Note 7 - Leases

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

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 months ended March 31, 2022 and 2021, are as follows:

	Three Months Ended March 31,
(in thousands)	2022			2021
Operating lease cost	$	504		$	517
Short-term lease cost		64			46
Sublease income		(25	)		(25	)
Total lease cost	$	543		$	538

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

	Three Months Ended March 31,
(in thousands)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:	$	594	$	611
Right-of-use assets obtained in exchange for lease obligations:	$	39	$	-

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

	March 31,			December 31,
(in thousands)	2022			2021
Operating lease right-of-use assets	$	6,605		$	6,897
Current portion, operating lease liabilities	$	2,151		$	2,142
Operating lease liabilities, long-term		6,159			6,488
Total operating lease liabilities	$	8,310		$	8,630
Weighted average remaining lease term (years)		6.5			6.7
Weighted average discount rate		9.3	%		9.3	%

Future minimum lease payments for operating leases for each twelve-month period subsequent to March 31, 2022, are as follows:

Year Ending December 31,
(in thousands)
2022 (remainder of year)	$	1,611
2023		2,133
2024		1,765
2025		1,019
2026		980
Thereafter		3,871
Total lease payments		11,379
Less imputed interest		(3,069	)
Total operating lease liabilities	$	8,310