XML 21 R11.htm IDEA: XBRL DOCUMENT v3.20.2

Note 4 - Leases

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Leases of Lessee Disclosure [Text Block]

NOTE 4: Leases

The Company leases substantially all of its office space and vehicles under operating leases. The Company's leases have original lease periods expiring between 2020 and 2034. Many of these leases include one or more options to renew. The Company does not assume renewals in its determination of the lease term unless the renewals are deemed to be reasonably certain at lease commencement. The Company has an option to extend the lease of one of its principal office spaces until 2028, which is reasonably certain to be renewed. Lease payments included in the measurement of the lease liability comprise the following: the fixed non-cancelable lease payments, payments for optional renewal periods where it is reasonably certain the renewal period will be exercised, and payments for early termination options unless it is reasonably certain the lease will not be terminated early.

Under Topic 842 “Leases,” all leases with durations greater than 12 months, including non-cancelable operating leases, are now recognized on the balance sheet. The aggregate present value of lease agreements are recorded as a long-term asset titled right-of-use assets. The corresponding lease liabilities are split between operating lease liabilities within current liabilities and operating lease liabilities within long-term liabilities.

The following is a summary of weighted average remaining lease terms and discount rates for all of the Company’s operating leases:

		September 30, 2020 (Unaudited)
Weighted average remaining lease term (years)			6.97
Weighted average discount rates			3.69	%

Total operating lease cost during the three and nine months ended September 30, 2020 was $652 and $1,883, respectively. Cash paid for amounts included in the measurement of operating lease liabilities was $623 and $1,968 during the three and nine months ended September 30, 2020, respectively.

Maturities of lease liabilities are as follows:

The remainder of 2020		$	881
2021			2,171
2022			1,861
2023			1,500
2024			1,149
2025 and thereafter			4,308
Total undiscounted cash flows			11,870
Less imputed interest			1,405
Present value of lease liabilities		$	10,465

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