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Note 2 - Adoption of New Accounting Standard | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | 2. Adoption of New Accounting Standard We adopted FASB Accounting Standards Update, or ASU, No. 2016-02, Leases (ASC 842), as of January 1, 2019, using the modified retrospective approach. In addition, we elected the practical expedients permitted under the transition guidance within the new standard, which among other things, allowed us to carry forward the historical lease classification. Adoption of the new standard resulted in the recording of additional operating lease assets and lease liabilities of approximately $1.1 million, respectively, as of January 1, 2019. The standard did not impact our consolidated net earnings and had no impact on cash flows. The cumulative effect of the changes made to our consolidated balance sheet on January 1, 2019 for the adoption of the new leasing standard was as follows:
(In thousands) |  | Balance at December 31, 2018 |  |  | Adjustments due to ASC 842 |  |  | Balance at January 1, 2019 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Other noncurrent assets |  | $ | 2,146 |  |  | $ | 1,135 | (a) |  | $ | 3,281 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accrued and other current liabilities |  |  | 28,166 |  |  |  | 540 |  |  |  | 28,706 |
Noncurrent operating lease liabilities |  |  | - |  |  |  | 595 |  |  |  | 595 |
| (a) | Operating lease assets balance at January 1, 2019.
The impact of the adoption of the new leasing standard on our consolidated balance sheet as of December 31, 2019 was as follows:
|  | Balance at December 31, 2019 |
(In thousands) |  | Prior to Adoption of ASC 842 |  |  | Adjustments due to ASC 842 |  |  | As Reported |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Other noncurrent assets |  | $ | 848 |  |  | $ | 1,178 | (a) |  | $ | 2,026 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accrued and other current liabilities |  |  | 21,151 |  |  |  | 529 |  |  |  | 21,680 |
Noncurrent operating lease liabilities |  |  | - |  |  |  | 649 |  |  |  | 649 |
| (a) | Operating lease assets balance at December 31, 2019.

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- Definition The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -URI http://asc.fasb.org/topic&trid=2122394 + Details
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