XML 30 R14.htm IDEA: XBRL DOCUMENT v3.20.4

Note 6 - Leases

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Leases of Lessee Disclosure [Text Block]

Note 6 – Leases

The Company is currently a lessee under a number of operating leases and two finance leases for certain offices, manufacturing facilities, land, office equipment and automobiles, none of which are material to its operations. The Company’s leases generally have remaining lease terms of 1 year to 5 years, some of which include options to extend the leases for up to 5 years, and some of which include options to terminate the leases within 1 year. These leases do not have significant rent escalation holidays, concessions, leasehold improvement incentives, or other build-out clauses. Further, the leases do not contain contingent rent provisions.

Supplemental information related to leases and the Company’s Consolidated Financial Statements is as follows:

		2020				2019
Components of lease costs:
Operating lease costs		$	431			$	370
Short-term lease costs			336				527
Finance lease costs			144				98
Total lease costs		$	911			$	995

		December 31, 2020				December 31, 2019
Weighted average remaining lease term (years):
Operating leases			2.1				2.9
Finance leases			3.3				4.3
Weighted average discount rate:
Operating leases			3.25	%			3.25	%
Finance leases			3.25	%			3.25	%

		December 31, 2020
		Operating Leases				Financing Leases				Total Leases
Other assets - right-of-use assets		$	1,250			$	420			$	1,670
Lease liabilities included in:
Accrued expenses - current portion of lease liabilities		$	580			$	130			$	710
Other long-term liabilities - non-current portion of lease liabilities			650				310				960
Total lease liabilities		$	1,230			$	440			$	1,670

		December 31, 2019
		Operating Leases				Financing Leases				Total Leases
Other assets - right-of-use assets		$	1,260			$	550			$	1,810
Lease liabilities included in:
Accrued expenses - current portion of lease liabilities		$	520			$	120			$	640
Other long-term liabilities - non-current portion of lease liabilities			730				440				1,170
Total lease liabilities		$	1,250			$	560			$	1,810

Maturities of lease liabilities are as follows:

		December 31, 2020
2021		$	752
2022			547
2023			348
2024			86
2025			11
Thereafter			6
Total lease payments		$	1,750
Less: Interest			(80	)
Present value of lease liabilities		$	1,670

		December 31, 2019
2020		$	712
2021			524
2022			360
2023			241
2024			46
Thereafter			9
Total lease payments		$	1,892
Less: Interest			(82	)
Present value of lease liabilities		$	1,810

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 lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-URI http://asc.fasb.org/topic&trid=2208923

+ Details

Name:	us-gaap_LeasesOfLesseeDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration