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Note 11 - Leases | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | 11. LEASES The operating ROU assets and operating lease liabilities as of December 31, 2023 and December 31, 2022 were as follows:
|  | December 31, |  |  | December 31, |  |
($ in thousands) |  | 2023 |  |  | 2022 |  | Financial Statement Line Item
Assets: |  |  |  |  |  |  |  |  |
Operating ROU Assets |  | $ | 7,809 |  |  | $ | 11,014 |  | Leased assets
Liabilities: |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |
Operating |  | $ | 2,628 |  |  | $ | 3,071 |  | Other accrued expenses
Noncurrent |  |  |  |  |  |  |  |  |
Operating |  |  | 5,461 |  |  |  | 8,216 |  | Long-term lease
Total leased liabilities |  | $ | 8,089 |  |  | $ | 11,287 |  |
Maturities of our operating lease liabilities are as follows:
|  | Operating |
($ in thousands) |  | Leases |
2024 |  | $ | 2,810 |
2025 |  |  | 2,727 |
2026 |  |  | 2,359 |
2027 |  |  | 503 |
2028 |  |  | 67 |
Total lease payments |  |  | 8,466 |
Less: Interest |  |  | (377 | )
Present value of lease liabilities |  | $ | 8,089 |
For the twelve months ended December 31, 2023 and December 31, 2022, the weighted average remaining lease term and discount rate were as follows:
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Weighted-average remaining lease term (years) |  |  |  |  |  |  |  |
Operating leases |  |  | 2.1 |  |  |  | 2.8 |
Weighted-average discount rate |  |  |  |  |  |  |  |
Operating leases |  |  | 2.6 | % |  |  | 1.4 | %
For the twelve months ended December 31, 2023, December 31, 2022 and December 31, 2021 the supplemental cash flow information was as follows:
|  | December 31, |  |  | December 31, |  |  | December 31, |
($ in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 2,853 |  |  | $ | 1,492 |  |  | $ | 1,230 |
Right-of-use assets obtained in exchange for lease obligations |  |  |  |  |  |  |  |  |  |  |  |
Operating leases |  | $ | 628 |  |  | $ | 2,786 |  |  | $ | 13,186 |
The breakdown of rent expense for our operating leases for the twelve months ended December 31, 2023 and December 31, 2022 were as follows:
|  | Twelve Months Ended |  |
|  | December 31, |  |  | December 31, |  |  | December 31, |  |
($ in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |  | Financial Statement Line Item
Operating lease expenses - Manufacturing & Sourcing (1) |  | $ | 2,826 |  |  | $ | 784 |  |  | $ | 813 |  | Cost of goods sold
Operating lease expenses (1) |  |  | 1,617 |  |  |  | 4,595 |  |  |  | 1,417 |  | Operating expenses
Total lease expenses |  | $ | 4,443 |  |  | $ | 5,379 |  |  | $ | 2,230 |  |
(1) Includes short-term lease expenses of approximately $0.5 million, $2.2 million and $1.3 million for the twelve months ended December 31, 2023, December 31, 2022 and December 31, 2021, respectively.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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