemental cash flows information related to leases was as follow:
| Year-ended
(In thousands) | December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | $ | 2,964 |
Right-of-use assets obtained in exchange for new operating lease obligations | $ | 4,884 |
Future minimum lease payments under all non-cancelable lease agreements as of December 31, 2019, are as follows:
(In thousands) | December 31, 2019
2020 | $ | 2,131 |
2021 | 2,313 |
2022 | 1,923 |
2023 | 1,690 |
2024 | 699 |
Thereafter | 1,082 |
Total future minimum lease payments | 9,838 |
Less imputed interest | (853 | )
Total | $ | 8,985 |
Purchase Obligations At December 31, 2019, the Company had no non-cancelable purchase obligations that were due beyond one year.

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- Definition Leases and Commitments [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI http://asc.fasb.org/topic&trid=2144648 + Details
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