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Note 8 - Leases

9 Months Ended

Sep. 30, 2023

(8)

LEASES

As previously discussed in Note 2, we account for our leases in accordance with the guidance in ASC Topic 842. We lease our offices, warehouse facilities and certain equipment under non-cancellable operating leases that expire at various dates through 2031. Total operating lease and short-term lease costs for the three and nine months ended September 30, 2023 and 2022 were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022

Operating lease cost	$	396	$	330	$	1,199	$	973
Short-term lease cost	$	3	$	7	$	10	$	51

The following is additional information about our leases as of September 30, 2023:

Range of remaining lease terms (in years)	0.5	to	7.6
Weighted average remaining lease term (in years)		4.5
Weighted average discount rate		4.4%

Maturities of lease liabilities as of September 30, 2023 were as follows:

2023 (remainder)	$	484
2024		1,898
2025		1,003
2026		704
2027		701
Thereafter		944
Total lease payments	$	5,734
Less imputed interest		(503	)
Total	$	5,231

Cash Flow Information

Total amortization of ROU assets was $390 and $1,172 for the three months and nine months ended September 30, 2023, respectively, and $334 and $972 for the three months and nine months ended September 30, 2022, respectively.

During the nine months ended September 30, 2023, we entered into a 25-month lease for a facility for our Environmental Technologies segment’s operation in Germany. At the effective date of this lease, we recorded a non-cash increase in our ROU assets and operating lease liabilities of approximately $90. During this same period, we entered into two auto leases, one with a 36-month term and one with a 48-month term, for employees of our Process Technologies segment both of whom are based in Europe. At the effective date of these leases, we recorded non-cash increases in our ROU assets and operating lease liabilities totaling approximately $71.