XML 33 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 9 - Leases
12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Leases of Lessee Disclosure [Text Block]
9
.
LEASES:
 
Capital Lease
s
 
The Company leases certain equipment used in the manufacturing process.
The Company had a total of
$1.1
 million in capital lease obligations outstanding as of
December 
31,
2017.
The weighted-average interest rate on all of the Company’s capital leases was
4.68%.
The future minimum payments under the Company’s capital leases as of
December 
31,
2017
are as follows (in thousands):
 
 
201
8
  $
361
 
201
9
   
333
 
202
0
   
238
 
202
1
   
121
 
202
2
   
100
 
Total minimum lease payment
s
   
1,153
 
Amount representing interest
   
(98
)
Present value of minimum lease payment
s
   
1,055
 
Current portion of capital lease obligations
   
318
 
Capital lease obligations, less current portio
n
  $
737
 
 
Operating Leases
 
The Company has entered into various equipment
and property leases with terms of
ten
years or less. Total rental expense from continuing operations for the years ended
December 
31,
2017,
2016
and
2015
was
$3.0
 million,
$3.0
 million and
$3.1
 million, respectively. Certain of the Company’s operating lease agreements include renewals and/or purchase options set to expire at various dates. The future minimum payments for operating leases with initial or remaining terms in excess of
one
year as of
December 
31,
2017
are as follows (in thousands):
 
201
8
  $
1,698
 
201
9
   
1,242
 
202
0
   
1,108
 
202
1
   
798
 
202
2
   
381
 
Thereafte
r
   
1,045
 
    $
6,272