Note 5 - Leases

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Leases of Lessee Disclosure [Text Block]

NOTE 5: LEASES

The Company leases substantially all of its office space and vehicles under operating leases. The Company's leases have original lease periods expiring between 2021 and 2034. Many leases include one or more options to renew. The Company does not assume renewals in its determination of the lease term unless the renewals are deemed to be reasonably certain at lease commencement. Lease payments included in the measurement of the lease liability comprise the following: the fixed non-cancelable lease payments, payments for optional renewal periods where it is reasonably certain the renewal period will be exercised, and payments for early termination options unless it is reasonably certain the lease will not be terminated early.

The following is a summary of weighted average remaining lease terms and discount rates for all of the Company’s operating leases:

	June 30, 2021 (Unaudited)
Weighted average remaining lease term (years)		4.44
Weighted average discount rates		1.99	%

Total operating lease cost and cash payments for operating leases were as follows:

	Six months ended June 30,				Three months ended June 30,
	2021 (unaudited)		2020 (unaudited)		2021 (unaudited)		2020 (unaudited)
Operating lease cost	$	1,499	$	1,231	$	758	$	634
Cash payments for operating leases		1,598		1,345		799		752

Maturities of lease liabilities are as follows:

The remainder of 2021	$	1,582
2022		2,960
2023		1,311
2024		463
2025		475
2026 and thereafter		1,344
Total undiscounted cash flows		8,135
Less imputed interest		354
Present value of lease liabilities	$	7,781