XML 25 R14.htm IDEA: XBRL DOCUMENT

Note 7 - Leases

9 Months Ended

Sep. 30, 2021

7.	Leases

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

The components of lease expense for the three and nine months ended September 30, 2021 and 2020, are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2021			2020			2021			2020
Operating lease cost	$	521		$	565		$	1,544		$	1,647
Short term lease cost		49			46			150			131
Sublease income		(25	)		(26	)		(76	)		(158	)
Total lease cost	$	545		$	585		$	1,618		$	1,620

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

	Nine Months Ended September 30,
(in thousands)	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:	$	1,791	$	2,041
Right of use assets obtained in exchange for lease obligations:	$	351	$	401

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

	September 30,			December 31,
(in thousands)	2021			2020
Operating lease right-of use assets	$	7,081		$	7,761

Current portion, operating lease liabilities	$	2,127		$	2,111
Operating lease liabilities, long term		6,716			7,481
Total operating lease liabilities	$	8,843		$	9,592

Weighted average remaining lease term (years)		6.9			7.4
Weighted average discount rate		9.2	%		9.2	%

Maturities of operating lease liabilities for each twelve-month period subsequent to September 30, 2021, are as follows:

(in thousands)
2021	$	2,127
2022		2,057
2023		1,964
2024		1,047
2025		974
Thereafter		4,129
Total lease payments		12,298
Less imputed interest		(3,455	)
Total operating lease liabilities	$	8,843