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Note 9 - Leases

12 Months Ended

Dec. 31, 2021

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, 2021 and 2020 are as follows:

	Year Ended December 31,
(in thousands)	2021			2020
Operating lease cost	$	2,041		$	2,153
Short term lease cost		196			175
Sublease income		(102	)		(183	)
Total lease cost	$	2,135		$	2,145

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

	Year Ended December 31,
(in thousands)	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:	$	2,365	$	2,717
Right of use assets obtained in exchange for lease obligations:		524		455

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

	December 31,
(in thousands)	2021			2020
Operating lease right-of use assets	$	6,897		$	7,761

Operating lease liabilities, current	$	2,142		$	2,111
Operating lease liabilities, long term		6,488			7,481
Total operating lease liabilities	$	8,630		$	9,592

Weighted average remaining lease term (in years)		6.7			7.4
Weighted average discount rate		9.3	%		9.3	%

Future minimum lease payments for operating leases, with initial terms in excess of one year at December 31, 2021, are as follows:

(in thousands)
2022	$	2,142
2023		2,122
2024		1,768
2025		1,014
2026		980
Thereafter		3,869
Total lease payments		11,895
Less interest		(3,265	)
Total operating lease liabilities	$	8,630