XML 76 R22.htm IDEA: XBRL DOCUMENT
v3.19.3

Note 13 - Leases | 9 Months Ended
--- | ---
Sep. 30, 2019
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] |
13. | LEASES
The Company has operating leases for its facilities used for manufacturing, research and development, sales and administration. There are also operating and finance leases related to manufacturing equipment, office equipment and vehicles. These leases have remaining lease terms ranging from 1 year to 8 years. Certain of the leases contain options to extend the term of the lease and certain of the leases contain options to terminate the lease within a specified period of time. These options to extend or terminate a lease are included in the lease term only when it is reasonably likely that the Company will elect that option. The Company is not a party to any material sublease arrangements. The components of lease expense, which are included in cost of sales and selling, general and administrative expense, based on the underlying use of the ROU asset, were as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2019 |  |  | September 30, 2019 |
Amortization of ROU assets - finance leases |  | $ | 33 |  |  | $ | 100 |
Interest on lease liabilities - finance leases |  |  | 12 |  |  |  | 36 |
Operating lease cost (cost resulting from lease payments) |  |  | 1,950 |  |  |  | 5,931 |
Short-term lease cost |  |  | 1 |  |  |  | 101 |
Variable lease cost (cost excluded from lease payments) |  |  | 64 |  |  |  | 194 |
Sublease income |  |  | - |  |  |  | - |
Total lease cost |  | $ | 2,060 |  |  | $ | 6,362 |
Supplemental cash flow information related to leases are as follows:
|  | Nine Months Ended |
|  | September 30, 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 5,958 |
Operating cash flows from finance leases |  |  | 36 |
Finance cash flows from finance leases |  |  | 86 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |
Operating leases |  |  | 21,783 |
Finance leases |  |  | - |
Supplemental balance sheet information related to leases was as follows:
|  | September 30, 2019 |
Operating Leases: |  |  |  |
Operating lease right-of-use assets |  | $ | 16,296 |
Operating lease liability, current |  |  | 6,039 |
Operating lease liability, long-term |  |  | 10,713 |
Total operating lease liabilities |  |  | 16,752 |
Finance Leases: |  |  |  |
Property, plant and equipment, gross |  | $ | 860 |
Accumulated depreciation |  |  | (225 | )
Property, plant and equipment, net |  |  | 635 |
Other current liabilities |  |  | 97 |
Other long-term liabilities |  |  | 529 |
Total finance lease liabilities |  | $ | 626 |
|  | September 30, 2019 |
Weighted-Average Remaining Lease Term: |  |  |
Operating leases (in years) |  | 3.22 |
Finance leases (in years) |  | 5.1 |
Weighted-Average Discount Rate: |  |  |
Operating leases |  | 6.0 | %
Finance leases |  | 6.5 | %
Our discount rate is based on our incremental borrowing rate, as adjusted based on the geographic regions in which our leases assets are located. Maturities of lease liabilities were as follows as of September 30, 2019 :
Year Ending |  | Operating |  |  | Finance |
September 30, |  | Leases |  |  | Leases |
2020 |  | $ | 6,712 |  |  | $ | 160 |
2021 |  |  | 5,310 |  |  |  | 159 |
2022 |  |  | 3,681 |  |  |  | 159 |
2023 |  |  | 2,031 |  |  |  | 159 |
2024 |  |  | 326 |  |  |  | 159 |
Thereafter |  |  | 438 |  |  |  | 26 |
Total undiscounted cash flows |  |  | 18,498 |  |  |  | 822 |
Less imputed interest |  |  | (1,746 | ) |  |  | (196 | )
Present value of lease liabilities |  | $ | 16,752 |  |  | $ | 626 |
As of September 30, 2019 , the Company did not have any additional operating or financing leases that have not yet commenced.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration