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Note 9 - Leases

12 Months Ended

Dec. 31, 2020

Leases

The Company has noncancelable operating leases for office space, manufacturing facilities, warehouse space, automobiles and equipment expiring at various dates through 2030.

The components of lease expense for the year ended December 31, 2020 and 2019 are as follows:

	Year Ended December 31,
(in thousands)	2020			2019
Operating lease cost	$	2,153		$	2,084
Short term lease cost		175			245
Sublease income		(183	)		(429	)
Total lease cost	$	2,145		$	1,900

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

	Year Ended December 31,
(in thousands)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:	$	2,717	$	2,530
Right-of-use assets obtained in exchange for lease obligations:	$	455	$	177

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

	December 31,
(in thousands)	2020			2019
Operating lease right-of use assets	$	7,761		$	8,463

Current portion, operating lease liabilities	$	2,111		$	2,424
Operating lease liabilities, long term		7,481			8,224
Total operating lease liabilities	$	9,592		$	10,648

Weighted average remaining lease term (in years)		7.4			8.1
Weighted average discount rate		9.3	%		9.2	%

Future minimum lease payments for operating leases, with initial or remaining terms in excess of one year at December 31, 2020, are as follows:

(in thousands)	Operating Leases
2021	$	2,111
2022		2,018
2023		1,970
2024		1,715
2025		1,000
Thereafter		4,854
Total lease payments		13,668
Less interest		(4,076	)
Total operating lease liabilities	$	9,592