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Note 8 - Leases | 9 Months Ended
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Sep. 30, 2020
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] |
( 8 ) | LEASES
We lease our offices, warehouse facilities and certain equipment under non-cancellable operating leases which expire at various dates through 2031. Total operating lease and short-term lease costs for the three months and nine months ended September 30, 2020 and 2019 were as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Operating lease cost |  | $ | 393 |  |  | $ | 370 |  |  | $ | 1,174 |  |  | $ | 1,106 |
Short-term lease cost |  | $ | 13 |  |  | $ | 12 |  |  | $ | 35 |  |  | $ | 39 |
The following is additional information about our leases as of September 30, 2020:
Range of remaining lease terms (in years) |  | 0.3 | to | 10.0 |
Weighted average remaining lease term (in years) |  |  |  | 6.6 |
Weighted average discount rate |  |  |  | 4.4% |
Maturities of lease liabilities as of September 30, 2020 were as follows:
2020 (remainder) |  | $ | 378 |
2021 |  |  | 1,407 |
2022 |  |  | 1,321 |
2023 |  |  | 1,341 |
2024 |  |  | 1,377 |
Thereafter |  |  | 2,566 |
Total lease payments |  | $ | 8,390 |
Less imputed interest |  |  | (1,042 | )
Total |  | $ | 7,348 |
Supplemental Cash Flow Information Total amortization of ROU assets was $324 and $977 for the three months and nine months ended September 30, 2020, respectively, and $351 and $952 for the three months and nine months ended September 30, 2019, respectively. Non-cash increases in operating lease liabilities and ROU assets as a result of lease modifications for the nine months ended September 30, 2020 were as follows:
Modification to lease for facility in Fremont, California |  | $ | 1,176 |
Modification to lease for facility in Mt. Laurel, New Jersey |  | $ | 2,051 |
On January 23, 2020, we executed an amendment to the lease for our EMS facility in Fremont, California, which extended the term for a period of 61 months commencing on November 1, 2020 and expiring on November 30, 2025. At the effective date of this modification, we recorded an increase in our ROU assets and operating lease liabilities of approximately $1,176. On September 22, 2020, we executed an amendment to the lease for our EMS facility in Mt. Laurel, New Jersey, which extended the term of the existing lease for a period of 120 months commencing on May 1, 2021. In addition, effective on May 1, 2021, the leased space shall be reduced to approximately 33,650 square feet. At the effective date of this modification, we recorded an increase in our ROU assets and operating lease liabilities of approximately $2,051. Non-cash increases (decreases) in operating lease liabilities and ROU assets as a result of lease modifications for the nine months ended September 30, 2019 was as follows:
Modification to Ambrell's U.K. facility lease |  | $ | (486 | )
Modification to lease for facility in Mansfield, Massachusetts |  | $ | 1,811 |
Modification to Ambrell's Netherlands facility lease |  | $ | (48 | )
The lease for Ambrell's U.K. facility had an original term of 15 years, which extended through August 2029. The lease included the option to terminate the lease at specified points in time without penalty. We exercised this option in March 2019, and the lease expired in September 2019. At the effective date of this modification, we recorded a reduction in our ROU assets and operating lease liabilities of approximately $486. On April 8, 2019, we executed an amendment to the lease for our facility in Mansfield, Massachusetts that extended the term of the lease for an additional forty months to December 31, 2024 and expanded the amount of leased space by approximately 6,100 square feet. The current rate per square foot that is in place through August 31, 2021 ( the original expiration date of the lease) did not change. After August 31, 2021, there are predetermined fixed escalations of the rate as outlined in the amendment. As a result of this modification, we recorded an increase in our ROU assets and operating lease liabilities of approximately $1,811. During the third quarter of 2019, the lease for a portion of Ambrell's facility in the Netherlands was modified to reduce the term of that lease to expire in September 2019 as that portion of the space was no longer needed. At the effective date of this modification, we recorded a reduction in our ROU assets and operating lease liabilities of approximately $48.

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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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