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Note 12 - Leases | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | 12. Leases We lease datacenters, corporate offices and fiber-optic cables under operating leases. The Company does not have any leases classified as finance leases. Our leases have remaining lease terms of 1 year to 20 years, some of which may include options to extend the leases for up to 5 years, and some of which may include options to terminate the leases within 1 year. The components of lease expense were as follows (Dollar amounts in thousands of U.S. dollars):
|  | Year Ended |  |  | Year Ended |
|  | December 31, 2020 |  |  | December 31, 2019 |
Operating Lease Cost (leases with a total term greater than 12 months) |  | $ | 2,195 |  |  | $ | 3,057 |
Short-term Lease Cost (leases with a total term of 12 months or less) |  |  | 501 |  |  |  | 1,040 |
Variable Lease Cost |  |  | 589 |  |  |  | 657 |
Total Lease Cost |  | $ | 3,286 |  |  | $ | 4,754 |
Lease Cost is presented in general and administrative expenses and network expenses within our consolidated statements of operations and comprehensive income. Information related to leases was as follows (Dollar amounts in thousands of U.S. dollars):
|  | Year Ended |  |  | Year Ended |
Supplemental cashflow information: |  | December 31, 2020 |  |  | December 31, 2019 |
Operating Lease - Operating Cash Flows (Fixed Payments) |  | $ | 2,332 |  |  | $ | 3,130 |
Operating Lease - Operating Cash Flows (Liability Reduction) |  | $ | 1,952 |  |  | $ | 2,665 |
New ROU Assets - Operating Leases |  | $ | 2,798 |  |  | $ | 5,392 |
Supplemental balance sheet information related to leases: |  | December 31, 2020 |  |  | December 31, 2019 |
Weighted Average Discount Rate |  |  | 3.60 | % |  |  | 5.20 | %
Weighted Average Remaining Lease Term |  | 8.35 yrs |  |  | 8.62 yrs |
Maturity of lease liability as of December 31, 2020 (Dollar amounts in thousands of U.S. dollars):
|  | December 31, 2020 |
2021 |  | $ | 2,084 |
2022 |  |  | 2,057 |
2023 |  |  | 1,979 |
2024 |  |  | 1,439 |
2025 |  |  | 900 |
Thereafter |  |  | 4,071 |
Total future lease payments |  |  | 12,530 |
Less interest |  |  | 1,590 |
Total |  | $ | 10,940 |
Operating lease payments include payments under the non-cancellable term and approximately $0.3 million related to options to extend lease terms that are reasonably certain of being exercised. As of December 31, 2020, we have entered into lease agreements for total payments of $0.5 million that have not yet commenced, and therefore are not included in the lease liability.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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