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Note 9 - Leases
12 Months Ended
Dec. 31, 2018
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
$1.3
 million in capital lease obligations outstanding as of
December 
31,
2018.
The weighted-average interest rate on all of the Company’s capital leases was
5.01%.
The future minimum payments under the Company’s capital leases as of
December 
31,
2018
are as follows (in thousands):
 
2019
  $
470
 
2020
   
375
 
2021
   
258
 
2022
   
237
 
2023
   
33
 
Total minimum lease payments
   
1,373
 
Amount representing interest
   
(118
)
Present value of minimum lease payments
   
1,255
 
Current portion of capital lease obligations
   
416
 
Capital lease obligations, less current portion
  $
839
 
 
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,
2018,
2017,
and
2016
was
$2.7
 million,
$3.0
 million, and
$3.0
 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,
2018
are as follows (in thousands):
 
2019
  $
1,582
 
2020
   
1,456
 
2021
   
1,145
 
2022
   
959
 
2023
   
762
 
Thereafter
   
4,347
 
    $
10,251