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Note 8 - Leases
6 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Lessee, Operating Leases [Text Block]
8.Leases

 

The Company has noncancelable operating leases for office, manufacturing facilities, warehouse space, automobiles and equipment expiring at various dates through 2024 and thereafter.

 

The components of lease expense for the three and six months ended June 30, 2020 and 2019 are as follows:

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30, 2020

  

June 30, 2019

  

June 30, 2020

  

June 30, 2019

 
  

(in thousands)

  

(in thousands)

 

Operating lease cost

 $544  $515  $1,079  $1,038 

Short term lease cost

  43   51   85   127 

Sublease income

  (25)  (103)  (132)  (205)

Total lease cost

 $562  $463  $1,032  $960 

 

Supplemental cash flow information related to the Company's operating leases was as follows:

 

  

Six Months Ended

 
  

June 30, 2020

  

June 30, 2019

 
  

(in thousands)

 

Cash paid for amounts included in the measurement of lease liabilities

 $1,381  $1,367 

Right of use assets obtained in exchange for lease obligations operating leases

  387   - 

 

Supplemental balance sheet information related to the Company's operating leases was as follows:

 

  

June 30, 2020

  

December 31, 2019

 
  

(in thousands)

 

Operating lease right-of use assets

 $8,165  $8,463 
         

Current portion, operating lease liabilities

 $2,249  $2,424 

Operating lease liabilities, long term

  7,887   8,224 

Total operating lease liabilities

 $10,136  $10,648 
         

Weighted average remaining lease term (years)

 

7.7

  

8.1

 

Weighted average discount rate

  9.2%  9.2%

 

Future minimum lease payments for operating leases, with initial or remaining terms in excess of one year at June 30, 2020, are as follows:

 

  

Operating

 
  

Leases

 
  

(in thousands)

 

2021

 $2,241 

2022

  1,988 

2023

  1,929 

2024

  1,923 

2025

  1,244 

Thereafter

  5,314 

Total lease payments

  14,639 

Less interest

  (4,503)

Total operating lease liabilities

 $10,136