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Note 6 - Leases

9 Months Ended

Sep. 30, 2020

6.	Leases:

The components of lease expense were as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in thousands)	2020		2019		2020		2019

Operating lease cost	$	1,767	$	1,736	$	5,322	$	5,262

Finance lease cost:
Amortization of right-of-use assets	$	62	$	20	$	182	$	38
Interest on lease liabilities		13		5		39		14
Total finance lease cost	$	75	$	25	$	221	$	52

Supplemental cash flow information related to leases was as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in thousands)	2020		2019		2020		2019

Cash paid for lease liabilities:
Operating cash flows from operating leases	$	1,742	$	1,712	$	5,251	$	5,256
Operating cash flows from finance leases		13		5		39		14
Financing cash flows from finance leases		58		19		173		31
Total cash paid for lease liabilities	$	1,813	$	1,736	$	5,463	$	5,301

Supplemental balance sheet information related to leases was as follows:

	September 30,			December 31,
(in thousands)	2020			2019

Operating Leases
Operating lease right-of-use asset	$	35,809		$	31,624
Operating lease accumulated depreciation		(9,538	)		(5,825	)
Operating lease right-of-use asset, net		26,271			25,799

Other current liabilities		5,689			5,481
Operating lease liabilities		20,753			20,418
Total operating lease liabilities	$	26,442		$	25,899

	September 30,			December 31,
(in thousands)	2020			2019

Finance Leases
Property and equipment, at cost	$	1,967		$	613
Accumulated depreciation		(255	)		(67	)
Property and equipment, net		1,712			546

Other current liabilities		296			108
Other long-term liabilities		1,431			443
Total finance lease liabilities	$	1,727		$	551

Weighted Average Remaining Lease Term
Operating leases (in years)		7			7
Finance leases (in years)		6			6

Weighted Average Discount Rate
Operating leases		3.76	%		3.72	%
Finance leases		3.80	%		4.01	%

Maturities of lease liabilities were as follows:

	Operating			Finance
(in thousands)	Leases			Leases

Year Ending December 31,
2020	$	1,730		$	89
2021		6,312			353
2022		5,291			340
2023		4,313			296
2024		3,680			271
Thereafter		8,668			579
Total future minimum lease payments	$	29,994		$	1,928
Less remaining imputed interest		(3,552	)		(201	)
Total	$	26,442		$	1,727