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Note 7 - Leases

9 Months Ended

Sep. 30, 2022

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, 2022 and 2021, are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2022			2021			2022			2021
Operating lease cost	$	486		$	521		$	1,483		$	1,544
Short-term lease cost		58			49			180			150
Sublease income		(25	)		(25	)		(76	)		(76	)
Total lease cost	$	519		$	545		$	1,587		$	1,618

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

	Nine Months Ended September 30,
(in thousands)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:	$	1,759	$	1,791
Right-of-use assets obtained in exchange for lease obligations:	$	248	$	351

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

	September 30,			December 31,
(in thousands)	2022			2021
Operating lease right-of-use assets	$	6,019		$	6,897

Current portion, operating lease liabilities	$	2,121		$	2,142
Operating lease liabilities, long-term		5,539			6,488
Total operating lease liabilities	$	7,660		$	8,630

Weighted average remaining lease term (years)		6.4			6.7
Weighted average discount rate		9.4	%		9.3	%

Future minimum lease payments for operating leases subsequent to September 30, 2022, are as follows:

Year Ending December 31,
(in thousands)
2022 (remainder of year)	$	531
2023		2,101
2024		1,755
2025		1,052
2026		1,016
Thereafter		3,970
Total lease payments		10,425
Less imputed interest		(2,765	)
Total operating lease liabilities	$	7,660