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Note 10 - Leases | 3 Months Ended
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Mar. 31, 2019
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | NOTE 10 – Leases The Company leases several of its operating and office facilities including warehouses, call centers, office space and equipment for various terms under long-term, non-cancelable operating lease agreements. These leases generally have expected lease terms at adoption of one to eight years. In the normal course of business, it is expected that these leases will be renewed or replaced by leases on other properties. Certain of the lease agreements include rental payments adjusted periodically for inflation and generally require the Company to pay real estate taxes, insurance, and repairs. The Company’s lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. The Company subleases certain office space to third parties. As of March 31, 2019 the Company had recognized $3.9 million of operating lease obligation ( $1 million in other current liabilities and $2.9 million in operating lease liabilities) which represents the present value of the remaining lease payment of $4.3 million discounted using the Company’s lease discount rate of 5.74%; and, $4.6 million of operating right-of-use assets, which represents the lease liability of $3.9 million adjusted for the prepaid rent of $0.7 million that was previously presented within prepaid expenses and other current assets and other assets on the accompanying condensed consolidated balance sheet prior to the adoption. The depreciable-life of right-of-use assets is generally limited by the expected lease term. Information about the Company’s total lease cost, cash flows, weighted-average remaining lease terms, discount rate assumptions and other quantitative information for operating leases are as follows (dollars in thousands):
|  | March 31, |
|  | 2019 |
Lease costs: |  |  |  |
Operating lease costs |  | $ | 325 |
Short-term lease costs |  |  | 108 |
Total lease costs, included in SG&A |  |  | 433 |
Operating cash-flows from operating leases |  | $ | 292 |
Weighted-average remaining lease term (in years) |  |  | 3 |
Weighted average discount rate - operating leases |  |  | 5.74 | %
Maturities of lease liabilities as of March 31 were as follows: |  |  |  |
|  | Operating |
|  | Leases |
2019 (nine months) |  | $ | 890 |
2020 |  |  | 1,130 |
2021 |  |  | 797 |
2022 |  |  | 784 |
2023 |  |  | 634 |
Thereafter |  |  | 108 |
Total lease payments |  | $ | 4,343 |
Less imputed interest |  |  | 476 |
Total |  | $ | 3,867 |

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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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